Xin Ying Tan
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In the tabling of Budget 2023, Finance Minister Datuk Seri Tengku Zafrul Aziz stated that the government will set a nominal rate of just RM10 for transfer of properties “based on love”. This includes transfers between spouses, parents and children, as well as grandparents and grandchildren. The consideration stated in the Memorandum of Transfer (MOT)…
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An analysis by the Wall Street Journal suggests that “about a fifth of all bitcoin—around $20 billion—is lost, most of it permanently. When people purchase cryptocurrency, the details of their transactions are stored in software called a “wallet,” which they can unlock with a personal-identification number. Unlike an ATM PIN, this password can’t be recovered…
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A will is a legal document that dictates how you want your assets to be distributed after you die. You can also name guardians/trustees for any minor children or who to take care of your business in a will. It only comes into effect when you die, so you can change or rewrite your will…