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Estate Planning/ 遗产规划

Dec 19, 2014
Estate Planning/ 遗产规划
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When most of us think about estate planning, we are thinking about giving our assets to our spouse, children ,parents and
other loved ones after we die.However, sometimes, our intended beneficiaries just aren't able to handle an inheritance upon
age of 18.The first thing they might do is to quite school, buy expensive car & simply spend without thinking much since it is not
they hard earned money.  Example for the above article, a 16 year old teenager who won 190,000 pounds (more than 1 million Ringgit)
lottery is not mature enough to manage such lumpsum of money.Winning lottery is a nightmare to her.

Hence, having your executor write a lump sum cheque to directly your young beneficiaries is probably not a good idea. It would be probably far better to create a trust , let the trustee hold your estate for your young children until he/she reaches a more mature age, say age 25.Meantime, your trustee would use the money to pay your young children school fees, living expenses and other expenses you may specify in the trust.

Isn't it a better way to protect your estate & your beneficiaries?

当我们想到遗产规划时,我们就想到我们把财产给我们的配偶,子女,父母,挚爱等在我们离世后。然而,有时候我们的
受益人在他们18岁时没有能力继承遗产。当他们继承遗产时, 第一件事情想要做的,可能是放弃念书,去买名贵车开,花钱如流。
例如以上的个案。16岁英国女生突然中相当等于过100万马币大彩后, 财富反而带给她不幸。

因此, 遗产执行人把遗产直接交给年纪还不成熟的受益人也许不是很好的做法。成立信托,让信托人保管您还未思想成熟的受益人的
遗产直到比较成熟的年龄,例如25岁。同时,您的信托人可以从信托遗产支付他们的学费,生活费或其他费用可以在信托和约内说明。

这样做不是更能保护您辛苦累积的财富和您受益人?







Estate Planning/ 遗产规划

Dec 3, 2014
Estate Planning/ 遗产规划
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很多人以为,人死后,所欠的一切债包括欠税收局的税务一笔勾消。一个纳税人如果生前欠下税务,
税收局有权向遗产执行人追讨欠款。
执行人也有义务把税款缴清。然后从税收局获取清单后,
才可将剩余的遗产分配给受益人。否则,遗产执行人就必须对逝世的纳税人所欠税款负责。
所以,在有生之年,最好把税务管理妥当,以面祸延后代。



Many people think that all debts including the income tax outstanding will be written off when
a person passes away. It is totally wrong.
Inland Revenue Board (IRB) has the right to chase after
the outstanding income tax of a deceased income tax payer. Hence, estate executor has the
obligation to pay the outstanding income tax and obtain a clearance from the IRB before distribute
the estate to the beneficiaries. Failing to do so, the executor will be liable for the outstanding income
tax of the deceased income tax payer.

INSURANCE CLAIM

Nov 5, 2014
 INSURANCE CLAIM
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This claim cheque, RM42,563.18 was actually a suicide death claim 3 years ago. Initially the mother bought this insurance for the purpose of protection for her daughter who pursue her tertiary education alone in KL & always have to travel by public transportation. Never did the mother thought that her daughter ends her life in hostel due to study pressure. Commit suicide brought the heartbroken to the family.
Life will not come back. I felt sad too when presented the claim cheque to the mother.
 
Being a financial advisor, I propose to the mother who is risk averse that she can use this claim amount to buy a flat house and rent it out to collect Rental as if her daughter is giving her pocket money every month for raising her up. If she does not proper manage the money, very soon the money will be spent off.
 
Few months later, the mother called me up and told me that she had bought a flat house and manage to rent it out for RM400 as her passive income.
 
Although this claim cheque had done more than 3 years , the deceased mother  occasionally give me a greeting call and thanks me for helping her to submit ,follow-up and presented her the claim cheque and even the advice on proper manage the insurance money.
 
If you are sincerely helping the people and you will earn the respect from them.

You buy Insurance to protect your loved one, then who protect your insurance claim?

