Estate Planning (Part 1)

What is an estate planning all about? It is your plan on how your assets to be distributed effectively with the least troubles. Please note that writing a will is only part of the process. Most importantly, as life goes on, the will shall be reviewed and updated according to your estate plan. If a person dies without a will, DISTRIBUTION ACT 1958 (Amended in 1997) will be applied. In other words, estates will be distributed according to the ACT rather than own wish:

The Distribution Act 1958 (As Amended in 1997)

In Part 2, I will talk about the steps on preparing estate plan.