In the intricate tapestry of life, we often contemplate its journey and destination rather than its inevitable conclusion. Thoughts frequently dwell on the present and pursuing a better quality of life. Yet, it is crucial not to dismiss the importance of planning for the end of this journey. Legacy planning, a concept often overshadowed by fear, lack of information, or sheer ignorance, plays a vital role in securing a meaningful and well-organised transition of wealth and assets for future generations.
As of 2022, a mere 20 per cent of Malaysians have a will, and even among those who do, the validity of these wills remains questionable. This staggering statistic is further compounded by over RM90 billion worth of unclaimed assets nationwide, creating a complex financial landscape that demands our attention.
Legacy planning…
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Tatler Malaysia (Digital) - 1 Issue, October 2023