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
)
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
Hi Wong M K,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
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
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?
Aug 2 2012, 11:19 AM

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