5. Financial Planning for You
Priority
Estate Planning
Objective
- To distribute all essets efficiently
Purpose
- to distribute all assets to designated beneficiaries
Principle
- Nomination is documented for insurance and EPF
- Will is documented for immovable property (houses, buildings) and moveable assets (cars, shares, investments, etc).
QR for Will Writing
QR for Understanding and Faraid
How to achieve?
Consifer Making:
- Will, EPF and Insurance nomination
- Lasting Power of Attorney
Timeframe
- Medium-term goal is to achieve tax savings within one to three years.
- Medium-term goal is to manage all estates within one to three years
