Completing the Financial Cycle of Life

Awwww man, my first post here at the site and i have to talk about death?

Anyway depending on how you see this, death of someone is a start of a new life for another; it could be our daughter, our spouse, our parents, our love ones and many more. But straight to the point, we have all been fooled by the fact that HK dramas have done to our perspective about legacy planning and why it's only for the rich. It's not!

How many of you have watched this? Omg the dramas of HK TV shows and their complicated family tree!!!!

Of course over the internet and dictionary "Estate Planning" is defined as this - the process of planning how you want your estate (i.e. all the assets you have at the point of death) to be managed and transferred after your death.

Actually, as long as you have something to leave behind for your family or love ones, you have a reason to write a will to instruct the law to process your belongings and distribute them according to your living wishes.

And another myth is "Must i do up my will with a Lawyer?" Truth: No! There're tonnes of estate planners out there like myself whom individuals or entities (like corporate companies) can speak to on advices like possible beneficiaries, executor for their wills, structure for their wills and trust setup for company or young beneficiaries, appointing their guardians, setting up living trust and etc etc, alot can be done at a much more affordable costs and tips to tap unto their expertise so that your instructions for asset distribution is fulfilled when the client is not around anymore.

So the next few blog posts i'll address the common FAQs, the law that's in place for you if you do not have a will and many more interesting questions and scenario when the final wishes of a person is challenged, and whether who or what could possibly be a roadblock towards your asset distribution.

But first, let's see what the law says about individual without a will, how will they distribute your assets when they passes on:

After attending the Wills Planner Course from SimplyWills

And i'm glad i went as a refresher because i was a certified Rockwills Estate Planner in 2014 but i didn't renew the license due to the exorbitant licensing fees and here i found SimplyWills offering a much affordable rate for referral to my existing and new clients, and at the same time, a much faster turnaround time - one appointment to will setup and great advise by their will writer (Mr. Patrick).

Spot me at the top right hand corner of the group =)

Glad to take any burning questions about Wills & Estate planning, do drop us your questions via our social media platforms or the contact form available, or even comment below so we can help many others to understand how we can use Estate Planning tools to our advantage to keep our family wealth intact and depart gracefully when time is up. =)