Knowledge you should grab

This blog is to help you gain more knowledge about estate planning and all-you-should-know when having your estate planned.
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Is your insurance nominee a trust or non-trust nominee? Will the payout really go to your chosen beneficiaries?

When you purchase life insurance, ensuring that your loved ones receive the payout as intended is critical. However, the smooth distribution of the payout depends on the type of nomination you choose. Let’s explore the different types of nominations and how they affect the distribution of your insurance payout.   Making a Nomination in Malaysia...

What is an Insurance Trust? Do I need one?

Planning for your family’s financial future is more than just naming nominees in your insurance policy. It’s about ensuring the funds are managed wisely, especially during uncertain circumstances. An insurance trust provides that safety net.   How Does an Insurance Trust Work? An insurance trust is to appoint a trustee to manage the payout from...

Who Will Take Care of You and Your Assets When You Can’t?

One of my relatives, Sara, is a retiree, aged 62 and single. During our conversation, she shared that she has approximately RM100,000 in cash and a condominium worth RM700,000. She also spends RM2,500 a month on living expenses, which includes paying for two life insurance policies (covering critical illness and life insurance) with a combined...

What Types of Trusts Are Available in Malaysia?

Thinking about the future can feel overwhelming, but planning ahead is one of the best ways to protect your loved ones and secure their financial well-being. Trusts are an incredibly versatile tool to help manage and distribute your wealth, safeguard your children’s inheritance, and make sure that your assets are used responsibly. In Malaysia, there...