KUALA LUMPUR: The Employees Provident Fund (EPF) is launching a campaign to remind members to nominate beneficiaries for their savings
Its general manager for public relations, Nik Affendi Jaafar, said the campaign was necessary considering that only 23 percent of the 12.4 million EPF members had nominated their beneficiaries.
According to Taiwan’s China Times, Andy Lau has set up an education fund for his daughter and plans to send her to kindergarten in Canada where a sister lives in Edmonton.
Only 34% of Malaysians putting aside money regularly for retirement funds
* save with Goal and meet retirement needs
RM40 billion of cash and non-cash assets left by the dead and yet to be claimed by heirs.
- Land and property account for about RM38 billion
- RM1.5 billion is with the Registrar of Unclaimed Monies
- More than RM70 million in the Employees Provident Fund
The executor is the person specially chosen to carry out the terms and instructions of your will. The executor oversees and is responsible for the administration of your entire estate, right until all the assets are distributed.
Ensuring that your assets will be treated the way you want them to after you are gone can be a simple process, but it is one that can often be neglected.
The premature death of pop star Whitney Houston should serve as a concrete reminder to people who have done any type of estate planning such as wills or trusts that they need to update their estate documents every few years.<
Wealth Resources