Estate Planning 遗产规划

Kevin K.M Neoh, MBA, RFP.

Licensed Financial Planner VKA Wealth Planners Sdn. Bhd.

Kevin K. M. Neoh, MBA, RFP. Licensed Financial Planner

Qualifications: • Holder of Master of Business Administration (MBA) from

University Putra Malaysia. "• Holder of Registered Financial Planner (RFP) and certified

member of Malaysia Financial Planning Council (MFPC). "• Licensed Financial Adviser Representative (FAR) by Bank

Negara Malaysia (BNM). "• Capital Market Services Representative License (CMSRL)

by Securities Commission Malaysia (SC).

Experiences:   • Licensed Financial Planner of VKA Wealth Planners Sdn. Bhd.

• Licensed Private Retirement Scheme (PRS) Consultant with Federation of Investment Managers Malaysia (FIMM).

• Actively involved in business development and financial solution design specialising in Personal and Corporate Financial Planning & Corporate Advisory for SMI/SME.

• Spoken on various media platform on the subject of Financial Planning and conducted workshops for the public & corporate.

• Invited as guest speaker and platform speaker for Pitch 'n' Win.

• Regular Columnist writer and featured expert for various publications including Personal Money, Money Compass, SH Business Monthly magazine.

Experiences

Experiences

Experiences

Financial Adviser License

Investment Adviser License

VKA Financial Group

你最怕甚么?

我最怕...

⼈人⽣生的阶段

⼤大部分⼈人的⼈人⽣生

你想要怎样的结局？

● 我所拥有的是留给两⽼老退休的时候享⽤用的，孩⼦子供到⼤大学后就靠他们⾃自⼰己的本事。离开后，所剩的就留给他们⾃自由发挥。

● 我希望制造⼀一笔财富，有效率的管理和传给下⼀一代，甚⾄至第三代，第四代等等，让孩⼦子们能够拥有⾜足够的条件⾯面对现实的⽣生活。

● 现在能赚的，做的，就去进⾏行。以后发⽣生任何事情都⽆无所谓。合法的收益⼈人⾃自⾏行解决。

我们会把最好的留给...

Financial Planning 财务规划

The Missing Piece 遗漏的规划

WILL is an important Estate Planning tool that cover Wealth Distribution. 遗嘱是财产规划的⼀一个重要⼯工具。

RM 40 Billion Unclaimed Money – Die Without Writing A Will

Estate Planning- Area of concern:遗产规划所担⼼心的问题1. High global taxation from import exports （税务规划）

2. Control issues in company （企业的掌控权）

3. Succession planning, is there a written plan? （是否已有了企业延续规划？）

4. Bankruptcy and protection from creditors （借贷和债务的⻛风险管理）

5. How long can the family wealth last? 3rd Generation and beyond （企业和财富希望传承给⼏几代？）

6. Preservation of wealth for next generation. （财富保值和如何传给下⼀一代）

7. Divorces and marriages （下⼀一代的婚姻状况）

富不过三代，为什么：

How does the rich man in Asia build & preserve his wealth?

成功⽣生意⼈人企业家的第⼀一⼤大问号：

Succession Planning…………….企业延续规划.

创业难，守业更难，筛选接班⼈人会更难。

谁适合当下⼀一代的企业领导⼈人？

½

¼ ¼

2/3

1/3

1/8

7/89/10

1/10

brothers & sisters兄弟姐妹brothers & sisters

兄弟姐妹

1) Do you want to prevent this? 你要防⽌止这吗?

Distribution Act 1958

1958 年遗产分配法令

● Imagine what would happen if an untrustworthy relative is selected by court to handle your assets for your minor offspring ?您不信任的⼈人帮您的孩⼦子管理钱财?

● 18 years old child with 1 million cash in his bank ??您⼗十⼋八岁的孩⼦子拥有⼀一百万的现⾦金?

2) Are you concerned with these? 您是否担⼼心?

Parents

Spouse

Children

Estate Administration Process 遗产⾏行政程序

Grant of Probate 遗嘱认证⽂文件

Settle debts 摊还债务

Distribute分配

18 monthsHow to take care of your family members’ living expenses? Your spouse? Your children? Your parents? How to pay for the legal fees? How to pay for the funeral expenses? How to pay for medical bills? (if any)

怎样照顾你家庭成员的⽣生活费呢? 你的配偶?你的孩⼦子?你的⽗父母? 怎样付律师费呢? 怎样付喪礼费呢?

3) Where the money come from? 钱从哪⾥里来?

Parents

Spouse

Children

Grant of Probate

Settle debts/Tax

Distribute

Income tax

Housing loan

Car loan

Personal loan Credit

cards

Business loan

Other liabilities

Probate and Administration Act 1959 & Income Tax Act 1967

4) Creditor vs family members?

债权⼈人与家⼈人谁优先?

Final Expenses 善后开销费

Children Living

Expenses 孩⼦子⽣生活费

Children Education Expenses 孩⼦子教育费

Guardian Expenses 监护⼈人费⽤用

Parent Living Expenses ⽗父母⽣生活费

5) Is it enough? 钱是否⾜足够?

