Most of us try not to think about death or unpleasantries befalling on us. Yet it is important to take stock of what we have and to plan ahead – to spell out what needs to be done in case something untoward does happen. In brief, we all need to do our estate planning.

We should be concerned for our loved ones. Let your loved ones know where your Will is kept, where to find the liquidity that you have set aside, to settle the liabilities that need to be taken care of, what you want to say or explain and what you would like to see in their future lives. And so on. If we are not around, they should know where our assets and savings are.

The consequences of not doing anything can be tragic. Hard earned possessions could be lost or stolen or untraceable. Misunderstandings among surviving heirs may arise because they are unclear about what you wanted. Financial hardship may follow because of non-traceability, intractable disputes or delay in resolving issues. So take stock of your things and treat this as your priority. Your loved ones will cherish and remember you as loving, caring, orderly and far-sighted.

Warmest Regards and Best Wishes
Lee Chiwi, Chief Executive