WHERE SHOULD YOUR CLIENTS KEEP THEIR WILLS?

*Click for full article http://www.laribee-hertrick.com/literature/all-lost-lost-destroyed-2 https://www.rockwills.com.sg/silkair-victims-children-search-for-fathers-will/ WHAT HAPPENS WHEN THE ORIGINAL WILL IS LOST OR DESTROYED? Missing or destroyed Wills raise all sort of complex legal issues. In most cases, such estate could eventually be declared as intestate and the family would need to apply for Letters of Administration to unlock the assets! So… WHERE SHOULD CLIENTS KEEP THEIR WILLS?  BANK SAFE DEPOSIT BOX? *Click for full article http://bj.people.com.cn/n/2014/0228/c82840-20674699.html https://www.step.org/news/banks-belated-discovery-stored-wills-could-trigger-estate-disputes Safe deposit box is part…

"WHERE SHOULD YOUR CLIENTS KEEP THEIR WILLS?"

Prepare an exit strategy plan for your business amidst the prolonged lockdown

WHILE there is no way to tell exactly what the economic damage from the current global COVID-19 pandemic will be, there is however widespread agreement among economists that it will have severe negative impacts on the Malaysia economy for several years even in the post-pandemic era. Take the movement control order (MCO) 3.0, for example. It started early June 2021 and has not as yet ended. At this rate, more and more businesses are closing…

"Prepare an exit strategy plan for your business amidst the prolonged lockdown"

Pet trust – A welcomed solution for all pet owners

THE keeping of pet has always been of key importance in human lives. They provide companionship and bring us endless joy and positive energy. Having a pet has been scientifically proven to bring health benefits and therapeutical effects to us such as reduction in stress, loneliness and anxiety. They do not ask for much in life. Most of the time, they need only a warm and sheltered place to live, as well as adequate food…

"Pet trust – A welcomed solution for all pet owners"

Covid pandemic a wake-up call to family-owned businesses on importance of succession planning

PETALING JAYA: The Covid-19 pandemic is a wake-up call to family enterprises to establish a succession plan and prepare for the next unexpected personal or worldwide crisis, according to Rockwills Advisory Services Sdn Bhd general manager Jason Tham Jiessen (pix). Tham said many small enterprise founders meet their family members more often during the stay-at-home and movement control order periods that give them the space to talk about the future and the structure of the business.…

"Covid pandemic a wake-up call to family-owned businesses on importance of succession planning"

A Will and A Declaration of Trust

A Declaration of Trust is an estate planning tool that compliments a Will, the owner of the assets (Settlor) will create a trust deed by declaring that he declares himself as a Main Trustee and appoint a Trust Corporation as Substitute Trustee and holding the trust assets for himself and/or any others beneficiaries named in the trust deed. A power of attorney (POA) is given to a Trustee Corporation, and this POA will enable the…

"A Will and A Declaration of Trust"