This is a proprietary designed comprehensive estate planning program to help Business owners like yourself. The following questions will help you clarify and crystalise your estate plan:
1. Who will collect from your company’s debtors?
2. Where to find the cash to pay-off your company creditors?
3. How to continue your company (sole proprietorship/partnership/Sdn Bhd)? Who will be able to take over?
4. What are your cash flow concerns? Where do you intend to find the cash?
5. What are the ownership/shareholding transfer issues?
6. Is it your worry that no one will speak for you (& protect your interest) in your company’s Board of Directors (BOD) when you are no longer in this physical world?
7. How do you ensure that your interest is protected as a major/minor shareholder if you die pre-maturely?
8. . How do you intend to extract & preserve the value of your business interest/shareholdings?
9. What will be a good price for your Executor to sell your company shareholdings?
10. Any outstanding unpaid taxes? Any under-estimation/declaration?
12. Where do you intend find the cash to settle the tax bills?
13. Who will represent you legally?
14. Who will execute your wishes / instructions?
15. Who do you want to benefit from your accumulated wealth?
16. Who will hold your assets on behalf until your children are ready to inherit?
17. Who will keep your Will? How to make sure the your Will can be found the moment you depart this physical world?
18. Are your life insurance policies under trust or non-trust section?
19. Who have you appoint as the trustee of your life insurance policy moneys? (Note: life insurer will pay policy claim to your appointed trustee only under FSA2023)
20. What happens when there is no surviving trustee at time of death claims? Eg. double tragedies (when both parents perish at the same time)?
21. SICK-DAYS – do you have enough to settle your last hospital & doctors’ bills?
22. Do you have enough to pay for your follow-up medical expenses?
23. Do you have sufficient income replacement if there is a long-term illness/disability?
24. Most of your unit trust Investment accounts will be frozen. How do you plan?
25. Your unit trust fund investment accounts will be claimed by creditors ( both personal & business ) first. Only the balance will be distributed to beneficiaries. How to plan?
26. Most of your bank accounts + safe deposit box will be frozen. How do you plan?
27. Will your bank OD facilities withdrawn & outstanding become payable? How do you plan?
28. Your outstanding loans & credit card balance become payable! How do you plan?
29. Personal guarantees you signed = your personal assets are immediately exposed to your creditors’ claims. How do you plan?
We are here to offer our expert help in your business estate planning. Simply give us a WhatsApp (Click on the green button on the right of the page)