If you find that legal fees in Malaysia are prohibitive, there are alternative approaches you can consider for estate planning and drafting your will:
Will Writing Services: Some companies specialize in providing will writing services at a fraction of the cost of hiring a lawyer. These services typically offer templates and guided processes to help you draft a valid will.
Online Will Writing Platforms: With the advancement of technology, there are online platforms, like WillsMalaysia.my, where you can create your will. These platforms often have templates tailored to the legal requirements of specific regions, including Malaysia.
Legal Aid: Look for legal aid organizations or non-profit groups that might offer free or reduced-cost legal services for individuals who can’t afford private attorneys.
Law Schools: Some law schools may have clinics where law students, under the supervision of licensed attorneys, offer legal services at reduced fees or even for free.
Templates and DIY Kits: There are DIY will-writing kits and templates available in bookstores or online. However, be cautious with this option. It’s crucial to ensure that any template or kit you use complies with the Malaysia Wills Act 1959 and other relevant regulations.
Community Workshops: Occasionally, community centers, religious institutions, or non-profit organizations might offer workshops or seminars on estate planning. These sessions can provide guidance and basic resources for drafting a will.
Mediation: If you anticipate disputes or conflicts among beneficiaries, consider suggesting mediation as a first step to resolve differences before resorting to legal proceedings. Mediation can be less expensive than litigation.
Consider a Joint Will: If both you and your spouse have similar wishes, you might consider drafting a joint will. While it might not be ideal for every situation, it can sometimes be a cost-effective solution.
Review and Update Regularly: If you opt for a more affordable method, it’s essential to review your will regularly. Ensure it remains up-to-date with your wishes and any changes in legislation.
Be Organized: By maintaining a well-organized list of assets, liabilities, and beneficiaries, you simplify the process of drafting or updating your will, which can further reduce costs, especially if you’re paying for assistance by the hour.
While these alternatives can be more affordable, it’s essential to recognize the potential risks of drafting a will without professional legal advice. If your will is challenged or deemed invalid due to a minor oversight, it could lead to unintended consequences for your beneficiaries. If you’re unsure, it might be worth consulting with a lawyer, at least for an initial consultation, to ensure you’re on the right track.
WillsMalaysia has partnered with Nirvana Asia via Yankee Life Planning Advisory through their online platform Central Funeral Care to offer comprehensive Pre-planning and Legacy planning services. This partnership aims to provide a seamless and thoughtful approach to end-of-life planning, ensuring peace of mind for members and their families. WillsMalaysia members qualify for a cash gift when you signup with Nirvana Asia via Yankee Life Planning Advisory. To learn more about our partnership of care click here.