“A whopping $539 million was assessed in the 12 months to March 31, more than five times the $105 million assessed in the 2007 tax year…, but the payment may not be immediate, as wills and so forth can take many months to settle.” wrote the September 10 issue of the Straits Times [...]

The Estate Duty has been officially removed after the Estate Duty (Abolition) Bill was passed in parliament yesterday (25 Aug 2008). This comes after the Bill was first mooted on 15 February this year. In the words of Mrs Lim Hwee Hua, Senior Minister of State for Finance, the decision to abolish the [...]

Do you know you can lose almost all of your assets to your creditors, including your insurance policies? Today’s Straits Times report of the seizure of fugitive ex-Citiraya boss’s assets highlighted of one of the risks consumers, particularly business owners face.

One of the ways to protect assets from creditor is to [...]