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Passing on your property to the next gen.
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BEANCOUNTER
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Mar 20 2019, 04:18 PM
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Better just sponsor them the deposit when they are ready to buy lah.....
If your kid is char siew then just spend yr deposit in 1st keras fly around the world.
This post has been edited by BEANCOUNTER: Mar 20 2019, 04:19 PM
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BEANCOUNTER
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Mar 20 2019, 06:01 PM
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QUOTE(Bjorn1688 @ Mar 20 2019, 04:24 PM) What's the meaning behind char siew here? Useless kid
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BEANCOUNTER
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Mar 20 2019, 11:03 PM
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QUOTE(woolei @ Mar 20 2019, 07:37 PM) let write a will 1st, split equally https://www.rockwills.comIf you want to share equally np need to leave will. Spouse will get 50%, rest of children share 50%.
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BEANCOUNTER
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Mar 21 2019, 11:17 AM
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memang RICH PEOPLE problem all these wealth inheritance.
I only got rm7.00 from my grandfather when he passed on, more like angpo token than assets or cash...…..
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BEANCOUNTER
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Mar 21 2019, 11:20 AM
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QUOTE(woolei @ Mar 21 2019, 12:11 AM) no eh, if no will, it take longer time to claim for the asset.(approximate 9 month) if got will, the cost to execution is cheaper + faster. too bad it is in chinese http://www.enanyang.my/news/20170313/预...清楚越好/9 mths ok what.... you still need one year of grieving period rite????? takkan nak get whole of the wealth after coming back from crematorium????
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BEANCOUNTER
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Mar 22 2019, 09:40 AM
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Set up trust fund....
To me you dun have to.wait til yr last breathe b4 reassign yr wealth. Best to do before u passed. This way whoever inherited yr wealth can appreciate you more, also you can see their character before even u passed.
If you are JUST normal Joe, lagi easy. Reassigned property b4 you pass. I already asked my father to change name of the properties under his name to my sisters. The car is bought by me so its under my name. The rest like bank acc, my sister does have the pin number.
So when my father passed, perhaps we will get rm7.00 angpo from ny father just like my grandfather.
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BEANCOUNTER
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Jun 24 2019, 06:10 PM
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Wat happens if your mum passes on??
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BEANCOUNTER
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Jun 26 2019, 08:31 AM
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QUOTE(ch_kee83 @ Jun 25 2019, 12:16 PM) Thought of that too. Then the shares are equally shared among 3 of her children. The purpose is just to prevent the properties being sold and if it does, at least need the consent of another sibling. Just wondering if anyone have experience in setting a company in handling the properties they owned? If i were one of the children i will advise my father to sell all the properties now, cash out n enjoy the rest of his life w my mum.
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