Oct 29, 2014
You buy Insurance to protect your loved one, then who protect your insurance claim?
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After the implementation of the Financial Services Act(FSA) 2013, the policy 
owners can no longer appoint himself as TRUSTEE, Under Para 5(1) of Sch 10, 
the nominees named by the policy owners will become trust policy if the
nominees are spouse or child or parent(s) if there is no spouse and child at the time of nomination. Any revocation of nomination or adding new nominees than spouse, child or parent(s), varying or surrendering the policy or 
assigning the policy as security must have written consent by them. 
If the relationshipbetween the policy owner and the nominee become sour, any policy amendment which requires his/her written consent become 
complicated/difficult to handle.For example, a bad relationship divorced 
couple, when policyholder wanted to remove the ex-spouse as nominee and 
change to newly marriage spouse as nomineehe/she has to get written consentfrom ex- spouse. How to solve this problem raised by the FSA?

Do you want to ensure the insurance claims are to be handled in a proper manner to provide protection, preservation and  distribution to your beneficiary and ultimately fulfill your intention of buying insurance? We provide 
solution for you.
金融服务法令在2013年实施后,保单持有人不可以再委任自己作为其保单信受托人,根据第5段附表101),如果保单持有人的提名人是配偶或子女,或父母(在没有配偶和子女下提名时),将被视为信托保单。任何撤销提名或增加新的提名人,更改或放弃该保单或指定保单转让,须经过他们书面同意。如果保单持有人和提名人关系变质,任何保单更改将变得更复杂,难以处理。例如:当离婚夫妻的关系恶劣,保单持有人想换掉前妻/夫,委任新的提名人,前妻/夫须书面同意更换提名人。在这样的情况下,这问题容易处理吗?要如何决解2013金融服务法令带来的问题?

您想保存和正确的分发保险理赔给受益人,最终实现你买保险的目的吗?我们提供您解决方案。

Financial & Estate Planning/ 遗产规划

Oct 20, 2014
Financial & Estate Planning/ 遗产规划
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The disappearance of MH370, the downing of MH17, air crash & gas explosion in Taiwan, Earthquake in Chna & outbreak of Ebola virus have made us realised how fragile & unpredictable life is.Hence, a well financial & estate planning is extremely important to protect our loved one.

MH370的消失,MH17不幸的被击落,台湾复兴航空坠毁, 中国地震,伊波拉传染病等事件,让我们感受到生命的脆弱与无常。正因此,一个良好的 财务与遗产规划保护我们所爱的人是非常重要的。

WILL NULL & VOID遗嘱失效

Oct 17, 2014
WILL NULL & VOID遗嘱失效
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A Singapore Lawyer was sued by deceased beneficiaries for Sing dollar $840,000 after the High Court declared the Will was null & void due to lack of one witness. This cause some of the will's mentioned beneficaries get lesser or nothing from the estate
一名星加坡律师被死者家属追讨新币84万,当法庭宣判遗嘱无效,因为遗嘱至少要有2名见证人,才算合法。由于遗嘱无效,造成遗嘱收益人获的少或没获得遗产。




Investment Planning(Local/Offshore fund)/ 投资规划(本地/离岸基金)

Sep 17, 2014
Investment Planning(Local/Offshore fund)/ 投资规划(本地/离岸基金)
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We provide a wide range of investment using EPF, Private Retirement Scheme (PRS), cash account by using wrap account features to develop a holistic & tactical approach to your investment portfolio including offshore investment for clients who seek to invest & grow their money out of the country. Ultimately to achieve  the investor investment goal & objectives.

Wrap account is wraps an investor's unit trust investment into a single online account. It has been widely available in developed country such as U.S, Austrialia ,Singapore etc.Benefits of wrap account for investors:

1) provide investor to construct right mix of funds from same and different fund houses as well.
2) provide lower sales charges of investment.
3) provide free unlimited switching between same & different fund houses as well to rebalance the               investors' portfolio through the investment and different economic cycles more efficiently.  
4) provide less administrative work & easier monitor using single consolidated statement.
5) provide transaction to be done online conveniently.
  
