|
||||||
|
In my articles on transformation of finance role and the recent article on finance personnel embarking another role of gathering and analyzing the financial competitive analysis, I again now touch on another critical mass of finance role which is financial planning. Gone are the days, when keeping the books of account accurately and the timely submission of [...] Some of us prefer to write our own wills instead of forwarding to the professional will writers. If you are one of those who prefers to write his or her will, then the expert advice on salient points writing a will needs to be noted: Understand that, you need to be 18 years old and above( west coast [...] Earlier article discussed what’s a will and the benefits of having such. In this article, we understand when a will can be revoked:- The testator who wrote it converts into a Muslim( A Muslim can will away only one third of his or her estate)
As part of wise personal financial planning, the drawing of a will is essential.
So, what’s really is a will. A will basically is not a contract and it does not need to be stamp to legalize it. A valid will may be effective as long as it abides to the Will Act. A will is basically defined as a declaration of a person’s intention on matter which he/she wishes to take effect, after his/her death.
When a person draws a will, it signifies an act of maturity and responsibility in planning for the future well-being of your love one(s). You draw a will and yet you are still in control of your assets.
Some benefits of drawing or creating a will are:- Continue reading Creation Of A Will As Part Of Wise Financial Planning As usual, before we do our personal income tax planning, we need at least to understand the latest tax law legislations on employees tax exempt benefit-in-kind and perquisites.
Append below in this article are the latest/up to-date benefits-in-kinds and perquisites (cash related) which are exempted from personal tax which the employee can plan to mitigate his/her personal income tax liability: Continue reading Personal Tax Planning:Benefit-In-Kind & Perquisites |
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
|||||
|
Copyright © 2010 FINANCE ACCOUNTING COACH | Free Online Accountant Reference Site - All Rights Reserved |
||||||
Recent Comments