5 stages to Islamic Estate Distribution There is assumption that for Muslims, it is no need to do estate planning since their estate is already covered under the Faraid law of inheritance. This assumption is questionable and incorrect because under the Probate & Administration Act 1959 (revised 1972) all deceased [...] Read more
5 stages to Estate Administration Stage 1. File petition of the appointment of Personal Representatives First thing in the estate administration process is to locate ther important papers related to the estate, such as Will, burial memorial instructions, Trust documents etc. Study the estate documents in front of the family […]
3 steps to business succession planning Step 1. Clarify your business needs by looking at the 5 factors to consider in your exit strategy planning. Evaluate : Your business future potential Your financial liquidity needs Your future role in the business Your industry business outlook Your investors / funders expectation […]
Deciding factors on exit planning Factor 1 : Your business future potential If your business has strong growth potential, solid trade name or branding, you may want to choose an exit strategy that allows you to retain an ownership interest to participate in the company’s future growth. Acquisition strategy – eliminate […]
Next Opportunity : ASEAN Economic Community (AEC) ASEAN is a diverse and economically dynamic grouping of 10 Asian countries, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myammar, Philippines, Singapore, Thailand, Vietnam. The ASEAN Economic Community (AEC) is envisioned to be the realization of ASEAN economic integration by 2015. Under the tag […]
How should I construct my portfolio? These are the suggested steps you can set up for investing success: Step 1. Decide on your asset class mix Start with “110-your age” rule to put the percentage in equities/shares. So if you are 40, put 70% (110 minus 40). If you would […]
Know your investment asset classes Investing in different asset classes is a good way to reduce risk. By spreading your funds across different asset classes you remove the risk of putting all your eggs in one basket – i.e. the risk that you will choose the wrong asset class at […]
How your travel trip is covered ? In event of travel-related accidents, losses or interruption happens, here are the elements of your travel insurance to recover the loss arising from : Type Covered Elements Description Travel Insurance Policy Personal accident cover for death and total permanent disablement Medical and related […]
Types of Property Insurance Contracts Property policies are in general being classified into 3 major types. Type Features Usage Basic Fire This policy provides the entry level coverage : Loss or damage to building due to fire, lightning or explosion caused by gas used for domestic use Most basic cover […]
Types of Motor Insurance Contracts Motor policies are in general being classified into 3 major types. Type Features Usage Comprehensive Cover This policy provides the widest coverage, i.e. it covers : bodily injuries or death caused to other persons(known as 3rd party) third party property loss or damage and loss […]