We are dedicated to help you achieve your financial goals & objectives as the lower sales charge provide the higher chances of your investment portfolio giving you positive return earlier.

Investment Planning(Local/Offshore fund)/ 投资规划(本地/离岸基金)

Sep 17, 2014
Investment Planning(Local/Offshore fund)/ 投资规划(本地/离岸基金)
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We provide a wide range of investment using EPF, Private Retirement Scheme (PRS), cash account by using wrap account features to develop a holistic & tactical approach to your investment portfolio including offshore investment for clients who seek to invest & grow their money out of the country. Ultimately to achieve  the investor investment goal & objectives.

Wrap account is wraps an investor's unit trust investment into a single online account. It has been widely available in developed country such as U.S, Austrialia ,Singapore etc.Benefits of wrap account for investors:

1) provide investor to construct right mix of funds from same and different fund houses as well.
2) provide lower sales charges of investment.
3) provide free unlimited switching between same & different fund houses as well to rebalance the               investors' portfolio through the investment and different economic cycles more efficiently.  
4) provide less administrative work & easier monitor using single consolidated statement.
5) provide transaction to be done online conveniently.
  
We are dedicated to help you achieve your financial goals & objectives as the lower sales charge provide the higher chances of your investment portfolio giving you positive return earlier.

Investment Planning(Local/Offshore fund)/ 投资规划(本地/离岸基金)

Sep 17, 2014
Investment Planning(Local/Offshore fund)/ 投资规划(本地/离岸基金)
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We provide a wide range of investment using EPF, Private Retirement Scheme (PRS), cash account by using wrap account features to develop a holistic & tactical approach to your investment portfolio including offshore investment for clients who seek to invest & grow their money out of the country. Ultimately to achieve  the investor investment goal & objectives.

Wrap account is wraps an investor's unit trust investment into a single online account. It has been widely available in developed country such as U.S, Austrialia ,Singapore etc.Benefits of wrap account for investors:

1) provide investor to construct right mix of funds from same and different fund houses as well.
2) provide lower sales charges of investment.
3) provide free unlimited switching between same & different fund houses as well to rebalance the               investors' portfolio through the investment and different economic cycles more efficiently.  
4) provide less administrative work & easier monitor using single consolidated statement.
5) provide transaction to be done online conveniently.
  
We are dedicated to help you achieve your financial goals & objectives as the lower sales charge provide the higher chances of your investment portfolio giving you positive return earlier.

Insurance Planning(Local/Offshore)/ 保险规划(本地/离岸)

Sep 15, 2014
Insurance Planning(Local/Offshore)/ 保险规划(本地/离岸)
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Insurance can be important component of your overall financial plan. Hence, what types of Insurance products & how much should be adequately covered to meet your financial protection needs should you sudden death/total permanent disabled/critical illnesses is very important. It is more than just buying an insurance plan.

Everyone places hope for future. But there are 2 things in our life that is unpredicted, one is sudden accident, another is serious illnesses. In addition, when we were born that moment, we are stepping towards death. Do you agree?

Buying life insurance cannot change your life but to prevent your life being changed!

So, what types of insurance should we buy?

每个人都把未来憧憬的很好,但人生有两件事情不能预测的,一个是意外的突然到来,一个是大病的不幸发生。另外,人从生下来那一刻,就在一步步走向死亡,不外呼就是两个偶然和一个必然,偶然就是意外和疾病,必然就是会老去,你赞同吗?

没买保险没出事,那是万幸;没买保险出了事,就是悲剧;买了保险没出事,那是幸福;买了保险出了事,就是庆幸。保险能做到:不出事锦上添花,出了事能雪中送炭。


买保险不能改变生活,而是防止生活被改变!那到底该买什么保险?

