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In: AccountingHarry, aged 52, has two children, aged18 and 16 respectively. His wife died of cancer...Harry, aged 52, has two children, aged18 and 16 respectively. His wife died of cancer last year. Hisannual salary is HK$800,000 as a Senior Manager in a bank. He hasan apartment with a current market value of $8,000,000, mortgageoutstanding of $1,000,000 and has 8 years remaining term. Since hespent substantial medical expenses for his deceased wife, he hasaround $1,500,000 liquid asset left. However, he also got $800,000death benefits from his wife life insurance policy and his employerprovides a $1,000,000 life insurance policy coverage with his twochildren as the beneficiaries.What is your advice to Harry in the short run, before hisplanned retirement at the age of 60 ? Try to focus on investmentplanning.Do you think it is the right moment for him to consider estateplanning ? If yes, what kind(s) of estate planning method(s) youmay suggest to him ?