 ESTATE PLANNING SERVICES |
| |
| |
| What is Estate Planning? |
| |
|
Estate Planning is all about empowerment. How do you want your assets distributed when you are no longer around?.... They are your assets. So, you decide!
|
| |
- Have you had your Will written?
- Is your Will kept in a safe place?
- Who can you trust to distribute the assets of your estate?
|
|
At OSK Trustees, we provide complete and comprehensive Estate Planning services all under one roof by covering all three components, namely Will-Writing, safe custody of Wills as well as executing the instructions in a Will and administrating the estate.
|
| |
 |
| |
| |
| Why is Estate Planning important? |
| |
|
Under the law, when a person passes away without a valid Will, all his or her assets will be frozen! Would you want your loved ones to go through a long, difficult and expensive process to receive your assets after you are gone? Or would you rather allow them to obtain their inheritance in the shortest possible time with the least inconvenience?...Your loved ones. Your choice!
|
| |
 |
| |
| The delay in unlocking the frozen assets of a person who passed on without leaving a valid Will (intestate) may be due to one or more of the following reasons: - |
| (1) |
Choosing an Administrator
The beneficiaries may not agree to the person intending to apply for the Letter of Administration. |
| (2) |
Valuing the Estate
A lot of time, manpower and other resources are required to identify, locate, collect, assess and value the assets of the deceased. |
| (3) |
Finding Two Sureties
The administrator must find two sureties to provide an administration bond equivalent to the value of the deceased's estate. |
|
| |
| There is nothing morbid about Estate Planning. The thought about death (especially one's own) is something most people prefer to evade, not realising that it would be far more reassuring to know that your money or property will be received by the people whom you want it to go to rather then by any unintended beneficiaries. Estate Planning is simply making the necessary arrangements as to the management of your estate and the distribution of your assets when you are no longer around. Through the use of Wills, trusts and other devices, a long delay in transfer and loss to the value of the estate due to administration costs and legal disputes could be avoided. |
| |