人因爱与责任买保险


 Have you ever wondered?

1)      By just putting a nomination, will it be sufficient?

2)      If you as a policy owner unfortunately suffered from total permanent           disabled (TPD), what will happen to your TPD insurance claim?

3)      What will happen to your insurance claim if your sole nominee is your         spouse, who predeceased or common disaster with you?

4)      What will happen to your insurance claim if your nominee is minor             child? He/she cannot receive your insurance claim directly due to the         incompetence (below age 18 and/or mentally/physically disabled).               Problem arises especially those policy owners who specially wanted             to exclude the ex-spouse or irresponsible spouse to receive the               insurance claim that was reserved for the children.

5)      If you want your siblings, relatives or parents (nomination after             married) to benefit from the insurance claim? How to make sure they           get it?
 
After the implementation of the Financial Services Act 2013, the policy owners can no longer appoint himself as TRUSTEE, Under Para 5(1) of Sch 10, the nominees named by the policy owners will become trust policy if the nominees are spouse or child or parent(s) if there is no spouse and child at the time of nomination. Any revocation of nomination or adding new nominees  than spouse, child or parent(s) ,varying or surrendering the policy or assigning the policy as security must have written consent by them. If the relationship between the policy owner and nominee become sour, any policy amendment which require his/her written consent become complicated/difficult to handle.For example, a bad relationship divorced couple, when policyholder wanted to remove the ex-spouse as nominee and change to newly marriage spouse as nominee.

Do you want to preserve and distribute your beneficiary's insurance
claim entitlement properly and ultimately fulfil your intention of buying insurance? We provide solution for you.


你有没有想过?
 
1) 只做保单提名人就足够吗了?

2) 作为保单持有人的你,如果不幸终生残废/神志不清,您的保险理赔金怎么办?

3) 如果您的唯一提名人是您的配偶,他/她比您先逝世或共同灾难? 保险理赔金怎么办?

4) 如果您的保险提名人是年幼子女(未满18/或有智障问题),保险理赔金怎么办?尤其是那些保单持有人想排除前配偶/不负责人的配偶领取他们留给孩子的保险理赔金?

5)  如果您想让除了配偶,子女或父母(在保单提名时无配偶/子女)之外的人受益? 要怎么处理?
 

金融服务法在2013年实施后,保单持有人不可以再委任自己作为其保单信受托人,根据第5段附表101),如果保单持有人的提名人是配偶或子女,或父母(在没有配偶和子女下提名时),将被视为信托保单。任何撤销提名或增加新的提名人
,更改或放弃该保单或指定保单转让,须经过他们书面同意。如果保单持有人和提名人关系变质,任何保单更改将变得更复杂,难以处理。例如:当离婚夫妻的关系恶劣,保单持有人想换掉前妻/夫,委任新的提名人,前妻/夫须书面同意更换提名人。在这样的情况下,这问题容易处理吗?

你想保存和正确的分发保险理赔给受益人,最终实现你买保险的目的吗?我们提供您解决方案。
 

Estate Planning/ 遗产规划

Sep 12, 2014
Estate Planning/ 遗产规划
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You work hard to provide better standard of living to your family & loved ones. So, have you ever wondered if you were forced to leave this world untimely, what will happen to them?

  We all know that death is certainty. It is a matter of when & how it happens. Hence, a well prepared estate planning is crucial during your life time if you wish to avoid your loved ones go through a very difficult time in their life upon your sudden demise especially those reply on your financial support such as your non working spouse, minors children & elderly parents etc.

   Common Problems arise upon sudden demise without estate planning done in advance :
   
1) What will happen to your family members/loved ones especially those who rely on your monthly
    financial support such as your non-working spouse, minor children, elderly parents etc.

2) If you have minor children, who shall be the rightful guardian to continue taking care of them should           you and your spouse not around?

3) Who shall be the rightful person to execute and administer your estate? Will they be any dispute                among the family members?

4) If you are a businessman, who shall be the rightful person to take over your profitable business?

