What are wills all about and why do I need them? Wills may seem like a by-product of an era long ago, for rich people with lots of money and properties that need a complex legal document to sort out all their affairs long after they pass. Movies have dramatized the will process with films […]
I read a book lately titled “Your Legacy of Love” by Gemini Adams. There is a great deal of interesting information in this book which describes the importance of leaving an emotional legacy and not just focusing on the estate planning of your material goods. At WillsMalaysia our tagline says “Your Legacy, You Decide” but
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What exactly is a Last Will and Testament? and do you need a lawyer to prepare one? According to Wikipedia it’s “A will or testament is a legal document that expresses a person’s (testator) wishes as to how their property (estate) is to be distributed after their death and as to which person (executor) is
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The Wills Act in Malaysia is applicable only to non-Muslims, since Muslim inheritance is governed under the Syariah law. However a Muslim should prepare a “Wasiat” which is equivalent of a will and appoint their “Wasi” which means an executor who would be incharge of their Wasiat. What makes a will valid?Under the Wills Act
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And the top 10 will writing myths are: Myth 1: It’s a known fact my children will get my property. This is perhaps the most ridiculous will writing myth. While there may exist state laws that govern the way family estates are distributed upon death for those without a written Will, there may be some
In this article let’s look at what you need to do to execute a will left by your loved one. Usually this is the grieving stage and there could be more pressing matters to look into. Once the immediate matters have been settled then the family will have the time to look into the decedent’s
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In my last article, I wrote about what happens when you die without a will. Now let’s talk about what happens when you die with a will. Your Appointed Executor will:– Administer Estate According to your Will– Apply Letter of Administration or Grant of Probate– Distribute the Estate According to your Will Approximate Time Until
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I would never wish this upon anyone as I personally know the frustration you have to go through. However it is best you have an understanding. Your Next of Kin will have to: Appoint Administrator Compile Information for Assets and Documents Carry out Self-Investigation on Debts and Assets Obtain LA from High Court Admitted as
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