Is there a guarantee that my Will won’t be contested?
Nina Wang, Asia‘s richest woman, died on 3rd April 2007. It was said that her estate was worth $4.2 billion. Days after her death, newspapers around the world reported that Wang named one individual as the sole beneficiary in her will. It was further reported or alleged that this individual was not a member of […]
Loss of Wealth to Other Families through Marriage: Will A Stranger Be Your Successor?
The death of former Playboy playmate, Anna Nicole Smith, in early February 2007 and the events following her demise made world headlines. Apart from her celebrity status, she has been in the media limelight in recent years because she was a potential heir to a substantial part of her late husband’s business empire. In 1994, […]
Business Succession Planning: Engaging the Right Experts
In years, we have seen many stories in the news concerning the fight for ownership and control ofbusinesses among the surviving family members of deceased business owners. One of many such articlesis “Tycoon’s widow sues for fortune” where the widow of a Singaporean-based tycoon commenced alegal suit to claim part of a business empire with […]
Business Succession: Can you prevent your business from fragmenting?
“A RM105 Million Mess: Tycoon’s children fight over cash and shares” was the attention-grabbing title of an article published in The Malay Mail in 2002. The story concerned a Malaysian tycoon whose death in 1995, sparked a bitter quarrel among his many children over the ownership of his cash and shares worth RM105 million. As […]
The Will to Survive: Ensuring a Business survive the death of the owner
If you think pulling a cow up a tree is difficult, you have not tried persuading a person to write a Will. Everybody is dead sure that it is not his time yet. Take for example those who are about to embark for a vacation somewhere. The thought that their flight may take them to […]