你是想变得富有还是保证你永远不会贫穷？
Would you like to be just rich or guarantee that you never be poor?
Q: WHY DO I NEED ESTATE PLANNING?
The majority of people assume they don’t have an estate and therefore they don’t need an estate planning.
But if you own a car, house, jewels, some money in the retirement fund, or even life insurance then you have assets you need to protect, plan and pass on to your loved ones.
An estate plan is especially important if you have children who are minors and /or other dependents. Have you also considered these other major concerns?
1. Who will take care of your children if something happens to you
2. How can you ensure that the needs of the elderly are taken care of
3. Who will manage your home and business affairs if you become incapacitated?
Q: HOW DO I DO THIS?
You can meet your estate planning goal by creating a TRUST and a WILL or a combination of the two, you will have gone a long way in providing for your loved ones future when you are not there.
Q: BUT WHY DO I NEED A TRUST AND/OR A WILL.
LET US ANSWER THIS BY SEEING WHAT HAPPENS IF YOU PASS ON WITHOUT A TRUST OR A WILL.
If you pass on without a TRUST or a WILL, there will be repercussions:
Your assets will be frozen for 2-3 years or more
Your estate will need to obtain letters of administration before it can be distributed, again a waiting period of 2-3 years.
It will not be distributed according to your wishes but in accordance to Distribution Act 1958 and in case of Muslim estate will be in accordance with Syariah Law.
There will be no privacy but will be public knowledge
Your loved ones will be left with the NIGHTMARE,HARDSHIP AND BURDEN of Obtaining Letters of Administrations and then the even more difficult task of distributing the assets
But with a TRUST and/or a WILL, none of these consequences will arise.
Q: WILL OR TRUST?
Most people need BOTH.
Trust may serve several purposes. A big advantage of a TRUST is that it is set up and can take effect during lifetime and generally the best strategy to avoid the delays of obtaining the letters of probate and protect your financial privacy.
You need not create a Trust of entire assets but may select and choose and you may change your instructions as you deem necessary. It is also designed to provide for minor children while you are alive. In other words there is continuity from the moment of your demise.
WILLS names the heirs of your estate i.e. family members, friends and /or charities and it stipulates how your property is to be distributed upon your demise.
Here your entire estate will be distributed to your beneficiaries in accordance to your wishes.
Q: WHAT IS A TRUST AND WHY IS TRUST IMPORTANT?
In many estate plans, the Trust is the central tool that is used to control and manage property.
A Trust is created while you are alive or as part of a Will and continues despite your incapacity or your death.
A Trustee can be an individual or a Trust Corporation is appointed to administer such assets as you wish for you and/or your beneficiaries in your lifetime and upon your death.
A Trust Deed determines how a Trustee is to act with respect to the Trust estate.
A Trust can also determine how property is to be distributed after your death as per your instructions.
A Trust is thus one of the major estate planning tools used for your property so that court interference in the event of incapacity or death can be dramatically reduced if not completely eliminated.
Q: WHEN SHOULD I CREATE A TRUST?
The only time that you can prepare and implement a Trust and an estate plan is while you are alive and have legal ("mental") capacity to enter into a contract.
The best time to discuss the need for a Trust as part of a comprehensive estate plan and create a Trust is NOW.
Q: WHAT IS A WILL?
A Will is an essential part of planning for the future.
A Will is a document that designates how you wish your property will be distributed among your family relatives, friends or charities upon your demise.
Your Will is also the document where you will identify people for important roles such as guardian, executor, trustees and etc.
A Will may contain a Trust especially if you have minor children.
The main difference between a Will and a Trust is that the Trust can take effect while you are living and no application to court is needed to give effect to it while you are alive or deceased.
Whereas a Will only takes effect upon your death and an application to court for Probate is necessary.
Q: WHY IS A WILL SO IMPORTANT?
Only a properly written and up to date Will can guarantee that your instructions will be known and followed after your death.
It is legal record of your wishes.
If you do not write a Will, the state law DISTRIBUTION ACT 1958 determines what happens to your wealth which may not be consistent to your wishes and goals
To ensure your wishes will be carried out it is imperative that you write a WILL.
Q: WHO NEEDS TO SET UP A TRUST AND /OR WRITE A WILL?
Anyone who has assets or come into assets and has loved ones and/or dependents needs to set up a Trust or prepare a Will.
Perpetual Trustees also offers Syariah compliance Trust Account for the Muslims
Q: WHAT CAN I DO IF THE DECEASED HAS NOT MADE A WILL OR A TRUST?
• SIMPLE! Appoint PERPETUAL TRUSTEES
• We will take away all your hassle and trouble of applying for Letter of Administration and the distribution of your assets.
• Our experience in this area will not only save your time and money but we will relieve you of a great responsibility and stress in the administration of your entire estate.
As for the administration of Muslim estate, Perpetual Trustees will administer these in accordance with Syariah Law.
DOING NOTHING IS NOT AN OPTION!
Please do not hesitate. Call us NOW