Posted in Accumulation 累积, English 英文, How 如何, Legacy & Estate Planning 遗产管理, Risk Management 风险管理, Video 影片

How to have sustainable growth?

IKEA group is own by foundation and is therefore not listed on the stock market and doesn’t depend on investors, this let us think and invest in the long term. Our Principle is to earn money before we spend it. In fact our profit, can only be reinvested, used for charitable purpose through the IKEA foundation or save for rainy days.

Posted in Chinese 中文, Fundamental 基础, Legacy & Estate Planning 遗产管理

活得窮,死得富

有多少人就是這樣「活得窮,死得富」,發財有道,生活無門,處處小氣將就,唯一捨得花的錢,就是醫療保健費,想盡千方百計讓自己活得更久,可是活的時候又不好好享受人生。
我說的享受不是大魚大肉、花天酒地,而是去經歷、體驗世界無限美好,如同電影「一路玩到掛」;否則每天活得一模一樣,無聊地像白開水,雖然無害,但實在無趣,活多久也無差。
結果生命結束,反而死得風光講究,死一趟花的錢,反而是他活一生都花不到的金額那麼多。
更麻煩的是身後留下龐大財產,不但沒有造福子孫,反而財產愈大,留下的火藥庫愈大,是不是遺產變遺禍?
所以,活著的時候要捨得花錢對自己好、對愛人好、對孩子好、對親人朋友好、對需要幫助的人好……!
別忘了要活得富、活得樂!要活的精彩,不要死的隆重。
 取自:http://appnews.fanswong.com/show.php?id=301249&TORO
Posted in English 英文, Legacy & Estate Planning 遗产管理

CESSATION OF CHINESE WILLS

As you may know, a person who does not understand English can write his will in Chinese or any other language that he understands but under Order 71 Rule 7 (2) of the Malaysian Rules of Court 2012 an official translation is required to be certified by a court interpreter or a translation verified by the affidavit of a person qualified to translate it.

Based on the recent circular issued by Malaysian Bar, with immediate effect, the translators of the court will not translate any wills not written in English.

Posted in Chinese 中文, English 英文, Legacy & Estate Planning 遗产管理

Malaysia Estate Planning – Tax

There are only two things certain in life: death and tax.

In the recent news, the Inland Revenue Board (IRB) says that they are empowered under the law (Section 64 & Section 102) to collect outstanding tax even after someone has died and they have the right to claim outstanding tax from the rightful next-of-kin.

In another news as reported by Sin Chew, IRB has revealed that there are about RM1.7b unpaid taxes owed by the deceased to IRB.

https://www.malaysiakini.com/news/390184 (English)

http://www.sinchew.com.my/node/1668840 (Mandarin)