Estate Planning for Business Succession Planning by Nur Sabrina Soon

RM260.00

Date	5 March 2024
Time	9.00am – 5.00pm
CE/CPE/CPD	10 CE Points / 10 CPE Points / 8 CPD Points
Facilitator	Nur Sabrina Soon

SKU: N/A Category: Workshops

A properly structured estate plan can greatly impact the future of your beneficiaries, as well as provide you with peace of mind that your spouse and children will be accounted for after you’re gone. In the same way, a well-defined succession plan ensures your business and legacy will be passed on to the next generation or transitioned to key employees. Many business owners aren’t motivated to act until ownership transition is a clear, present, and pressing need. Unfortunately, by then it’s often too late in the game. By identifying the various structures for Business Succession Planning, the business owners are more likely to have a successful management and ownership transition in the future.

Learning Outcome

Participants will be able to:

Identify the different aspects of Estate Planning for Muslims and Non-Muslims and the importance of having a good estate plan.
Determine the various key tools for Estate Planning and it used for different situations.
Explore the various types of companies and the repercussions when unforeseen circumstances occur for the owners of these companies.
Identify the various structures for Business Succession Planning and the best solutions to carry out Legacy Planning for these businesses.

Learning Outline

8.30 – 9.00 am	Registration / Pre-Assessment
9.00 – 10.30 am	1. Aspects of Estate Planning for Muslims/ Non-Muslims Instruments in Estate Planning/ Principles and Legalities Wills/ Wasiyah/ Distribution Order/ Faraid Order Their respective advantages, disadvantages and legalities To identify life situations and solutions for different circumstances and to be able to create an estate plan for these situations To go through actual lifestyle situations and to suggest a plan for how best to overcome these situations
10.30 – 10.45 am	TEA BREAK
10.45 – 12.30 pm	2. Other tools of Estate Planning for Muslims/ Non-Muslims The Manner of Setting Up Trust/Hibah Legalities and Structure of Trust Differences between Trust/ Hibah Their respective advantages, disadvantages and legalities To identify life situations and solutions for different circumstances and to be able to create an estate plan for these situations To be able to combine Wills/ Trust/ Hibah to create an estate plan for different circumstance show best to overcome these situations
12.30 – 2.00 pm	LUNCH
2.00 – 3.00 pm	3. Different Business Structures Dilemma of the business owners when planning for succession Structures for various companies on succession planning How best to solve the complex structures of legacy planning for these different companies
3.00 – 3.30 pm	4. Business Succession using various tools for different business structures Dilemma of the business owners when planning for succession Structures for various companies on succession planning How best to solve the complex structures of legacy planning for these different companies
3.30 – 3.45 pm	TEA BREAK
3.45 – 4.45 pm	5. Different Tools for Business Succession Family Office Family Council Offshore Companies Private Trust 5 Business Succession Trust To be able to provide advice on how best to solve legacy issues by using these succession structures for different situations/circumstances.
4.45 – 5.00 pm	Q&A Session

Facilitator

Nur Sabrina Soon Binti Abdullah,

Sabrina is a consultant of her own advisory company. She gives professional advice to high-networth individuals to assist them in setting up their Estate Planning, Trust Planning as well as Business Succession Planning for Muslims and non-Muslim individuals. A few of her many clients that she has structured their Estate Planning and Private Trust are ’Tan Sri Dato’ Sri Paduka Lim Kok Wing“ (the founder of ’Limkokwing University’) and Tan Sri Datuk (Dr) Hj Mustapha Kamal (the founder of ’Emkay Group of Companies’).

She has 23 years of working experience in both local and international trustee companies. She was a Director with CIMB Trustees Services and Associate Director with RHB/OSK Trustees Services. She was also the Senior Manager with HSBC (Malaysia) Trustee Berhad for 18 years. She was dealing with both private and corporate clients. She was in charge of Retirement Schemes, Bonds, Escrow and Stakeholders for Corporate Clients. She dealt with Estate Administration and Private Trust for individual clients. Her clients range from corporate clients such as Nirvana Memorial Park Malaysia and Nilai Memorial Park to high-net-worth Individual Clients. She also dealt with Estate Administration, being the executor or administrator of deceased estates.

Prior to her attachment to HSBC (Malaysia) Trustee Berhad, she was with HSBC Bank Malaysia Berhad for 10 years and was attached to Treasury, Credit and Operations.

She also conducts training for insurance life planners, financial planners and gives presentations to the public. Sabrina holds a Degree in Banking and a Diploma in Accounting.

Terms & Conditions

Registration is on a first-come-first-served basis, only 30 seats are available.
Participants need to sit in for the workshop throughout the day to receive the certificate and to fulfill the endorsement of points.
Confirmation is subject to receipt of payment before the workshop.
FPAM reserves the right to amend the program, speaker, date, venue, etc, without prior notice.

Frequently Asked Questions

1. How long will each physical program take?

Each physical program is the equivalent of a day’s CE Workshop training for approximately 8 hours with the morning & afternoon coffee break and lunch in between. The duration of the program excluding the break is 6 hours.

2. Can I attend only half the sessions of the training?

You will need to sit in for the session throughout the day unless you have a valid reason or a copy of proof.

3. Mode of payment?

We accept payment by credit / debit card (VISA / MasterCard / AMERICAN EXPRESS / Discover), by FPX (Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, BSN, CIMB Clicks, Hong Leong Bank, HSBC Bank, KFH, Maybank2E, Maybank2U, OCBC Bank, Public Bank, RHB Bank, Standard Chartered, UOB Bank).

4. How secure is shopping? Is my data protected?

Your data will be handled confidentially and encrypted with SSL (Secure-Socket-Layer) secure server software. The encrypted information of your order, your name, address, credit card, and bank details cannot be retrieved by any third party. Credit card payments will also be verified through the 3D secure procedure.

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Kindly drop a message below with the problem statement, and we will get back to you as soon as possible.