Peter Lee Wills Blog

Peter Lee on Traxx FM

peter lee on traxx

Peter Lee, the author of “To Delay is Human but to Will is Divine” discusses the importance of planning your estate and preparing for the unknown more relatable through short stories and fables on Traxx FM.

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Peter Lee on BFM Radio

peter lee BFM

Peter Lee, the author of “To Delay is Human but to Will is Divine” discusses the importance of planning your estate and preparing for the unknown more relatable through short stories and fables.

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A Man with a Mission

PETER LEE

Peter Lee is a man with a mission. He wants to see more Malaysians write their wills to protect their families who are left behind. He cites data that shows that in Malaysia alone, more than RM40 billion of cash and non-cash assets are left by the dead which are not claimed by their heirs. Of this, land and property account for about RM38 billion, RM1.5 billion is with the Registrar of Unclaimed Monies (savings accounts and fixed deposits in banks and financial institutions) and more than 70 million has been left in the Employees Provident Fund. In addition, there are also a million land titles still in the names of the deceased. The only way to stop the increasing amount of unclaimed cash and non-cash assets is to make a will, claims Peter.

 

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Where There’s A Will There’s A Way

Amidst the many uncertainties in life, death is something that nobody can escape. As the saying goes, “Where there’s life, there’s death.” In this day and age, death is no longer a taboo topic. Morbid as it may seem, these days, people make plans for their eventual death to ease the responsibility for their loved ones after they are gone.

But how many of us plan for the smooth distribution of wealth to our beneficiaries upon our demise? To date, unclaimed monies and frozen assets in Malaysia amount to over RM60 billion. Procrastination is one of the main reasons why most of us still do not have a will drawn up.

Ipoh Echo spoke to Peter Lee, an estate planner of Rockwills in Ipoh, about will and estate planning. Peter has more than ten years of experience in this field.

 

 

Dying Intestate or Dying Without a Will

Dying Intestate or Dying Without a Will

 

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Everything I do, I do It For You

everything i do i do it for you-0

 

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Fairly Unfair – Article on Estate Planning Magazine

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Asking the python to feed the chicken – My article In Nanyang

Highlighting the importance of choosing a suitable Executor/Trustee with my article entitle ‘Asking the python to feed the chicken’.

(Click to Enlarge)

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Interviewed by Sin Chew on 21/8/2017

21.08.2017 - Article on Sin Chew entitled : Have your will done early before its too late.

21.08.2017 – Article on Sin Chew entitled : Have your will done early before its too late.

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How Deep Is Your Love?

PETER LEE

Written by Peter Lee.

I think most of us would have noticed that one of the news which made headlines recently was the staggering amount of more than RM 5 billion which remains unclaimed by Malaysians. It was reported that these unclaimed money are from inactive bank accounts, unclaimed fixed deposits that have expired, insurance payouts and interest. Insurance itself has more than RM 327 million which is due to beneficiaries of Life Insurance policies.

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Size Doesn’t Matter

wealth-sizeThere is a misconception that only the wealthy need to have a will drawn up. In estate planning, the size of it is immaterial, unless one totally has nothing. The average adult would have at least some savings in the bank, jewellery, a car, a house, shares in their business and also some small investments such as stocks and unit trusts.

As such, it is better to plan the distribution of these in the will for assets to be passed down smoothly to the next of kin. But in cases of special needs of dependents and minors, it is best to set up a living trust (inter vivos).
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