What is a Will? 何为遗嘱?

● A Will is a declaration made by the testator in a form prescribed by the law on matters which he/she wishes to take effect upon his/her death. 遗嘱是⽴立遗嘱者(⽴立遗嘱的⼈人)的宣⾔言，表明他//她的意愿，有关任何他//她逝世后欲实现和完成的事件。

What is a valid will? 何为有效的遗嘱?

● Must be in written form (either hand-written or typewritten, video camera recorded is invalid) 以书写⽅方式（⼿手写或电脑列印；影像遗嘱没有效）

● Documents validation with marks (e.g. thumbprint or signature) 有效的验证（如指模或签名）

● Attestation (by at least 2 witnesses) ⻅见证⼈人（⾄至少两个⻅见证⼈人）

Revocation of Wills 废除遗嘱● Marriage (Wills will automatically revoke prior to

marriage) 婚姻（遗嘱将因结婚或再婚⽽而⾃自动取消）

● Destruction with intention (Physically and intention of destroying it) 有意的破坏（遗嘱⽂文稿以及废除的意图）

● A later will 过后所设⽴立的遗嘱（旧遗嘱将⾃自动撤销）

● Duly executed writing declaring an intention to revoke (A written statement or documents) 阐明撤销遗嘱的⽂文告（必须拥有签名或指模的验证）

● Conversion to Islam (Due to Syariah law，2/3of the estate must be governed by the Syariah) 皈依回教（由于回教法令的限制，三分之⼆二的遗产将由回教法庭代为管理分配）

Executor 遗产执⾏行者

● An Executor is the person or trust corporation you choose to carry on the terms of your wills. The executor is responsible for the entire administrations of an estate until the final distribution of the assets is made. Testator has the right to appoint people of his choice to administer his estate and carry out his wishes. 遗产执⾏行者是写遗嘱者指定的⼈人或者是公司。执⾏行者需负责管理整个产业直⾄至遗产完全被分配给继承⼈人。写遗嘱着有权利选择他的执⾏行者。

Duty of an Executors 执⾏行者的责任

● Locate the Will 找寻遗嘱

● Make funeral arrangements 安排葬礼

● Apply for a Grant of Probate 向法庭申请遗嘱认证件

● Call in your assets 整理遗产

● Pay debts 缴交⽋欠账

● Prepare a Statement of Account 准备账单

● Distribute assets according to the Will 依据遗嘱分配遗产

Appointment of Executor / Trustee 遗产执⾏行⼈人及信托者● The executor and trustees can be the same

person. 遗产执⾏行⼈人和信托者可以是同⼀一⼈人 ● When there are minor beneficiaries two trustees

or a trust corporation should be appointed. 如有未成年继承⼈人，需委托两个信托者或是信托公司

● The testator can appoint up to 4 executors to act together at any one time in the will. 写遗嘱者可以最多指定四个执⾏行者

Guardian 监护⼈人

● The testator may appoint a guardian of his choice for his infant children in the event of his spouse predeceasing him or both to go together. ⽴立遗嘱者可以委托监护⼈人在配偶死后照顾孩⼦子

● The guardian of an infant shall have the custody of the infant and be responsible for his support, health and education. 监护⼈人需为孩⼦子附上责任，其中包括了经济⽀支持，保健和教育

● On the death of a parent, the surviving parent should be guardian to the infant either alone of jointly with any guardian appointed by the deceased. 如⽗父⺟母其中⼀一⽅方去世，剩下的家⻓长将成为监护⼈人或是和被委托的监护⼈人⼀一同照顾孩⼦子

● The guardian has no right to judge sell, charge, mortgage, exchange or otherwise part with the possession of any property of the infant. 监护⼈人没有权利去售卖，抵押，交换孩⼦子的产业

外界估計這位縱橫影視界的⼤大亨，⾝身家遺產超過200億港幣（約85億令吉），其中在港的近100億（約42.5億令吉）資產料由家族信託基⾦金持有。

Debt Cancellation Planning 抵消债务规划

● Zero debt when we reach retirement age, i.e. age 55 & above. 零负债，当我们达到退休年龄。

● Need to analyze the outstanding debt and plan for it so that we are able to sustain the loan repayment and pass to family without any hassle. 分析财务和负债的状况，做好未⾬雨绸缪的步骤。

● Risk transfer is the best solution with effective and cheapest cost by using insurance product as financial tools. 转移⻛风险是最佳的⽅方案，保险是⻛风险转移的最佳⾦金融产品。

Trust

Will Probate

No Will

Letter of Administration

Estate Distribution

Estate Distribution

Estate Distribution

Immediate

6 months to a year

6 months "to a year

1 ½ year to ……

6 months "to a yearAssets frozen

Assets frozen

Insurance Estate Distribution

Immediate

Assets frozen (Minor Child)

1

2

EPF Estate Distribution

Immediate

Time Frame for Estate Distribution 遗产分配的时限

ACT NOW! ⾏行动吧！

Thank you. 谢谢。

Thank you. 谢谢。