Inheritance Tax - Malaysia ada boh?

TALK of a new tax called the inheritance tax being introduced in Budget 2018

You might say, isn't it Budget 2018 already announced? Isn't it there's no inheritance tax in Malaysia?! What you want to say about it?

Well, we know it is not in Malaysia now. But, it had been implement here before 1991 and many developed countries are implementing this tax NOW.

Who know when will it coming back to us?
Get to know about it from now will be better than hectic when the time comes.

Sad, but real case. Please read!

Below is a news-cutting of one of the common cases happening every here and there, and no matter what race or gender is.

Would you like to see if someday your mum or dad is filing law suit against your own child?

Would you like to see the your family members are no longer loving each other from their heart, but just to fight for the estate?

The 85-year-old filed the suit through Messrs Wan Marican, Hamzah & Shaik at the High Court registry on Jan 31.


She has filed suit against her two grandchildren for not disclosing they are the trustees of their father’s estate, said to be worth RM1.3bil.

Aminah claimed her two grandchildren failed to state the value of each of the three shares worth RM1,384,312,154 two years and six months after her son’s death and failed to give information relating to the estate before she appointed a syarie counsel to act for her.

The defendants were also said to have failed to include an apartment in the United States, worth RM10mil, in the list of assets that was attached to the letters of administration.

Jamaluddin was killed in a helicopter crash on April 4, 2015.

Read more at: https://goo.gl/Gx82am

CONTACT ME NOW: 016-6825195

What is Residual Clause?

I had been reviewing clients' Will, and found out some of their Will do not have the Residual Clause!!!
What a shock to the testator when I tell them their Will are incomplete!

The purpose of Residual Clause is to cater for assets that are not specifically mentioned in a Will. A properly written Will MUST have a residual clause.

Why is this important?

Save money now to Spend MORE money in future???

Many people like to ask "How much to do a Will?" instead of "How to protect my assets?"

Do you more concern about the asset you accumulate hardly for the whole life or just to concern about the few hundreds or perhaps few thousands that needed to get a complete Will that can help you to protect ALL THE ASSETS you earned?

When should you Review your Will

Someone said, we recommend our clients to review their Will often is because we want to earn more. In fact, reviewing Will is for the testator's beneficiaries, not for us as estate planner. There's nothing for us to get from the estate.

Reviewing Will is to make sure you are leaving GIFTs for your loves, instead of leaving DEBTs and PROBLEMs for them.

遗嘱对谁最重要呢？

你立了遗嘱吗？
有钱人才需要立遗嘱吗？
我写了遗嘱可能看不到明天的太阳？

遗嘱对年轻的夫妻尤其重要，这样的家庭上有父母，下有孩子
万一有什么事情发生，谁去照顾他们的孩子？谁去照顾他们的父母？

我们要做的不是will writing
我们要做的遗产规划！

CONTACT ME NOW: 016-6825195

Source: 《全家私房钱》- 立遗嘱真的是有钱人的专利吗？听钱家爸妈怎么说！

Join-named assets just go to the joint holder?

I heard a lot of people saying, "No worry, I put join name for my bank account, my house, my safe deposit, etc. If I die hor, I ask my spouse quick quick take my money out only declare death lor"

Do you think this is the best way to make sure your money not to be frozen?
Is this the good way to distribute your asset?
Our country is more and more advance now, do you think you will be faster than government system?

There are 2 main ways assets can be co-owned, either Tenancy in Common or Joint Tenancy. In Malaysia, co-owned assets are almost always Tenancy in Common.

Let's assume that you open a join-named bank account with your spouse (or any other person) with

要管理什么？要怎样管理？

35-45岁阶段是人生财富增长最快的时段。在过去10年储蓄累积下，手头上的资本也具一定规模，思想上有较年轻时稳定，因此，在投资上能以更成熟稳定的资产配置提高投资率以为将来累积更多的财富。