Lawyers are too expensive
n Malaysia, estate planning can be costly. Alternatives: online platforms, legal aid, law school clinics, DIY kits. Regular reviews and caution advised.
Last Will & Testament
Tips for a successful estate plan
In Malaysia, estate planning per the Wills Act 1959 involves understanding assets, naming beneficiaries, seeking legal counsel, and addressing global assets.
The challenge of keeping your Will up-to-date
Regularly updating a will is vital due to life’s changes, shifting assets, and evolving laws. Despite challenges, it ensures clarity for loved ones.
How to document my assets
For smooth wealth transition: Inventory assets, detail key items, document liabilities, update beneficiaries, store securely, and consult a lawyer regularly.
Is the law out of date compared to the modern technology and lifestyle today?
Malaysia’s Wills Act 1959 may not cover modern complexities like digital assets, e-signatures, and diverse family structures, highlighting a need for updates.
What exactly is a Last Will and Testament?
A will distributes assets post-death. In Malaysia’s Wills Act 1959, it requires signatures, valid for those 18+. Events can revoke it. Legal consultation is key
Intangible assets and your Last Will and Testament
Address intangible assets in estate planning for Malaysia’s digital era. Navigate the Wills Act 1959, manage digital assets, and understand legal nuances.
The high cost of law in Malaysia
Online will-writing in Malaysia: advantages of cost, convenience, and guidance. Ensure compliance with the Malaysia Wills Act and understand its nuances