PERKESO / SOCSO 死亡撫恤金分配法

Estate Administration Process

馬來西亞遺產分配法律 - 您所愛的人在您離開以後都會怎樣?

有遺囑和沒遺囑的分別

怎樣把遺產解凍

遺產管理書 Letter of Administration

我不在了,遺產被凍結!

Will Writing

A Will is defined under the Wills Act 1959 as “a declaration intended to have legal effect of the intentions of a testator with respect to his property or other matters which he desires to be carried into effect after his death and includes a testament, a codicil and an appointment by will or by writing in the nature of a will in exercise of a power and also a disposition by will or testament of the guardianship, custody and tuition of any child.”

With a valid will, your last instructions and wishes will be clearly and professionally defined to ensure your loved ones receive the best of you.

Your Will may contain provisions pertaining to, among others, the following:

• Revocation of earlier Wills
• Appointment of executor, trustee and guardian
• Distribution of assets to your beneficiaries
• Specific conditions may be given in dealing with your assets and/or beneficiaries
• Donations to charities
• Directions for funeral arrangements
• and all other important messages and instructions from you to your loved ones

A Will operates as a Declaration of Intention and does not interfere with your power of disposition during your lifetime. It only takes effect on your permanent absence. Your Will ensures what you plan for your loved ones with regards to your estate, will be executed accordingly.

Contact us for more info. +60126366468

Where is your Will? Is it Safe?

Just to share how important is Will Custody.
Here is a video sharing of Rockwills Custody.
If you have not decide where to put your Will / you have forgotten where is your Will !
Take a few minutes to view this video, you will know how safe is Rockwills Custody.

http://www.youtube.com/watch?v=Q11L7yFOjxA

If you are keeping your own Will / it's kept by someone / anyone.
Please reconsider to put it in Rockwills.

For more information, please contact : 012 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