Before 2010, there were some restrictions in using Labuan foundations as wealth planning jurisdiction. Today, those restrictions have been removed. Malaysian can set up Labuan Foundations and Malaysian assets can
For business formed under partnership or with multiple shareholders, many owners never think of the exit plan. What if a director passed away? What if a partner wants to withdraw?
A Cross Option Agreement is also known as a “wait-and-see” Agreement or Double Option Agreement. It is considered as “wait-and-see” because it may be difficult to decide in advance what
As we discussed in the last issue on the difference between will and trust? Will is mainly for distribution and trust the main objective is for preservation of assets. Imagine that
What is the difference between forming a charitable trust under a living trust compared to forming a foundation under the Trustee Act 1952? The senior General Manager from Rockwills, Mr. Azhar
In this issue, we’ll explore two more examples on business exit plans or business succession plans executed by business owners that are done wrongly & defective in some ways. Problems with
In order to have a proper Business Exit Agreement or sometimes called business continuation agreement, it is very important that the agreement is properly drafted dealing with the important issues,
During a webinar I hosted featuring Evanna Phoon and Chris Foong (Senior Manager of Rockwills Advisory Services), I asked the question: "According to Foong's past experience dealing with over 40+