“Settling an estate is often a thankless task” “Money has a habit of changing the attitudes of a lot of people,” Mr. Ngai says, “but an executor’s job isn’t simply to distribute wealth.” Based on a survey made among those who have served as executors, the challenges and expectations are listed below for your reference. The survey above shows that being an executor is not an easy job. The expectations are high and the duties…
"To act or not to act"Month: May 2018
Insurance only protects against the loss of income, whereas if I were to set up a will and trust, then I am also protecting my assets and savings. > Saw There is a growing awareness of the importance of estate planning in Malaysia, even though few are utilising wills and trusts as planning tools, according to the Rockwills International Group’s latest survey. The group’s “Will You or Will You Not” survey of 521 respondents found…
"Estate Planning: More Malaysians aware of importance of wills and trusts, says Rockwills."
Written By MK Chan – Financial Alliance Pte Ltd’s Director of Finance & Corporate Development and Chartered Accountant. Picture this: Members of a large family comprising nine children continue to be embroiled in legal tussles, aggressively asserting inheritance rights in bids to carve out a piece of the sizeable fortune left behind by their father, who died without making a will over six years ago. Here is another scenario. With the intelligent use of a trust…
"Estate Planning in Real Life: Why It Matters To You"