While you still thinking of how you want to distribute your estate, why not just start with this Simple DIY Will Writing 1st?
It is just a 5 steps easy online info key in, is fast, convenient and cheapest in town, and you shall get your draft will within 48 hours
working days.
Get hold on a simple DIY Will first, A Comprehensive Will can come in later.
Having a simple Will is better than not having one.
| Package A RM 299 |
|---|
| Appoint Of Executor |
| Assets to all beneficiaries in equal shares |
| Up to 5 Beneficiaries |
| Do it Now |
| Package B RM 399 |
|---|
| Appoint Of Executor |
| Can select 3 customized assets to selected beneficiaries by percentage |
| Up to 10 Beneficiaries |
| Free 1 hour Online Will Consultation with our Lawyer |
| Do it Now |
| Package C RM 599 |
|---|
| Appoint Of Executor |
| Can select 6 customized assets to selected beneficiaries by percentage |
| Up to 20 Beneficiaries |
| Free 1 hour Online Will Consultation with our Lawyer |
| Do it Now |
Optional
| Lifetime Storage On Backup Original | RM 888 |
| Will Witness | RM50/Witness |
| Will Consultation | RM300/hr |
As modern parents nowadays, we always travel together. the questions that most parent will ask will be: –
✅ Receive money as one of the beneficiaries during your lifetime should you become critically ill and disabled
✅ Distribute your assets the way you want to as the trust will be customized to fulfill your wishes
✅ Change the distribution terms as your children are growing up to meet their different needs
✅ Use your life insurance policy(ies) and/or other assets such as unit trust and moneys in bank account, to easily set up the trust
✅ Be assured that the trust assets will be quickly available when you and/or your children need it for maintenance, medical fees and education expenses.
Writing a comprehensive Will is important where a testator should list down all his assets. Having proper details of each assets are important, for example the details found on a title deed or the S & P agreement of a house. The testator can also put in a residuary clause in his Will to include assets that are acquired in the future or any future inheritances. liquid as well as illiquid assets. Examples of liquid assets are savings account, investment account, fixed deposits, unit trust funds, shares and bonds. Examples of illiquid assets are landed properties, land tracts, collectibles, vehicles and jewelries.
Well, the executor of the Will is going to be saddled with the difficult and complicated task of trying to understand and comply with all the instructions written in the Will.
The executor may even have to do some intensive and extensive investigation work not unlike the character Sherlock Holmes, to gather all information pertaining to the deceased person’s estate.
Nobody can put a time estimate on how long this process would take, which could be years. On top of that, the executor may even have to engage a third party to do the search to locate all the deceased person’s assets and incurring unnecessary expenses in the process. It could be years down the road before some assets are discovered. There is also a high possibility that some assets would never be found, remaining hidden forever. This is not an unusual situation as it has been reported that there is RM42 billion of unclaimed assets in existence.
When there is risk, it means there is potential for a loss. There are five ways to deal with risk.
Insurance is an important component of any financial plan. An insurance program should be part of your plan to protect against the risk of unexpected financial losses. With insurance, you transfer the risk to another party. That party bears the risk (potential loss) that you are protecting yourself against. Without insurance, you retain the risk (potential loss) within yourself.
However, there are so many types of insurance, how do you know which one to buy? The best insurance is the insurance you need. Hence, you need to first understand what your risks are. Then you can seek for the suitable type of insurance to transfer your risk. A Financial Adviser represents you to source for the suitable type of insurance based on your needs.
Proper loan cancellation insurance can help you meet your financial commitments should you become terminally ill, disabled or suffer a medical trauma. Normally, the sum assured decreases when your loan amount decreases.
Benefits:
The insurance policy is scheduled to decrease as you pay off your loan, be it a personal loan or a business loan. There are some savings in terms of the total costs because the costs to provide the insurance benefit to decrease every year with a steadily decreasing benefit.
Drawbacks:
If you take out another credit facility or refinance your home, the insurance policy won’t adjust for the new business loan amount or mortgage.
Considerations:
Make sure that you will only be carrying one mortgage on your home and that you won’t need to refinance your home. Also, make sure that you don’t need additional insurance benefit for other financial obligations. Otherwise, a level insurance benefits policy could be more suitable to ensure other financial obligations once your initial business loan or mortgage is paid off and you won’t need to purchase another life insurance policy at an elder age.
As parents, there are hardly any stronger aspirations than providing the best of everything for your children. It is the dream of every parent(s) to facilitate the best possible upbringing for their children and assure the best future for them. But whether the dream will be realised or merely remain as a dream have to cross the bridge of multiples realities. And for a proper plan to be in the place we need to take into account all the realities of the times that we are living in. Are you saving your children education fund in the correct way? Do ask yourself…
Is your existing planning the most effective and best suit your living standard while meeting your children education objective?
Everyone will retire one day. I believe many of us want to retire comfortably but not old.? If you work during your retirement, it should be because you choose to, not because you have to? Even if you are not a high-income earner, you could retire comfortably if you start early and know exactly what to do.The earlier you start, the bigger the nest egg you can prepare for your retirement.
How much money you will need to save for retirement will depend on your desired standard of living, your expenses and your target retirement age. Recent researches have shown that EPF monies shall not be enough for retirement. Assuming an inflation rate of 5%, do you know that to fund only your meals and petrol in 15 years time for a 20 years retirement shall costing you about RM310,000?
Retirement planning is a lifelong process. Getting started on your retirement planning today will help you put time on your side. Beginning to save for retirement at an early age is one of the biggest factors in ensuring success.
Does your life insurance policy still fit your life? Life is full of changes. With each change, your financial needs may evolve in ways you might not anticipate. A lot of people once they have bought insurance, it is tempting to put their insurance policies away and forget about them. It is important to routinely ensure your coverage still fits your circumstances and objectives. Information regarding the amount of insurance required should be determined for personal financial planning. One should list all the current insurance policies along with their coverage. Detailed information of self, spouse and child availing the life insurance policy should be kept on record. However, you should consider engaging a Licensed Financial Advisor for an impartial personal insurance policy review.
Probate is the legal process of administering a person’s estate after their death. If you have a last will and testament, probate will involve proving that your will is legally valid, executing your instructions and paying applicable taxes.
Having a clearly written will is one way to make the probate process easier on your loved ones. After all, your will doesn’t only specify who should inherit what. It also designates who you’d like to take care of your kids if both parents were to pass away, plus the executor who should fulfill the instructions in your will.
Legal proceedings often involve terminology that can be overwhelming when you’re already dealing with a lot. A few useful probate terms to know:
Whenever a person dies, his or her estate needs to be collected and managed. Estate administration involves gathering the assets of the estate, paying the decedent’s debts, and distributing the remaining assets. Without a basic understanding of the estate administration process, the whole experience can be pretty overwhelming. This section offers a number of resources on estate administration and executors. You’ll find articles on how to administer an estate, the treatment of debts after death, choosing the right executor, the duties of the executor, and much more. Choose a link from the list below to learn more about estate administration.