Question: Hi, my name is Lex. I’m 20 years old and I’m studying for a business diploma in a local college. Recently, my dad passed on. During his funeral, I was greeted

by Jocelline Chee

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Can My Eldest Daughter Take Care of Her Sisters?

Question: Hi, I’m Auntie Kim. I have three daughters namely: Li Xia, Li Yun, and Li Li, where they are 22, 16, and 14 years old respectively. Li Xia has recently

by Jocelline Chee

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Should I Bequeath My Bungalow to My 3 Children?

Question: Hi, I’m Mr. Chou. I’m 60 years old this year. Presently, I reside in a bungalow unit in City Heights with Ai Ling, my wife and Nick, the youngest of

Can Your Wealth Last Three Generations?

There is a popular Chinese saying, which is: ‘富不过三代’. It literally means ‘Wealth does not last three generations and beyond’. The logic behind this stigma is illustrated with the first generation

How to Administer a Property owned by the Deceased as the Executor of His Will?

Question: Hi, my name is Bob. Lately, I received a call from Bill, my elder brother. From our conversation, Bill mentioned that he is writing a will where he intends to

Nomination of Life Insurance Policy to Girlfriend

Question: I had a relative. His name was Fred. He passed on lately due to an accident. During his funeral, Jackson, our friend who serves as Fred’s insurance agent was present and

4 Powerful Documents to Help Business Partners Set Up a Buy-Sell Trust

Question: Hi, we are Ben and Bobby, directors of BB Sdn Bhd, a company that we set up to operate a couple of well-known F&B outlets as franchisees. Ben owns 60%

How to Value Your Shares in a Company that is Run by You and Your Partner?

Question: Hi, my name is John. I run an IT store in a retail shop located at Damansara Jaya with Jack, my business partner under IT KING Sdn Bhd. I own

5 Things to Consider before Passing On Your Business to Your Child

Question: Hi, I’m Richard, a 60-year businessman who has been manufacturing tissue rolls in a factory in Melaka. The business is currently managed together with Jackson Lee, a partner who co-founded

by Jocelline Chee

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How to Prepare Emergency Funds via Formation of a Cash Trust?

Question: Hi, my name is Bob. I’m an audit manager working in an international audit and taxation firm based in Petaling Jaya, where my salary is RM 10,000 per month. I

by Jocelline Chee

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