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.
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