Planning what happens to your wealth when you are no longer here to enjoy it is something we only tend to do them once. Estate planning is the process of managing and administering the assets of an individual through the accumulation, conservation, and distribution phases of life in an effective and efficient manner according to the wishes to secure your financial peace of mind.
What is a Estate ?
The definition of Estate that most people commonly refer to is that of money or property left to a person by someone who has died. However, this is merely a financial inheritance.
A true Estate is far more personal. It is your unique story, built on your own values and encompasses your knowledge, experience and wisdom. This defines who you are as an individual and provides the basis for others to remember you by.
Rather than viewing Estate in the context of death, we should think about Estate in terms of living our lives.
What is Estate Planning ?
Estate Planning is a process which is designed to articulate, create, and implement a Wealth for Life Plan that is consistent with your values and wishes.
It incorporates your vision, with the strategic transfer of wealth and prepares your beneficiaries to receive their real inheritance and create a meaningful and lasting estate.
It is designed to capture the values of an individual and at the same time establish what they truly value in life.
Estate Planning is about learning from the past, living in the present and building for the future.
Why is Estate Planning so important ?
When a person passes away without estate, all of the person’s assets will be frozen! Estate planning helps address the estate distribution to be according to a person’s wishes in case of death, incapacitated, comatose, or missing.
Estate planning combines your emotional and intellectual wealth with your financial wealth. By doing this, you can provide your beneficiaries with the financial security that might otherwise be impossible.
As of February 2016
RM 60 Billion
left unclaimed by surviving family members of deceased Malaysians since Independence Day (1957). This number had grown from RM40 billion back in 2007.
Wills & Trusts
A Will is a legal document that gives instruction for the distribution of your assets after you’re gone.
But how do you determine if you need one and if it’s worth having?
Adeline Advisor has just completed our wills, and it was made very easy. Very quick and simple and great price too. We now have peace of mind that if anything bad happens, then all will be forted after we are gone. Thanks, Adeline Advisor.