The golden years

Losing a family member is never easy to handle, but this is a fact of life. For some, it may happen more than once. During such times, our financial affairs may not seem to be our priority. However, it is important to make sure that everything is in place. Family members or close friend could probably provide you with emotional support through such difficult time, whilst at HSBC Amanah, we are always available to guide you through the maze.

In the event of death there may be a Will, and certainly the deceased’s estate will need to be settled. The assistance of a lawyer should be sought, and the Bank can help you in making the necessary arrangements to close accounts and provide help with expenses and so on. If takaful policies are involved you may need to set up a Smart Account-i or General Investment Account - i (AGIA-i) any takaful payouts; this account could also be used initially for any inheritance while you discuss with a Financial Guide some more long-term options such as our Islamic Structured Investments.

And perhaps you will need to write a new Will of your own through our Islamic Will Writing and Trust services to make sure that the people you intend to benefit will in turn inherit your estate.

Useful tips

There are many support groups like Befrienders or Women’s Aid Organisation in Malaysia who help people like yourself through the pain of loss; you can find a list at your library or through your local Social Services Department.