Estate planning is a crucial process to ensure your loved ones are cared for and your assets are distributed according to your wishes. However, deciding between a simple will and a trust can be confusing. By answering these five questions, you can determine your specific needs and make an informed decision. Question 1: Do...
Have you ever wondered how many Malaysians have no idea what would happen if a joint property owner passes away? In reality, there are many implications to consider from different perspectives, including legal and financial aspects. Case Study: Alan & Brenda – Joint Property Owners Alan and Brenda jointly purchased a property. If Alan passes...
Warren Buffett just shared something important in his latest letter to shareholders – he talks about his Will with his children before signing it. This is very different from what most Asian parents do. Many don’t tell their kids about their Will, thinking it will cause family fights or bad luck. Some believe if they...
When I first read Die with Zero by Bill Perkins, it challenged everything I believed about money. Instead of saving endlessly, he suggests spending wisely while we’re alive to enjoy life, rather than leaving behind unused wealth. At first, it sounded reckless—shouldn’t we save for the future? But then I realized: enjoying life and smart...
The sudden passing of Taiwanese celebrity Barbie Hsu (Da S /大S) has raised important questions about inheritance and estate planning. Previously, we discussed who would gain guardianship of her children in our article: Who will become the legal guardian of the children now that Barbie Hsu has passed away? Now, let’s explore how inheritance works...
Many people have concerns about the validity of their will if their estate planner has passed away, the will company ceases to exist, or the law firm closes down. Fortunately, the validity of your will is not impacted by such circumstances. In this article, we will explain why your will is still valid, why it’s...
Mr. Lim, a retiree, recently decided to draft a will to ensure his assets are distributed according to his wishes. He appointed his trusted friend, Mr. Tan, as the executor of his will and asked his neighbour, Mrs. Lee, and his niece, Emily, to act as witnesses. However, Mr. Lim is unsure whether it’s necessary...
A client recently asked us, “My father recently recorded a video outlining how he wishes to distribute his estate among the family. Can this video be recognized as a valid will?” In today’s digital era, such questions have become increasingly common. However, estate distribution involves more than expressing personal wishes—it must adhere to legal requirements....
What Is a Residuary Clause? Residuary clause is a clause in a Will that allows the testator to dispose of the remaining assets under the estate that are not specifically provided for in the Will. It ensures these “leftover” assets are distributed according to the testator’s wishes. While drafting a will may seem straightforward, many...
In The Last Dance, the father’s final message serves as a beautiful reminder of the power of love, expressed through words. Whether in film or real life, terms of endearment act as bridges that connect hearts, heal wounds, and celebrate the unbreakable bonds of family and friendship. What Are Terms of Endearment? In simple...
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