In the USA, after we have set up a living trust, we also need to fund each of our real estate properties into the living tust. If not, the living trust will render as useless. Then, the deceased's estate will need to go into probate which may take a year or several years to settle. A living trust can avoid probate and future costly legal fees incurred in the probate process.
Will is such an important thing which always get neglected, what a coincidence my company have just organize a seminar on this today. Really important knowledge, and another thing is Letter Power of Attorney, which only have in Singapore but not in Malaysia. Thanks for the great content as always.
We need a ten part series on this...starting with monies in the banks and properties.Was hoping some elected lawmakers would have designed a basic plan for the Rakyat, but nothing happened
We are facing problem with “will executors “ as they refuse to transfer the asset as per will . When selecting will executors is very important. Our solution is hiring lawyer to get back the property… but legal cost is incurred ., and the will executors can sell the land if the beneficiaries do not know they inheritance … human nature : greed !
Always do a Will and the grant of probate (GOP) is king after u passed away … ur kids will thank u. U will need the GOP to closed bank account, to close fds , etc
@@iherng Hi is there a reason Why YOU allowed your Lawyer Guest to only use her Personal email for Official Work Over her email at Law Firm ? No Disrespect But nowadays lots of Scammers & Estate Planning is not something you discuss with Unverified Strangers…
In the USA, after we have set up a living trust, we also need to fund each of our real estate properties into the living tust. If not, the living trust will render as useless. Then, the deceased's estate will need to go into probate which may take a year or several years to settle. A living trust can avoid probate and future costly legal fees incurred in the probate process.
Tq for this episode. Very informative. Sean with the mass amount of wealth you have and growing, the trust is your better option.
Yeaaah “My First Property Podcast” 🎉 Great episode Sean. Thank you ❤
Hope you enjoyed it!
First time watching Channel… Nowadays lots of Scammers… sent email to Lawyer… let’s see if She’s really a SG Licensed Lawyer
Will is such an important thing which always get neglected, what a coincidence my company have just organize a seminar on this today. Really important knowledge, and another thing is Letter Power of Attorney, which only have in Singapore but not in Malaysia. Thanks for the great content as always.
Wah, this guest of yours... all about me me me me me... Fuiyoo... Respect your patient!
:)
We need a ten part series on this...starting with monies in the banks and properties.Was hoping some elected lawmakers would have designed a basic plan for the Rakyat, but nothing happened
Need to update this after the government re-introduced the ridiculous inheritance tax.
Gods and useful sharing. Thank you
We are facing problem with “will executors “ as they refuse to transfer the asset as per will . When selecting will executors is very important. Our solution is hiring lawyer to get back the property… but legal cost is incurred ., and the will executors can sell the land if the beneficiaries do not know they inheritance … human nature : greed !
Always do a Will and the grant of probate (GOP) is king after u passed away … ur kids will thank u. U will need the GOP to closed bank account, to close fds , etc
Love the episode, love the vibes from Danielle too, good one!
Yea, she was awesome!!
@@iherng Hi is there a reason Why YOU allowed your Lawyer Guest to only use her Personal email for Official Work Over her email at Law Firm ? No Disrespect But nowadays lots of Scammers & Estate Planning is not something you discuss with Unverified Strangers…
good sharing however I wish she will learn to speak slowly and not too fast
Its expensive to get a lawyer to draft a will
Perhaps. We need to have a better charging fees to limit how much lawyers can charge.