The News Straits Times, on 21st January 2007 reported on “RM400 billion of Unclaimed Asstes” ! Today this value of unclaimed assets have grown, due to the poor knowledge of Malaysians on the Importance of Writing a Will. Without a Will, families may go into arguements during wealth distribution process, incurr unnecessary legal cost, face long proceedings or the assets may end up in Unclaim Money Department. Have you ever thought of how your wealth can be transferred to next generation smoothly? Engage with one of our financial advisors to assist you on this!
If one is worried that their spouse or children is unable and inexperience to manage the inheritance, formation of Trust can be the solution! Trustees act and hold your assets on your behalf, and distirbute the wealth gradually over the stipulated period. This can avoid the wealth from being wipped off through poor financial management or spendthrift beneficiaries.