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Published byCharlene Dickerson Modified over 6 years ago
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Will Writing and Estate Management Services
An Integrated Solution from My Legacy Will Services Sdn Bhd
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A Will is … An essential planning tools that takes care of wealth distribution upon death A key area under Integrated Financial Services framework The most effective and legal way to ensure smooth transfer of assets when one passes on
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The Problems Will execution takes a long time and is expensive
Will does not guarantee problem-free execution Funeral expenses can be substantial Financial distress for dependants when assets are frozen Significant upfront funding required for stamp duty and legal fees for transfer of assets
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The Solution The Answer: The Objective:
Provide immediate funeral expenses for the deceased Provide adequate funding for the dependants to tide them over in the first 12 months Provide adequate funding to expedite execution of the Will The Answer: Limited Payment Whole Life Insurance Policy with Total and Permanent Disability Benefit (TPDB)
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Who is My Legacy? Provides Will writing and estate management services
Founders have years of experience in writing Wills Tied up with Amanah Raya Berhad for custodial, trust and administration services Own proprietary software that makes Will writing easy even for lay persons Targeting the emerging financial planners to distribute our product
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The Principals Our two principal founders of the company are ;
MURALI PILLAI Partner of Murali B. Pillai & Associates 20 years in legal practice Holder of LLB (Hons) (London) Barrister at Law, Mediator for Bar Council ANDRIC LIN Pioneer franchisee of Rockwills 15 years in Will writing and estate management services Previous life & general insurance agent
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Objectives of MyLegacy
To tie up with financial institutions to provide services in the wealth distribution area To provide services ranging from writing a Will to the eventual administration of the assets
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Our Business We Provide …
Complete Will writing solution to produce Wills Technical and legal support for non-standard Wills Legal services for vetting and validating Wills Will custody and trust services Will execution and estate administration services
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Win-Win-Win For Insurance Company
Our Proposal provide a Win-Win-Win environment for all parties involved ; For Insurance Company - Ability to provide a more comprehensive estate and financial service - Additional revenue from Will writing and the attached Insurance policy - Collection of valuable customer information from Will writing process - Cross-selling opportunities arising from Will writing
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Win-Win-Win For the Agency
- Additional source of revenue from their existing pool of customer - A simple and easy lead product to sell to new customers - Ability to meet more needs of their customers For the Customers - They will get professional Will writing and custodial services - The Will execution and estate administration will also be taken care of - The attached Insurance policy will take away the financial burdens associated with Will execution
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Proposed Business Model
Utilize the Will writing and Estate Management Services from My Legacy , customizing and integrate it into Insurance business. Insurance company will roll down the Will writing capability to its agency force using the software from My Legacy Insurance company and My Legacy will work together on the operational aspects of the Will writing services My Legacy will undertake the legal aspects of the Wills and of Wills for safe custody My Legacy will undertake the eventual administration of the estate in conjunction with Amanah Raya
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Thank You
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