5) Who are the rightful beneficiaries of estate including your joint name assets? What is the inheritance           percentage for each beneficiary? How long do they have to wait in order to inherit your estate? Can            they wait especially those who rely on your monthly financial support?

6) What cost is involved for the estate administration, etc?

    If you do not exercise your right to get your estate plan done, the LAW will decide for you whether you     like it or not.

    Think about it & take serious action to mitigate the risk of sudden demise if you have people you CARE FOR。It is never too early to get your estate planning done as we are unable to predict 
when the risk of life will come.


Problems of appointing individual as your estate executor

In theory, there is nothing wrong appoint a family member to be your estate executor. But based on the past experience, after the death of the testator (person who write the will),sometimes
the appointed executor may no longer getting along with the deceased beneficiaries.Communication is brokendown, tension risen and eventually family is at war over the estate of their loved ones.

It is always advisable to appoint a professional to act as executor rather than family members, it will reduce the likelihood of drama & chaos if the family relationship brokendown at the death of the testator. Although hiring a professional cost money, but it is a wise investment to make sure your wishes come true.

 


您辛苦赚钱的提供家人优质的生活品质。那您可曾想过,如果您被迫在不对的时间离开世间, 家人和挚爱要怎么办?

我们都知道死亡是必然的。只是我们无法预测它何时发生,如何发生。正因如此,如果您想要家人避免经历人生中的艰难时期,当您还健在时,做好事前遗产规划是必要的,尤其是那些需要依靠您生活的人,如配偶,年幼子女,年迈父母等。


没有事先做遗产好规划通常产生的问题:
 
1)您的家人要怎么样,尤其是那些需要依靠您经济上的支柱的家人?

2)如果您是生意人, 谁有资格接管您赚钱的生意?

3)如果您和配偶都不在了, 谁有资格成为您年幼子女的合法监护人,并继续照顾他们?

4)谁有资格执行与管理您的遗产?家庭成员会否因为委任管理人的人选而起争执?

5)谁有资格继承您的遗产,包括您联名的资产?每人可继承多少?他们须要等多久?那些依靠您生活的人,他们能等吗?

6)遗产管理牵涉什么费用?

如果您没有使用您的权益,法律将会替您作主,不管您喜欢与否。。。

正因为我们无法预测生命风险几时到来,做好遗产规划永远不嫌早。

委任个人为遗产执行人

理论上, 委任家庭成员为遗产执行人,没有什么不妥, 但根据以往的经验,在立遗嘱人过世后,有时候执行人和受益人的关系不是很好或变质,沟通破裂,情绪升温,没有帮法用中立的立场处理遗产。
 
建议最好聘请专业人士来担任遗产执行人,以减少争吵,混乱的局面。虽然聘请专业人士需要花钱,但它确实是一个明智的选择,以确保您的愿望得以实现。



Business Value Protection Planning/股东生意保值规划

Sep 11, 2014
Business Value Protection Planning/股东生意保值规划
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If you have been started business with your partners & the business is profitable, you should have an exit plan for your business to avoid creating problems to your family & your partners upon sudden demise or incapacity or  ill health. Having the Business Protection plan, it provides guarantee sale of the business at full & fair value at agreed pricing & smooth & quick transfer of the business sale process with no interruption of the business operations.

Common problems arise without proper Business Protection Plan: 

1) A new partnership is created due to the inheritance of shares/interest by the inexperienced heirs. Chances are    this new partnership may fail.

2) There is no pre-agreed price for any sale to take place when the heirs decided to sell to the surviving co-owners. As a result, it may take years to settle a transaction price. 

3) Some of the unqualified heirs may insist to be the directors of the company and be active in running the business. This may lead serious disruptions and disputes within the management.

4) It is possible that co-owner may decide to abandon the business and start their own due to disputes with the heirs. However, starting a business may take a lot of time & money.

5)Loss of profits & uncertainty about business future success.

