I Can Write My Own Will

If you have written yours, is it within the ambit of various laws - such as guardianship, family inheritance, Wills Act and Trust? Your Will may be invalid of it's improperly written and as a resuly may cause hardship to your family. You may save some money now, but is will c your family more to repair the damage later.

How The LAW Affects Your Wealth

During your lifetime, you would have made and signed many important documents.
Does a Will fall among your many crucial documents?
To pass away without leaving a Will will lead to some catastrophic results. All your assets will be distributed according to the law i.e. the Distribution Act 1958 (as amended 1997).

The Distribution Act 1958 will decide on the apportionment of your assets. Your loved one have no say but to respect the effects of it.

Therefore, without a Will, no provision can be made for your:-

1. Parent if you are not married
2. Step-children
3. Illegtimate children
4. Aged relatives or others who are dependent upon you

Most people assume that the deceased's estate would automatically vest with his/her spouse and children. Unfortunately, this is only a misconception.

The Law distates that as long as the deceased has surviving parent(s), they will inherit a quarter share of his estate. The other quarter share will go to his/her spouse while the remaining half share will vest with his/her children. Further, if the surviving parent(s) passes on without a Will, their quarter share will then be inherited by the deceased's siblings. Hence, to avoid this draconian measure,it is important that you write a Will and ispose of your assets in accordance with your own wishes.

Furthermore, the following person(s) are entitled in accordance to priority when a person dies intestate without leaving a surviving spouse, child or parent:-

1. Brothers and sisters
2. Grandparents
3. Uncles and aunts
4. Great grandparents
5. Great uncles and aunts
6. Government

You are now aware of the effects of the Distribution Act 1958. Do you think it is a fair distribution and would you allow your estate to be divided in this way? If not, do not procrastinate any further! Wise up and write your Will today with Trust Wills Professional Will-writer who are only a call away! Let the experts visit you and tell you more.

Call Candy Loo at +6012 6366468 now!

RM40 BILLION UNCLAIMED CASH AND ASSETS LEFT BY THE DEAD!

RM40 BILLION UNCLAIMED CASH AND ASSETS LEFT BY THE DEAD!

HAVE YOU MADE A NOMINATION REGARDING:

• Your EPF / Insurance
• Your Unit Trust investment / share
• Your house(s) / properties
• Your antique collection
• Your car(s)
• Your club memberships
• Your jewellery
• Your cash / saving

If your answer is NO to any of the above, then you may be adding to the statistics. And to your family's problems.

Your solution is contact;

Candy Loo - Professional Estate Planner to write your Will or set up a Trust.

+6012 6366468

Why a Will is essential?

Will is an essential document but people often ask why a Will is necessary when there is the Distribution Act 1958. Reasons as follow;

1. Choice of Executor/Trustee - Testator has right to choose who to administer his estate
2. Continuity with RWT - When RWT is appointed in the Will as Executor, there is assurance of continuity in estate administration.
3. No dispute ove administrator - With appointment of executor in the Will, no dispute over who to appoint upon death.
4. Determine distribution -With a Will, can decide who, how much to get, when and ever defer distribution till beneficiaries reach certain age.
5. Allocation instead of sharing - Testator can choose a particular assest for each beneficiary.
6. Faster distribution - Avoids waiting for Letter of Administartion (LA) which can take longer time.
7. Guarantees not required - With a Will, avoids requirement for 2 sureties to get LA to administer estate.
8. Appointment of guardian - Testator has right to choose a guardian for his/her children who are minors.
9. Can take care of non immediate family members - With a Will, can bequeath to non-immediate family members.
10. Probate less costly - Shorter time means less legal costs.
11. Can protect minors' future - Testator can set up testamentary trust in the Will to protect the interest of dependants who are minors or disabled.
12. Prevent estate going to government - With a Will, prevents estate going to government for those without surviving family members.
13. Can raise emergency money - Trustee can obtain finance on behalf of beneficiary to raise emergency funds.
14. Can make provision to settle debts - Can allocate specific assests to clear liabilities.
15. Future acquired & inherited assests - Testator can choose his/her beneficiary for a particular assest which he/she will acquire or inherit in the future.
16. Can do charity - Testator canmake charitable donations.

Contact for more information;
Professional Estate Planner
Candy Loo +6012 6366468