Appointing a guardian in your will is essential, but have you thought about how they’ll manage the costs of raising your child? While many people are willing to step in as guardians, raising children is expensive, and without proper financial support, even the most capable guardian might struggle. So, how can you ensure your chosen...
Myth 1: “If you don’t name any beneficiaries in your EPF accounts, your family members won’t be able to access the funds.” Many people believe that if they fail to name a beneficiary for their EPF (Employee Provident Fund) account, their family members won’t be able to access the funds. Truth: In the event of...
The Hidden Dangers of Self-Storage Most people think that once a will is signed, they can safely store it at home or in a private, secure area. Unfortunately, there are a several hazards associated with this that are often overlooked: Misplacement or Loss: Wills can easily be lost or misplaced, especially if they are...
Mr. Lim recently lost his father, who left behind an outstanding housing loan of RM500,000. As the sole beneficiary named in the will, Mr. Lim is worried. He wonders, “Will I have to take over my father’s housing loan? Can the bank continue charging interest on the outstanding amount after my father’s death?” These are...
Mr. Lim is married to Amy but is secretly involved in an affair with Bella. He wishes to leave some of his assets to Amy, his wife, and other assets to Bella, his mistress. Mr. Lim asks if it’s possible to write two separate wills—one for Amy and another for Bella—without either knowing about the...
Ensuring that your wishes are followed and your loved ones are protected requires estate planning, which is more than just a task to cross off a list. In an earlier article, we discussed some of the most important elements of estate planning and dispelled a few widespread misconceptions. However, it’s important to remember that many...
When it comes to estate planning, the topic of writing a will is often clouded by misconceptions and confusion. Have you ever wondered if those assumptions are true? Many people put off creating a will due to common myths, which can lead to unintended and serious consequences. In this article, we will explore these myths,...
“I’m Mr. Wong, 55 years old, and I have been invested in the world of cryptocurrency for some time now. Over the years, I’ve accumulated a significant amount of digital assets and firmly believe in their long-term value. My concern is how to ensure these assets are properly passed down to my son, Adam, after...
When it comes to planning for the future, many people often ask, “Can I write my own Will? Is doing it myself sufficient?” or “Why should I spend money on a professional Will writing service?” I think this is a general misconception by the public and let me explain it in detail. Can You...
“My child is under 18 years old and is the nominee for my EPF and insurance, and I appoint my sister as the executor of my Will, will the savings from my EPF and insurance payout go to my sister?” This is a common concern for parents planning their estate. Let’s clarify the roles involved...
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