Ask yourself:

1) If a co-owner dies today, can you work with his/her family members to run the business?
2) Will the co-owner's family members know how to run the business with you?
3) Can they work well with you?
4) Would your beneficiaries able to get a fair price?
5) Do you able to buy out the co-owner's shares/interest from the family members where there is no pre-agreed price in a written agreement?
6)Can the shares you are purchasing be able to transfer quickly to you?

How can you protect your hard work in building your business in the event of the above issues happen?


如果您已经和您的生意伙伴一起经营生意有一段时间以上,生意是有盈利的。您就应该有一个退出计划,以避面您的生意在您或您的生意伙伴突然死亡/丧失工作能力或健康欠佳时产生问题。股东生意保值规划提供了企业的保证与合理的售价,并确保企业股份买卖过程快速,顺畅,及不影响企业日常运作。
 
没有妥善规划所引起的问题
 
1。 股份/利益被经验不足的后代接手,导致新的合伙生意失败。
 
2。 当后代决定售卖股份于其在世的生意伙伴时却发现事先没有列明同意的售卖价。这可导致双方多年     的时间达成同意的售卖价。
 
3。 一些不符和资格的后代可能坚持成为公司董事并参与业务的运作。有时候严重影响业务上的管理。
 
4。 如果生意伙伴和后代无法达成一致的意见,他们有可能放弃有关生意并开始自己的生意,另起灶       炉。但是,开始新的生意需要时间与金钱。
 
5。 业务亏损和对未来成功性不确定。

请试问您自己:


1. 如今您的生意伙伴过世了,您能和他的家人一同经营有关生意吗?
 
2. 您生意伙伴的家人有足够能力和您一起经营有关生意吗?
 
3. 他们能和您共事吗?
 
4. 您的受益人能获得公平的售价吗?
 
5. 如生意伙伴们没事先同意股份售卖价,您有足够的资金向生意伙伴的家人购买其股份/利益吗?
 
6. 您所购买的股份/利益可快速的转让给您吗?

 
 
您辛辛苦苦建立您的企业,您该如何保障它面受以上问题困扰呢?

Real scenario
Mr. A & Mr. B were childhood friends. They were business partners in manufacturing of stationeries.
Mr. A holds 60% & Mr. B holds the remaining 40%. Ever since they started, the business had grown by leaps and bounds. Annual profit estimated RM2million.The accountant indicated that the business should have a value in the range of RM10. Tragedy stuck. Mr. B died in an accident.


Although Mr. B had written his will during his life time, giving away his shares of the business to his wife & children and thought that the company share would be sufficient for the expenses of the family members.

After Mr. B pass away, Mrs. B wishes to dispose her shares of the company to Mr. A.  Mr. A turn her down, because he had already control and run the business. When Mrs. B wish to dispose the shares of the company, but there was no outsiders willing to buy her shares. She pleaded Mr.  A to reconsider the purchase of the shares. Mr. A finally offers her RM500,000 only for the shares worth RM4 million. Mrs. B had no choice but to accept a big loss in value.
 
现实个案:

先生和B
先生是儿时的玩伴。他们一起成立了制作文具的工厂。A先生拥有60%股份,而B先生持有40%股份。公司成立至今,生意蒸蒸日上。年盈利达2百万。B先生不幸意外过世。
 
虽然B先生生前立了一份遗嘱给她的妻小,并认为他留下来的生意足够照顾家人的生活费。也相信他相识多年的A先生不会过河拆桥。
 
B先生过世后,B太太想把股份卖给A先生,却被拒绝。A先生已经完全掌握公司的运作。在没有外人愿意买下她的股份后, B太太只好请求A先生重新考虑购买其股份。A先生最后只出价五百千买下市价4百万的股份。B太太只好无奈接受
 
 

Insurance Planning/保险规划

Jul 31, 2014
Insurance Planning/保险规划
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Everyone places hope for future. But there are 2 things in our life that is unpredicted, one is sudden accident, another is serious illnesses. In addition, when we were born that moment, we are stepping towards death. Do you agree?
Buying life insurance cannot change your life but to prevent your life being changed!

