How does your marriage or divorce affect the validity of your will? That’s a great question. Your will is automatically revoked when you get married or remarried. A divorce however does not affect the validity of a will. You need to create a new will in such circumstances. Our advice at WillsMalaysia is that writing …
This is a topic that not many will converse over the dinner table with your family, it will never be an “opening topic” or and “ice breaker” it will always be the “please don’t talk about this, I am not ready” topic. For some, it will be the conversation that will help others prepare for …
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 …
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 …
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 …
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 …
Many people I speak to generally understand the importance of a Will but procrastination always get the upper hand. Here are some reasons to think about: Choose your beneficiaries Write bequests for charity Choose how assets are distributed Choose trustee and executor Set up trust for minor children Choose guardian for minor children Speed up …
