WHY SHOULD I HAVE MY ESTATE PLANNING DONE TODAY ?



Category : Estate Planning

Haven’t you heard about “so and so” passed away and their children is still waiting for the house ownership to be transferred? and how about  real life story about their “so and so” passed away unexpectedly at young age and leaving behind young children and non working wife who has no clue on how to claim the husband’s wealth?

So, what are you waiting for, still ?

Here are some simple reason WHY you should have your estate planning done today:

1. Having an Estate Plan Is Better Than None At All

To be blunt, death is definite and not limited by age. It can happen anytime and thus it is important to have our Will and Trust document done up the soonest as we acquire any assets. Assets include savings in the banks, when we purchase house, properties, cars, investment, shares etc. The earlier we have the document done up, the more secured our family members are. Anyway, the Will and Trust Document requires on-going review to keep it updated and relevant.

2. To ease the estate administration process 

Having a Will document in hand, it definitely help reduce the burden of our beneficiaries in running the administration works. With the Executor pre assigned per the Will document, it will also ease a lot of unnecessary time and cost when come to the estate administration.

3. Help Care For Heirs/  Relatives Who Can’t Care For Themselves

The Will and Trust document help provide security for our heirs, especially those who cannot reasonably be expected to care for themselves now or in the future. For example, young children, special needs children, parents of spouse who are not working and someone who has always been depending on us, be it financially or physically.

 

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4. It May Reduce Family Squabbling 

You see the importance and see the importance of minimizing conflict at  home. A comprehensive estate plan may reduce the risk of such conflict in the grief-ridden weeks and months following your absence. While this may not turn out to be your most enduring legacy, it’s sure to be a welcome relief for your loved ones.

5. It May Provide Protection From Creditors

Especially for those of you, business owners and entrepreneurs,  who have business set up, it is important to have your estate planning done using the right tools, to protect your family from the creditors.

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6. It May Provide Protection From Those Who Wish To Lay Claim To Business Interests Or Assets

Likewise, your estate plan can protect your business interests and assets from current or former business partners or investors. If you wish to keep your business interest or assets in your family, or in the hands of designated heirs to the enterprise, you’ll need to consult with a trust and corporate services provider with expertise in such matters.

7. It Provides Clear Execution Of  Your Wishes In The Event Of Incapacity

Your estate plan need not lay dormant until your death. Your plan should include a healthcare directive and power of attorney designation to ensure that your wishes are faithfully and competently executed should you become incapacitated or incompetent to make legally binding decisions.

8. It Places Responsibility For Your Assets In Capable Hands

Any comprehensive estate plan requires the designation of an executor or trustee — in some cases, more than one — to ensure that your assets are looked after and disposed of capably and efficiently.

So, above are 8 Simple Reasons why should you set up an Estate Plan today.

Well, the nice thing about setting up an estate plan is that you only need to do it once.  To take note, a proper estate plan requires on going review and maintenance as circumstances change, but the actual effort involved in creating the structure of your estate plan need only be expended once. Thereafter, you and your family are free to focus on the more enjoyable aspects of life together — knowing that, should the unthinkable come to pass, those who survive you will be well cared for.

 

For more details, get in touch with any of ERA advisory team members, today.

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Boleh Tak Tulis Wasiat Sendiri



Category : Estate Planning

Hari ini, ada client tanya “Boleh tak saya tulis wasiat sendiri, tanpa melalui Syarikat mana-mana?” Ini bukan kali pertama admin ditanyakan soalan ini, padahal, pernah beberapa kali ditanyakan “Kalau saya tulis wasiat sendiri pakai kertas dan pen dan kemudian simpan sendiri, boleh ke?” , ” Mesti kah melalui syarikat amanah untuk sediakan wasiat saya” … inilah antara soalan-soalan yang pernah ditanya.

 

 

HENDAK TULIS WASIAT SENDIRI, TANPA MELALUI SYARIKAT AMANAH?

 

Untuk mereka yang ingin menulis wasiat sendiri, tanpa melalui syarikat amanah, atau tanpa melalui wakil / ejen / perancang harta pusaka, anda boleh berbuat demikian jika anda:

 

  • ada KEPAKARAN mengenai undang-undang dan familiar dengan kriteria-kriteria yang diperlukan dalam dokumen wasiat yang diperlukan oleh pihak mahkamah. Ini adalah untuk memastikan dokumen yang ditulis sendiri tidak bertambah rumit semasa proses pentadbiran dan membazir masa.

 

  • sanggup mengambil RISIKO dokumen wasiat yang ditulis sendiri itu kalau dicabar oleh mana-mana pihak atau waris. Dengan tiada pengesahan oleh mana-mana pihak berkuasa, dokumen yang berkemungkinan tidak menepati kriteria boleh dicabar. Keadaan ini akan merumitkan keadaan, mencetus pergaduhan dan mengakibatkan kos yang tidak diingini.
    sanggup menghadapi RISIKO di mana waris masing-masing mengeluarkan salinan dokumen wasiat yang di-claim bahawa salinan mereka adalah tulisan arwah. Siapa yang boleh membuktikan kebenaran dan mana satukah dokumen yang original?

 

  • memastikan DOKUMEN WASIAT BERADA DALAM KEADAAN YANG BAIK, jelas, tidak terkoyak, tidak basah atau dirosakkan oleh serangga.

 

PRO & CONS TULIS WASIAT SENDIRI

 

Hendak tulis Wasiat Sendiri? cuba ambil masa untuk faham betul-betul kelebihan dan kelemahan jika anda tulis wasiat sendiri. Juga, dalam hal perancangan harta pusaka, terdapat pelbagai instrumen termasuklah wasiat, hibah, harta sepencarian, amanah, wakaf dan sebagainya. Anda perlu faham betul-betul fungsi bagi setiap instrument tersebut dan kenalpasti instrumen manakah yang sesuai untuk keadaan dan keperluan anda.

 

KELEBIHAN :

  • Free ! Since tulis sendiri, so PERCUMA, tidak perlu bayar kepada mana-mana pihak
  • Boleh ubah / update bila-bila masa (semasa hidup), tanpa sebarang caj

KELEMAHAN :

  • Ambil masa yang panjang untuk menulis dan memastikan isi kandungan mengikut kriteria yang diperlukan oleh pihak berkuasa, dan menepati hukum syariah

 

  • Perlu memastikan dokumen sentiasa disimpan dalam keadaan yang selamat, kering, baik dan tidak hilang. Pastikan pen atau dakwat yang digunakan tidak hilang warna atau kabur apabila dokumen diperlukan

 

  • Pewasiat perlu dapatkan Saksi-Saksi yang sah dan layak untuk mengesahkan sesi tanda tangan (Signing) dokumen

Untuk mendapatkan khidmat nasihat atau bantuan penyediaan dokumen wasiat anda, sila hubungi https://oldbackup.eraadvisory.com.my

 

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Estate Planning



Category : Estate Planning

It is a process of planning for smooth and efficient handling of assets so to protect, preserve and distribute one’s assets to his / her beneficiaries, be it during the lifetime or upon death that fulfill the plan and order of the owner.

No one client is the same as the other when come to estate planning. It is to be customised to meet the objectives of each clients. At ERA Advisory, we specialised in estate planning for both Muslim and non-Muslim estate and our aim is to provide cost effective and efficient manner to assist our clients in distributing their assets, without much delay and provide adequate income to the beneficiaries.

 

 

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