So, what types of insurance should we buy?

每个人都把未来憧憬的很好,但人生有两件事情不能预测的,一个是意外的突然到来,一个是大病的不幸发生。另外,人从生下来那一刻,就在一步步走向死亡,不外呼就是两个偶然和一个必然,偶然就是意外和疾病,必然就是会老去,你赞同吗?

你没买保险没出事,那是万幸;没买保险出了事,就是悲剧;买了保险没出事,那是幸福;买了保险出了事,就是庆幸。保险能做到:不出事锦上添花,出了事能雪中送炭。

买保险不能改变生活,而是防止生活被改变!那到底该买什么保险?

人因爱与责任买保险

股东生意保值规划/Business Value Protection Planning

Jul 30, 2014
股东生意保值规划/Business Value Protection Planning
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If you have been started business with your partners & the business is profitable, you should have an exit plan for your business to avoid creating problems to your family & your partners upon sudden demise or incapacity, ill health. Having the Business Protection plan, it provides guarantee sale of the business at full & fair value at agreed pricing & smooth & quick transfer of the business sale process with no interruption of the business operations.

Common problems arise without proper Business Protection Plan:

1) A new partnership is created due to the inheritance of shares/interest by the inexperienced heirs. Chances are    this new partnership may fail.

2) There is no pre-agreed price for any sale to take place when the heirs decided to sell to the surviving co-owners. As a result, it may take years to settle a transaction price.

3) Some of the unqualified heirs may insist to be the directors of the company and be active in running the business. This may lead serious disruptions and disputes within the management.

4) It is possible that co-owner may decide to abandon the business and start their own due to disputes with the heirs. However, starting a business may take a lot of time & money.

5)Loss of profits & uncertainty about business future success.

Ask yourself:

1) If a co-owner dies today, can you work with his/her family members to run the business?
2) Will the co-owner's family members know how to run the business with you?
3) Can they work well with you?
4) Would you beneficiaries able to get a fair price?
5) Do you able to buy out the co-owner's shares/interest from the family members where there is no pre-agreed price in a written agreement?
6)Can the shares you are purchasing be able to transfer quickly to you?

How can you protect your hard work in building your business in the event of the above issues happen?


Real scenario
Mr. A & Mr. B were childhood friends they were business partners in manufacturing of stationeries.
Mr. A holds 60% & Mr. B holds the remaining 40%. Ever since they started, the business had grown by leaps and bounds. Annual profit estimated RM2million.The accountant indicated that the business should have a value in the range of RM10. Tragedy stuck. Mr. B died in an accident.


Although Mr. B had written his will during his life time, giving away his shares of the business to his wife & children and thought that the company share would be sufficient for the expenses of the family members.

After Mr. B pass away, Mrs. B wishes to dispose her shares of the company to Mr. A.  Mr. A turn her down, because he had already control and run the business. When Mrs. B wish to dispose the shares of the company, but there was no outsiders willing to buy her shares. She pleaded Mr.  A to reconsider the purchase of the shares. Mr. A finally offers her RM500,000 only for the shares worth RM4 million. Mrs. B had no choice but to accept a big loss in value.
 
A 先生和B
先生是儿时的玩伴。他们一起成立了制作文具的工厂。A先生拥有60%股份,而B先生持有40%股份。公司成立至今,生意蒸蒸日上。年盈利达2白万。B先生不幸意外过世。
 
虽然B先生生前立了一份遗嘱给她的妻小,并认为他留下来的生意足够照顾家人的生活费。也相信他相识多年的A先生不会过河拆桥。
 
B先生过世后,B太太想把股份卖给A先生,却被拒绝。A先生已经完全掌握公司的运作。在没有外人愿意买下她的股份后, B太太只好请求A先生重新考虑购买其股份。A先生最后只出价五白千买下市价4百万的股份。B太太只好无奈接受

Retirement Planning/ 退休规划

Jul 24, 2014
Retirement Planning/ 退休规划
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Will I be able to retire? How much do I need for retirement? Everyone should plan their retirement in advance especially when they are still young in order to be able to retire comfortably as retirement requires taking serious planning & years of persistence.

