It is inevitable that leaders will eventually need to be replaced. Many business owners, particularly those who own private or family-run companies, hope for smooth transitions from one generation to the next. However, some individuals may struggle with the idea of their own mortality and believe they will never have to give up control. Studies...
Estate planning for special needs children in Malaysia is a process that involves making arrangements to protect the financial future of a child who has special needs. It includes planning for the distribution of assets, appointing a guardian, and setting up a trust to manage the child’s inheritance. In Malaysia, a child with special needs...
In Malaysia, both executor and administrator play an important role in the administration of a deceased person’s estate. While the roles of executor and administrator in Malaysia may seem similar, they have significant differences that individuals should be aware of. It is important to understand these differences to ensure that the estate is administrated correctly...
If you are a single parent and want to ensure that your minor child inherits your assets, there are several steps you can take: Draft a Will: A Will is a legal document that outlines how you want your assets to be distributed after you pass away. In your Will, you can name a guardian...
When we pass away, have we considered what will happen to the pets we adore? Do we have any plans for their care or how they will manage to survive without us? It’s essential to prepare for any unexpected events that may occur and ensure that our pets are taken care of. We must take...
The Federal Court in a recent landmark ruling Tan Kah Fatt and another v Tan Ying [2023] 1 LNS 63, reversing the decisions of both the High Court and Court of Appeal, held unanimously on 18 January 2023 that an illegitimate issue of a deceased parent is entitled to inherit from the deceased parent’s estate under...
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