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 Have you written your WILL?

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highcourt
post Aug 2 2012, 11:19 AM

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QUOTE(wongmunkeong @ Nov 25 2011, 08:48 AM)
Side note to all Public Mutual Gold customers:
U can do a Will and let it be held & executed by PB Trustee. Get your Agent to service U on this (oo.. sounds kinky tongue.gif)
Up front Cost: $0
Back load cost (ie. when kaput and Will executed): 1% for the 1st $1M & 0.5% for anything above $1M, with minimum of er.. a few $Ks (less than $10K if i recall correctly - any bro can help here?)

Personally i did it with PB Trustee even though i had a Will already drawn up with Executor being my sister, failing which my mother.

Reasoning: My sis aint a pro in this kinda thing and it takes effort and time + some kaka may happen, thus screwing up the process/speed.
Haiya - pay professionals to execute lar (ie. company, not a person), 1% + 0.5% is nothing in terms of % to move total net worth IMHO. The sum may look big but as a %, no biggie and it is the % left for my beneficiaries that i am focused on.

end of spiel  notworthy.gif
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Hi Wong M K,

May I know why you do not choose PB Trustee as your executor instead of your sister? I heard the process can be quite demanding. So, why don't let the pros do it?
highcourt
post Aug 2 2012, 11:32 AM

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QUOTE(wongmunkeong @ Aug 2 2012, 11:24 AM)
huh? Bro, i did move to PB Trustee leh.
Which part of my previous post did i state i chose my Sis instead of PB Trustee?
I think your speed reading skills gotta go bit slower until perfected  notworthy.gif

snipped from previous post.
Personally i did it with PB Trustee even though i had a Will already drawn up with Executor being my sister, failing which my mother.

Reasoning: My sis aint a pro in this kinda thing and it takes effort and time + some kaka may happen, thus screwing up the process/speed.
Haiya - pay professionals to execute lar (ie. company, not a person), 1% + 0.5% is nothing in terms of % to move total net worth IMHO. The sum may look big but as a %, no biggie and it is the % left for my beneficiaries that i am focused on.

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No, you mention you choose your sis as Executor and the Will drawn up with PB Trustee. Why don't use PB Trustee as Executor as well?
highcourt
post Aug 2 2012, 11:39 AM

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QUOTE(wongmunkeong @ Aug 2 2012, 11:33 AM)
Bro - the word "even though"
sigh.. never mind.
Bye!
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Ok, got what you mean. Thx. If you choose PB Trustee as executor, no need to nominate another contingency candidate right because a trust is perpetual? BTW, do you know how much to change a will and how long?
highcourt
post Aug 3 2012, 11:55 AM

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QUOTE(spyduh @ Aug 2 2012, 02:29 PM)
rich people leave a will... poor people leave a bill
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hey, it actually rhymes!

 

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