Business Value Protection Planning/股东生意保值规划

Jul 23, 2014
Business Value Protection Planning/股东生意保值规划
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If you have been started business with your partners & the business is profitable, you should have an exit plan for your business to avoid creating problems to your family & your partners upon sudden demise or incapacity, ill health. Having the Business Protection plan, it provides guarantee sale of the business at full & fair value at agreed pricing & smooth & quick transfer of the business sale process with no interruption of the business operations.

Common problems arise without proper Business Protection Plan:

1) A new partnership is created due to the inheritance of shares/interest by the inexperienced heirs. Chances are    this new partnership may fail.

2) There is no pre-agreed price for any sale to take place when the heirs decided to sell to the surviving co-owners. As a result, it may take years to settle a transaction price.

3) Some of the unqualified heirs may insist to be the directors of the company and be active in running the business. This may lead serious disruptions and disputes within the management.

4) It is possible that co-owner may decide to abandon the business and start their own due to disputes with the heirs. However, starting a business may take a lot of time & money.

5)Loss of profits & uncertainty about business future success.

Ask yourself:

1) If a co-owner dies today, can you work with his/her family members to run the business?
2) Will the co-owner's family members know how to run the business with you?
3) Can they work well with you?
4) Would you beneficiaries able to get a fair price?
5) Do you able to buy out the co-owner's shares/interest from the family members where there is no pre-agreed price in a written agreement?
6)Can the shares you are purchasing be able to transfer quickly to you?

How can you protect your hard work in building your business in the event of the above issues happen?



Business Value Protection Planning/股东生意保值规划

Jul 23, 2014
Business Value Protection Planning/股东生意保值规划
View Full Size
If you have been started business with your partners & the business is profitable, you should have an exit plan for your business to avoid creating problems to your family & your partners upon sudden demise or incapacity, ill health. Having the Business Protection plan, it provides guarantee sale of the business at full & fair value at agreed pricing & smooth & quick transfer of the business sale process with no interruption of the business operations.

Common problems arise without proper Business Protection Plan:

1) A new partnership is created due to the inheritance of shares/interest by the inexperienced heirs. Chances are    this new partnership may fail.

2) There is no pre-agreed price for any sale to take place when the heirs decided to sell to the surviving co-owners. As a result, it may take years to settle a transaction price.

3) Some of the unqualified heirs may insist to be the directors of the company and be active in running the business. This may lead serious disruptions and disputes within the management.

4) It is possible that co-owner may decide to abandon the business and start their own due to disputes with the heirs. However, starting a business may take a lot of time & money.

5)Loss of profits & uncertainty about business future success.

Ask yourself:

1) If a co-owner dies today, can you work with his/her family members to run the business?
2) Will the co-owner's family members know how to run the business with you?
3) Can they work well with you?
4) Would you beneficiaries able to get a fair price?
5) Do you able to buy out the co-owner's shares/interest from the family members where there is no pre-agreed price in a written agreement?
6)Can the shares you are purchasing be able to transfer quickly to you?

How can you protect your hard work in building your business in the event of the above issues happen?



立遗嘱服务!免费咨询!

Jul 21, 2014
立遗嘱服务!免费咨询!
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您立了遗嘱吗? 为何要先立遗嘱? 提早立下遗嘱有什么好处? 欲了解更多详情,请致电: +6013-7729772 (Jess Lim)

financial & estate planning in johor bahru

Jul 16, 2014
financial & estate planning in johor bahru
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johor bahru financial & estate planning

新山财务与遗产规划服务


pls call :
jess lim  +6013-772 9772 

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