Buying property abroad…?

Buying property abroad has become increasingly popular to Malaysian at large. The growing interest on investing abroad has significantly increased over the years. With the current relaxation of the capital market, the opportunity of investing overseas be it for capital growth, holiday home or alternative retirement place has been an additional investment tools for investors.

While planning for such investment, issues of asset protection and preservation have never crossed the mind of an investor. Such attitude will not only further complex their wealth but also making it easier for their legitimate creditor, to a significant degree, of claiming such assets. These complexities further dampen the smooth transfer of assets to their love ones upon death. Legal hassles and possible family disputes are always almost unavoidable in such circumstances.

Overseas Property - are these your concerns…?

• Do not know the best methodology of holding overseas property base on my current complex lifestyles
• Doesn’t want to lose control but would like to transfer the beneficial rights to my love ones during my lifetime
• What is the best methodology of managing my properties for my beneficiary/ies upon my death
• I want to make sure that these properties of mine are creditor proof
• I do not understand the Estate Planning jurisdiction in Australia. What will happen to my property upon my death and without a Will?
• What happen to the outstanding loan of my property and how do I prevent this Estate Shrinkage upon my death?
• How do I measure my exposure and keeping it at bay?

Defining Asset Protection and Preservation… Asset Protection and Preservation planning involves figuring out and applying a lawful series of techniques that protect your assets from claims of future creditors. The techniques are designed to deter potential creditors from going after you, generally by making it difficult or impossible for future creditors to grab hold of your assets or collect judgments against you.

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