Your Inheritance: Creditors or Family First?
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DATE
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SATURDAY, 7 AUGUST 2021
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Title | Your Inheritance: Creditors or Family First? |
Webinar Details | When it comes to inheritance of your assets, your family and loved ones should always come first, but:
Who will be responsible for the debts you leave behind?
Join us for an exclusive session to discuss on the effects of debts & Tax Laws on your estate with our guest speaker Jayden Chen, UK Barrister-at-Law and International Speaker. |
Host | Reon Su
Team Lead, Product Sales Specialist Standard Chartered Bank Malaysia |
Speaker(s) | Jayden Chen
UK Barrister-at-Law International Speaker |
Registration Link | https://primetime.bluejeans.com/a2m/register/dvxatbxx |
Post event Key Takeaways |
We hope our webinar on the topic of estate planning and distribution last weekend provided both insightful and beneficial information to you.
Our guest speaker, Jayden Chen shared his view and expertise on the effects of debts and Tax Laws on your estate.
In case you missed it, here are the key takeaways: 1. When a person is deceased, who is responsible for the deceased’s debts and taxes? • The executors are responsible to pay off the estate’s outstanding debts and taxes and will be held personally liable if they distribute the estate to beneficiaries without first ensuring that all creditors are paid in full.
2. How will outstanding debts and taxes affect your estate distribution? • Actual value of the estate distributed to beneficiaries may reduce significantly after paying off all the outstanding debts and taxes.
3. Life insurance and EPF are protected from creditors
Life Insurance:
Employee Provident Fund (EPF):
4. How can insurance help in estate planning?
Creditor Proof
Faster Distribution
Multiplier Effect
You can watch the webinar playback below and discover the written responses from the speaker for popular questions posted during the event HERE. |