Estate planning is essential for every Malaysian looking to protect their family’s future and ensure their assets are distributed according to their wishes. (Envato Elements pic)PETALING JAYA: It's one of the less-obvious weaknesses in estate planning - a family can be asset-rich on paper and still face a cash-flow problem after a death.
Property, savings, investments and other assets may eventually pass to beneficiaries, but not necessarily immediately. Until the estate is administered and the necessary processes are completed, access to those assets can be delayed.
In Malaysia, an estimated RM90 billion in assets is said to be frozen in probate, while 46,707 cases remained unresolved as of Dec 31.
