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Tag Archives: will
When you die owing money…
I haven’t read a clearer story than this one from The Times. It’s so clear that I feel the need to share it with everyone I come across. The gist of the story is that your debts are never written … Continue reading
When an estate is too small…
Here’s a real life situation. Some years ago – maybe two years ago – I helped to write someone’s Will. The person wanted to appoint a Trust company as the executor despite being advised that a family member would probably … Continue reading
Posted in Rockwills & Estate planning
Tagged distribution, Rockwills & Estate planning, small estate, will
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The heartache of intestacy (people dying without Wills)
Not leaving a Will means leaving a heartache for a bereaving family, especially one that is unaware of the legal quicksand. Can you imagine a scenario such as this: a man died without having written a Will. All he owned … Continue reading
The probate, explained
This is interesting information on the Probate from The Times newspaper quite some time ago. Do note that the article is based on the laws of the United Kingdom and may not be totally applicable to your country of domicile. … Continue reading
Malaysian insurance laws under sections 166 and 167
Well, I learnt something useful today. I’m not an insurance person, so I’ve always found it very confusing when trying to deal with the types of nominations under the important sections 166 and 167 of the Malaysian Insurance Act 1996. … Continue reading
Posted in Insurance, Rockwills & Estate planning, Rockwills & Inheritance
Tagged administrator, executor, Insurance, Malaysia, Rockwills, section 166, section 167, trust, trustee, will
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All in a family
Members of a family helping in the business may inherit it when the family head dies but, without an agreement, there may be no legal rights to ownership. IT IS not uncommon in a small family business for other members … Continue reading
Estate administrator
Who has the right to administer the estate of a deceased? A PERSON making a will can direct how the inheritance is to be passed on. He may also name one or more executors and trustees to administer the estate. … Continue reading
Who has the right to administer?
The court has wide discretion in appointing an administrator for the estate of a deceased person. WHEN a person’s life comes to an end, he leaves behind – apart from many other things – assets and liabilities. Of course, an … Continue reading
Posted in Rockwills & Estate planning, Rockwills & Inheritance
Tagged administrator, estate, executor, intestate, probate, testator, will
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Protection for your loved ones
CHRISTINE Jacobs died seven years ago at 77. Though not wealthy, the retired teacher had a trunkful of family heirlooms that had been passed down for many generations. Jacobs had been terminally ill for years, but did not write a … Continue reading
Don’t be a homeless couple
Moral of this story: don’t be stupid enough to transfer the title of your house to your children during you and your spouse’s lifetime. SIN Chew Daily reports that an elderly couple in Singapore who gave up their duplex to … Continue reading