Estate Planning Covers The Creation, Conservation and Distribution of the Estate?

What Is Estate Planning?
It is a lifelong process.
It evaluates one’s situation and plans for the future.
Includes planning for retirement, for the possibility of disability, and for
    death……and after death.
Requires one to consider a wide range of legal, financial, emotional, and religious
    issues.
It is a way to show your love and to reduce potential distress later.

A Definition Of Estate Planning
It is a process of making proper preparation for the creation, protection, conservation and eventually the distribution of one’s assets for the benefit of loved ones……

 What Happens Without Proper Estate Planning?

In life, you may have many wishes and many opportunities, perhaps some will come true, others may not. Here is one way to guarantee that at least your last wishes will come true.

CARE FOR YOUR LOVED ONES
Without a legally-binding Will, your loved ones could be left financially insecure, with the prospect of complex legal battles, at a time when they are least able to cope.

LEAVE A LOVING LEGACY
Whilst you may think you have nothing much to give away - writing a Will has little to do with your net worth, but everything to do with leaving a legacy of love and care.

PROTECT YOUR ASSETS AND LOVED ONES
Never assume that all your assets will automatically go to the person you want to benefit. Without a Will, the Law will decide who your beneficiaries should be under the Distribution Act 1958 (as amended in 1997). Leave nothing to chance - make sure that your wishes are protected by law and your instructions are followed to the letter in your Will.

APPOINTMENT OF EXECUTORS AND GUARDIANS
To ensure that your assets and beneficiaries are properly taken care off, you appoint executors of your choice. However, we would advise that a Corporate Trustee is appointed at least as a substitute executor as the Company's perpetual existence provides absolute continuity of service to client's estate or trusts. More importantly, unlike the individual executor or trustee, the company has no self-interest and therefore, is able to carry out instructions with complete integrity and impartiality.
Where there are minors, you can also appoint guardians of your choice to ensure the welfare of your minor children are looked after.

MAKE PROPER ARRANGEMENTS
Making a Will is like preparing for a long holiday. We never know when we will be leaving permanently. Making a legally binding Will is one of the most important arrangements you could make for your loved ones and yourself.

what some people have said about having a Will

.. PEACE OF MIND ..
"Death and Wills have always frightened me. But the Professional Will-Writer showed me a Will helps to protect my family & is more important than avoiding the subject"
...The Stewart Family

.. PROFESSIONAL SERVICE ..
"I never bothered to write a Will because I always thought it was so complicated. But the Professional Will-Writer took the time to show me how it could be done quickly, comprehensively and cost-effectively"
... Mdm Wong K T (housewife)

THE BENEFITS
Why Do You Need To Create A Trust?

Assets held on Trust are not frozen upon demise.

The assets in your name are frozen upon your demise. As a result your loved ones will not have immediate access to these assets as there is a legal process to follow before distribution can be made. Therefore, by placing selected assets in a Trust, there would be immediate cash flow to your loved ones upon your demise. Assets not subjected to Probate/Letters of Administration

As the assets in the Trust are not in your name, it will not form part of your estate. Therefore it will not be subjected to the process of Probate/Administration. This gives you and your beneficiaries security and peace of mind. Furthermore placing selected assets under a trust also gives you the freedom to leave behind specific instructions with respect to the assets in the Trust to complement those left in your Will. Protection of assets from the reach of creditors

Since the assets held under a Trust are not in your name, it will be completely protected from the reach of your creditors provided that you did not set up the Trust with a malicious intention to deliberately defraud your creditors. However it must be understood that this protection only applies to irrevocable trust. Beneficiary of your choice

As the settlor you can exercise full discretion to determine who should benefit from the trust .The beneficiary of the Trust can be an individual ,a corporation , a charitable organization or even individual(s) who are not related to the settlor. Flexible instructions can be included

As to the distribution of the Trust assets , you can decide on how the income and/or the capital is to be distributed to the beneficiaries of the Trust. A properly planned Trust is actually a gift to the intended beneficiaries based on the settlor's own terms and conditions which will be executed by a competent and responsible corporate trustee.