Category: Uncategorized

Simple Will – Residuary Clause

Met a friend few days ago for a casual coffee and discussed about preparation of his Will.

It is true that Will can be very simple, but we still need to give enough consideration to details.

Residuary Clause

This is a clause that addresses what ever our estate not mentioned specifically in our Will. It also addresses asset that we may acquire after we have prepared our Will. But we would like to highlight the following 2 conditions:

  1. The transferability to our beneficiaries. Example – movable asset like car, can we actually equally distribute to our beneficiaries? Can one vehicle being registered to 2 owners?
  2. I will say this is classical example. 2 acres of Agricultural Land distributed to 5 siblings. Technically each own 1/5 of the 2 acres. The problem arises when one group want to sell the land while the other group want to hold it longer. Can it be subdivided?

When one part of the Will cannot be executed, there will be difficulties in executing the whole Will.

Yes, we do provide Estate Planning service. Feel free to contact us for appointment.

Email : ask@ethanteh.com
WhatsApp : https://wa.link/obbss8

    What is Stopping Us from Achieving Our Goals?

    If you are a follower of this blog or Facebook page, you might notice that I have recently changed our tagline. I am writing to record the reasons of this change.

    This is a write up to share the change in my view about financial planning after more than 9 years in this industry. It has also been 3 years since I moved from Insurance Agency and Unit Trust Agency to join an Independent Financial Adviser Firm (Money Sense Advisory Sdn Bhd). With that I gained access to products from almost every Insurance Companies in Malaysia, I also gained access to almost all Unit Trust Funds available, even offshore investment vehicles and many other financial services/products.

    Continue reading “What is Stopping Us from Achieving Our Goals?”

    6 months Moratorium – Updates from Banks

    Updates from Banks including Opt Out Option

    After our discussion about the 6 months loan repayment deferment announced by Bank Negara Malaysia (BNM) in our previous post, we found that many banks have their own dedicated web page for COVID-19 related measures.

    List of Links

    Continue reading “6 months Moratorium – Updates from Banks”

    Malaysian Life Insurers SPECIAL AID for COVID-19

    Various Life Insurers in Malaysia have rolled out SPECIAL AID while Malaysians are combating COVID-19. We have compiled information for your reference.

    For a clearer PDF copy, you could download from the link below : https://ethanteh.com/wp-content/uploads/2020/03/Covid-19-Special-Aid.pdf

    Lady Specific Insurance – Do you really need it? ~ Gimmick or Necessity?

    The insurance product is getting more complicated while it is already very confusing for many. Lady Specific Insurance is one of it. So, is it a necessity or rather just a gimmick from insurance company?

    While I was “researching” to get more information about Lady Specific Protection plan, I found this article on Focus Malaysia and I believe it has addressed those issues that I thought of highlighting. Hence, I am sharing this article while adding some opinion of mine.

    Original article : Lady’s insurance – gimmick or necessity?(http://www.focusmalaysia.my/Income/lady-s-insurance-gimmick-or-necessity)

    Few points as highlighted in the article:

    1. Overlapping Benefits

    Most of the event has been covered by Critical Illnesses Plan and others like snatch thief, kidnapping & etc would had been covered by Personal Accidents.

    2. Reconstructive Surgery

    Yes, it will not be covered by most of the Hospitalisation & Surgical Plan (Medical Card), but again, you will get lump sum payment from Critical Illnesses Coverage or Personal Accident Coverage.

    3. Special Events

    Cash Payout for special events such as marriage, child birth & etc. This would be more to a “feel good” as the amount may not be significant in most of the cases. But maybe some will feel it is better than none.

    4. Pregnancy & Maternity Benefits

    This may be the one fine part of the Lady Specific Protection Plan that makes the most sense of all. – Maybe this is the part that should help you to really decide whether you need a Lady Specific Protection Plan.

    In conclusion, Lady Specific Plan is more to a luxury option. Everyone should be well planned for the four core segment of Personal Insurance (Death, Hospitalisation, Critical Illnesses & Personal Accident) before considering this extra option.

    Yes, many may not agree with this. Feel free to provide your opinion.

    Feel free to email us to discuss further : ethanteh@moneysense.com.my

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