21/06/2023
If you run a business, it is normal to have creditors.
Afterall, to have a better cashflow, many businesses will opt for credit terms.
This is practiced everywhere.
The only difference is the amount owed.
Sadly, if the event of a business owner's passing, their creditors have every right to claim from his/her beneficiaries estate.
To put it simply, our client here, Kak M, a businesswoman, explained how 70% of the late friend's estate was paid to her creditors and it left nothing much to her surviving loved ones.
More importantly, she found out through our Business Succession Planning, her estate insurance and cpf need not be used to pay her creditors in the event of her passing.
The question today, if you have liabilities and would like a good coverage for it so if the inevitable happens, your liabilities are taken care by us and your loved ones can carry on living without worrying about inheriting and settling your debts?
If yes, click on the message button to find out more about our Business Success Planning and how it can be applied to further enhance and protect your estate and leaving it solely for your loved ones to benefit.