Tuesday, February 24, 2009

Why we need a Will?

Without a Will, your assests ould be more troublesome than beneficial to your family at a time when they are mostvulnerle. They could become involved in a long drawn process with the law or a complex legal battle.



Without a Will, the law will decide who your beneficiaries should be. You should never assume that your assests would go to the person you want to benefit. Leave nothing to chance. Make a Will and the law will protect your wishes.

With a Will, you can:
  • Decide who shall be your beneficiaries
  • Determine what assest goes to each beneficiary and when they are to receive
  • Appoint an experienced Executor, such as Rockwills Trustee Bhd to administer your estate
  • Specify which assest should be used to pay your debts first
  • Avoid administration bond

Friday, February 20, 2009

What is Will?

A Will is a legal document where you list down your wishes and these wishes will only be acted upon in your absence / death.

At first I thought why we need a Will? If after I pass on my family members will get all my properties, as long as they are my legal spouse and children. I think many people thinking are like me, especially the elderly group.

Will to many people is a document they need when they think they are going to die soon, so now quickly write down your wishes. Writing Will is a BIG DEAL to many people, have to look for lawyer and pay a lot of money.

It's also a sensitive topic to touch, as many people will think we are cushing them to die faster. Or even people believe that after writing a Will they will die soon.
A lot of wrong believes.

My intention of writing a Will is mainly to protect my family members of course if die who will take care of all my family members and what will happen to all my property?
Will all my property reach my children and spouse safely? No one know and I can't answer this question. That's how I started to find out what is Will and what should we do with it.

Will is not as what I thought earlier and my spouse and children will not AUTOMATICALLY inherit my property, there are many things they need to do and many processes and procedure which even an educated person will think it's very troublesome.

After I have more knowledge about Will, straight away I decide to write a Will, of course with my spouse.
Reason is simple : I want my Love One be protected after I'm gone!