The Centre for Accounting, Banking and Finance (CABF), under the Faculty of Business and Finance (FBF), held a talk titled “Mastering Estate Planning in Malaysia: Understanding Its Importance, Tools, and Raising Awareness for a Secure Future” on 26 February 2025 via Microsoft Teams. The session attracted a total of 251 participants.
The talk featured Ms Sheryl Lee Jo Sin, Business Development Manager of RHB Trustee Berhad, and Mr Pattrick Ng Jin Shinn, Co-founder of i-GenXYZ Financial Group, as guest speakers.
The talk aimed to highlight estate planning’s role in securing financial assets, minimising disputes, and ensuring a smooth wealth transfer to beneficiaries. It also sought to educate participants on essential tools such as wills, trusts, and nominations while promoting the importance of proactive financial planning. Additionally, it provided valuable insights into the significance of estate planning, covering succession planning, asset distribution, and legal mechanisms for transferring assets according to an individual’s wishes in the event of passing or incapacitation.
Ms Lee explaining the legal mechanisms in estate planning
The first speaker, Ms Lee, introduced RHB Trustee Berhad and shared her expertise in estate planning. She illustrated real-life cases where the absence of estate planning led to financial insecurity, improper asset distribution, prolonged legal processes, increased financial burdens, and family disputes. She also discussed estate planning tools such as wills, trusts, and nominations, emphasising their role in simplifying asset transfer, distribution, and management.
Mr Ng accentuating the importance of funding tools in estate planning
The talk continued with the second speaker, Mr Ng, who emphasised the financial aspects of estate planning. He also explained how insurance serves as a crucial funding tool in estate planning, ensuring financial security and facilitating the execution of wills and trusts. He introduced insurance trusts and life insurance solutions tailored to individual needs, highlighting their role in complementing a well-structured estate plan.
The session concluded with an engaging Q&A session, where participants actively interacted with the speakers, demonstrating their keen interest in estate planning.
The group photograph at the end of the virtual talk
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