“It is a common misconception that Will Writing and Legacy Planning is for the RICH, Old or Dying”

The Issues to Grapple with

Many people agonize over the best ways to distribute various assets to their spouse and children. Should it be given equally, or should some have more than others?

Should the assets be separately given or should they be shared? If shared, would this cause friction and dispute over asset usage or disposal?

Many of us have the habit of bringing a charged power bank with us, when we head out of the house for a long day ahead at work. This habit offers us the sense od security and assurance in the event our mobile phone(s) run out of battery.

Estate Planning embodies the same concept. It offers us the sense of security and assurance in the event death falls upon us unexpectedly.

Will writing is for Every Person
In truth, Will writing is for every person with specific distribution wishes for their assets upon death or mental incapacity.

We spend countless years, sweat and tears accumulating wealth. That essentially includes every person with property ownership, bank savings, insurance coverage, investment portfolio and/or business ownership.

Legacy planning is especially necessary for business owners and families with minor children and/or elderly parents.

Enhanced consideration needs to be given to beneficiaries who are young and below 18 years old and it is always wise to set up a Trust to hold the funds for beneficiaries until the right timing of the beneficiary to manage their finances.

The Role of Estate Planner

The multitude of potential issues is often underestimated by the client. The subject is wide in scope and is highly technical with many issues to be grappled with as mentioned in the earlier paragraphs.

Jocelline is able to understand the wide scope of issues that need to be addressed in a person’s legacy plans. She will be able to identify the triggers that the clients can relate to.

Make it a priority! Please contact +6019 - 729 4278 (Malaysia), +65 - 8731 5002 (Singapore) for free information and advice or drop us an email at enquiry@willgeneration.com

Visit Website for more information http://jocellince.willgeneration.com

Comments

买了保险，但谁来保障您的保险金额呢！？

建议在投保前，多了解信托规划 (Estate Planning)。当保单有成立信托规划，可以达到双层保障的效果。一般的保单提名只有一层保障。比如丈夫提名妻子为唯一受益人，妻子也同样的提名丈夫。不怕一万就怕万一，万一夫妻俩同时不幸发生意外，保险金额会归于谁的呢？你买了保险，当以下情况发生你的家人有确保可以拥有你的保险金额吗？ i）保险提名的受益人一起不幸离世 ii) 保险受益人的年龄低于18岁 iii) 受益人一次性索取保险金是帮了他，还是害了他？设立保险信托，在信托规划里可以附加候补确保您的受益人可以在最快的时间内受益。即使孩子的年龄低于18岁，保险金额就有双层保障供应您孩子的需求，定时领取生活费和教育费。保险金额的用途是由你来决定，可以通过信托管理制度，来控制和预防受益人不会理财或被骗。一般的管理制度是给那些年龄较小的受益人，每月领固定的费用，直到会理财的年龄，才可以一次性领完。想让您的保险更有保障，联络以下号码获取您45分钟的1对1免费咨询。保险信托给您一个完整的规划。请联系我们多了解信托规划为你的后代，不怕一万就怕万一。想知道跟多就拨打 +6019 - 729 4278 (Malaysia), +65 - 8731 5002 (Singapore) 我们会帮您给个更多的了解和明白。

Property Distribution – In Full, In Part, In Cash?

Property distribution should be a blessing, not a curse. Review how you can adequately include your minor, parent and spouse in your property distribution. Property is usually the biggest item on our list of assets. Given that property is mortar and brick, homeowners need to clearly consider the various options available for the distribution of their property. There are many obstacles in property distribution, that can eventually make the property inheritance a burden and source of conflict for your appointed beneficiaries. A few points to consider is listed as follows: - Minors are legally ineligible to inherit a property. - The law restricts the possession and inheritance of government subsidized property. You can only hold on to 1 such property at any time (For Singaporean) . - Property inheritance can be troublesome for beneficiaries that reside outside the country of your property. - Beneficiaries with special needs and various other mental impa

Before choosing a rightful Executor below are some pointers for you to consider!

When you have a Will, your Executor is the most important person you put in charge to carry out your Will instructions. Without a piece of knowledge and capable executor your instructions may not carry out and your beneficiaries may not receive their inheritance. Executor may expose to Liabilities Your executor may be exposed to liabilities from creditors and tax authorities. Thus your executor must familiar with legal steps involved in executing your Will and can be trusted to be unbiased in the distribution of your assets. Instead of letting inexperienced Executor act as your Executor. As yourself this question.... Do I know the duties and liabilities of an Executors If I don’t know, how I do brief my Executor on what to do? Has he agreed to act as my Executor? Is he too busy to act as my Executor? Will he still be trustworthy when I’m no longer around?

Jocelline Chee Advisory

About Jocelline

Search This Blog