Testamentary Trust: Long-Term Care Arrangement After Death In Part 1, we discussed that estate planning for single individuals is not only about arranging “who receives the assets after death”. It is also about considering what happens if a person is still alive, but due to accident, illness, coma, or loss of capacity, can no...
It Is Not Only About “Who Receives My Assets After I Pass Away” Many single individuals, when they hear about estate planning, may first think: “I am independent and taking care of myself. I do not plan to get married, and I will not have children. Who would benefit from my estate planning?” In fact,...
1. The Residuary Clause: Solving “Partial Intestacy” Issue If your Will does not include a Residuary Clause, any omitted assets (such as newly purchased property or inherited assets) will be treated under “partial intestacy.” In the future, these assets cannot be distributed according to your personal wishes and must instead be distributed according to the...
When it comes to will and trust Malaysia, many people assume that will writing is simply about listing assets and naming beneficiaries. In reality, proper estate planning involves much more than preparing a basic Will. A well-structured, planned Will, together with the right trust arrangement where necessary, can help reduce disputes, protect minor beneficiaries, and...
Finex & Co is a Will and Trust advisory company in Malaysia, supported by professional estate planners and legal advisors. We help individuals, families and business owners plan Wills, Trusts, asset distribution and business succession.
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