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Importance Of Estate Planning

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Publisher : Ferris Wee - Institute for Financial Literacy

Course Language : English

Find out about the importance of Estate Planning and the reasons why people avoid it. The consequences of avoiding Estate Planning are:

  • Delay
  • Disputes
  • Intestacy

Learn about the Intestate Succession Act (Non-Muslim Estate) and the unintended consequences of Intestacy.

Also learn about the objectives of Estate Planning and the Overview of the Estate Planning Process:

  • Ascertain the assets you own
  • Determine how you want your estate distributed
  • Decide on the means of transferring your assets
  • Execute your estate plan
  • Review your estate plan annually

In this module we will cover the first two steps of the Estate Planning Process.