ROCKWILLS ESTATE PLANNING FORUM FOR A GROUP OF INDONESIAN DELEGETES (17.5.2017)

On 17/5/2017, there was a Rockwills Estate Planning Forum held at Pearl International Hotel, Jalan Klang Lama, 58200, Kuala Lumpur. A group of Indonesian Financial Planners and Insurance Agents attended the forum. I was one of the speakers for the forum. The title of my sharing is “My Rockwills Business – 16 Years”.  I shared in depth how I first started my business and later built up a group.  My marketing tools, How I trained…

"ROCKWILLS ESTATE PLANNING FORUM FOR A GROUP OF INDONESIAN DELEGETES (17.5.2017)"

Protecting Assets with UDeclare for foreigners in Malaysia

How important is it to protect your assets? For most people, it is extremely important. Especially for those who have dependants and a large amount of assets. When you have assets worth a lot of money, it is important to have a will to make sure your assets do not end up in the wrong hands, or that it does not hang in limbo as your family battles it out in court on who gets…

"Protecting Assets with UDeclare for foreigners in Malaysia"

Can I do Charity in my Will?

Nowadays, due to the busy life style we are in, many of my clients have asked me if he/she can mention donations to certain Charities in their Wills. I said ‘Yes’ and they can do donations in several ways:- The testator may mention a specific or lump sum amount to be donated to a certain named Charity. ‘I donate RM10, 000.00 to Chi Tzu Merit Society Malaysia’. In this situation, the donation is for once…

"Can I do Charity in my Will?"

More young people making Will in Singapore?

SINGAPORE: More young people are making a will, including those who may not necessarily own property or other assets of high value, according to lawyers who believe that there is less taboo surrounding the subject. Making a will, which can cost between S$200 and S$1,500 depending on its complexity, is no longer the preserve of the elderly or the rich. Some lawyers said they have been seeing younger people coming in to get wills drafted.…

"More young people making Will in Singapore?"

Ex-Husband And Her Family Fighting For The Custody Of The Children

The ex-husband of the late businesswoman has been accused of taking grandchildren away from the grandparents and did not allow them to visit the children. Both parties are now fighting for the custody of the children. According to Shin Min Daily News, the managing director and successor to family-owned business KSP Marketing, Ms. Linda Koh, was found unconscious in her hotel room in Hong Kong while on a business trip. She was taken to the…

"Ex-Husband And Her Family Fighting For The Custody Of The Children"

31 People Claim Share of $4M Estate

SINGAPORE – Many of them have never met, yet all can trace their heritage to a small, rundown bungalow in Katong. Bearing different family names – including Chin, Goh, Koh and Tan – they are descendants of Madam Wan Chin Neo, the late Peranakan matriarch who bought the house for $1,900 in 1937. These 31 of her descendants will soon meet for the first time to discuss the distribution of her estate. This includes the…

"31 People Claim Share of $4M Estate"

My Husband is Just Too Nice

Gaik found out only much later that her marriage to Joe came in a package —  et al with Joe’s family. Joe is a very caring son and brother and at a drop of hint, he would readily do anything for his family members, especially forking out money either for his parents or siblings. They were always ‘loans’ but were more like handouts. Joe, however, did not seem to mind that they were never returned.…

"My Husband is Just Too Nice"

Marriage revokes a Will written prior to the marriage.

Mr. Lee wrote a Will on 3/1/2010. In the Will he give all his assets to his son Chi Teng and Chi Weng in equal shares, nothing for his Wife Mdm. Liew due to their bad relationship. Subsequently the marriage broke off and he divorced his wife Mdm. Liew in the month of December that year. On 6/1/2011 he married Ms. Ling, a foreigner.  Since then, they were happily married until the demise of Mr.…

"Marriage revokes a Will written prior to the marriage."

The use of Testamentary Trust

Mr. Lee is 78 years old and he has 2 sons. Both the sons are working overseas and have no intention to return to Malaysia. Mr. Lee has a house in SS2, Petaling Jaya, Selangor which worth RM1.5 million and cash in bank outstanding is estimated at RM5.0 million. These are his major assets. He wrote a Will and distributes his whole estate among the two sons in equal shares. He felt sad after singing…

"The use of Testamentary Trust"