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TSechoesian
post May 22 2014, 11:49 AM, updated 8y ago

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Anyone took the plunge and wrote your will using the new Maybank online Will ? I wonder what is the difference between online will vs face to face will by agent ?
Hapeng
post May 22 2014, 02:47 PM

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saw the function also online. how much do they charge do you know?
matow
post May 22 2014, 04:10 PM

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QUOTE(Hapeng @ May 22 2014, 02:47 PM)
saw the function also online. how much do they charge do you know?
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Extracted out from Maybankonline website :-

"The cost of writing a will via Maybank2u is RM298. The service is available for Malaysian citizen, 18 years and above (for Peninsular Malaysia and Sarawak) and 21 years and above (for Sabah)."
TSechoesian
post May 22 2014, 11:59 PM

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QUOTE(matow @ May 22 2014, 04:10 PM)
Extracted out from Maybankonline website :-

"The cost of writing a will via Maybank2u is RM298. The service is available for Malaysian citizen, 18 years and above (for Peninsular Malaysia and Sarawak) and 21 years and above (for Sabah)."
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RM298 compare to Rockwills I heard they charge 500-1000
wongmunkeong
post May 23 2014, 08:36 AM

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QUOTE(echoesian @ May 22 2014, 11:59 PM)
RM298 compare to Rockwills I heard they charge 500-1000
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In my experience, even RockWills is expensive comparatively if we get into more specific (ie. more clauses) and more "complicated" Wills with many "survivorship" clauses and options (IF... THEN.. IF.. THEN..).

My current redo with Pacific Trustee is RM3K (once & for all with most probabilities set in already).
Can't do with PBTrustee because they INSIST on liquidating my assets to hold in trust
VS
using a named or similar capacity asset management company based on my instructions for asset management & payout.

With RockWills, redo would be way more than RM3K tongue.gif

BTW, if U want cheap AND U are a Public Mutual Gold member, try PBTrustee first. Very cost effective to setup/revise and when Executing the Will, also competitive cost.

Just sharing notworthy.gif

This post has been edited by wongmunkeong: May 23 2014, 08:39 AM
Kaka23
post Jul 25 2015, 08:12 AM

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QUOTE(wongmunkeong @ May 23 2014, 09:36 AM)
In my experience, even RockWills is expensive comparatively if we get into more specific (ie. more clauses) and more "complicated" Wills with many "survivorship" clauses and options (IF... THEN.. IF.. THEN..).

My current redo with Pacific Trustee is RM3K (once & for all with most probabilities set in already).
Can't do with PBTrustee because they INSIST on liquidating my assets to hold in trust
VS
using a named or similar capacity asset management company based on my instructions for asset management & payout.

With RockWills, redo would be way more than RM3K tongue.gif

BTW, if U want cheap AND U are a Public Mutual Gold member, try PBTrustee first. Very cost effective to setup/revise and when Executing the Will, also competitive cost.

Just sharing notworthy.gif
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WMK.. Pacific trustee got do will punya?
T231H
post Jul 25 2015, 09:50 AM

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QUOTE(Kaka23 @ Jul 25 2015, 08:12 AM)
WMK.. Pacific trustee got do will punya?
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check this out...
http://www.pacificwillplan.com/
http://www.pacifictrustees.com/Private_Trust.html
Kaka23
post Jul 25 2015, 12:53 PM

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QUOTE(T231H @ Jul 25 2015, 10:50 AM)
TQ bro... icon_rolleyes.gif
wongmunkeong
post Jul 25 2015, 06:46 PM

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QUOTE(Kaka23 @ Jul 25 2015, 08:12 AM)
WMK.. Pacific trustee got do will punya?
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Yup http://www.pacifictrustees.com/
Kaka23
post Jul 26 2015, 10:33 AM

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QUOTE(wongmunkeong @ Jul 25 2015, 07:46 PM)
Arigato


blasto
post Oct 16 2015, 10:57 PM

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guys im planning to appoint Maybank for will writing .. Is Amana Raya good ?

http://www.maybank2u.com.my/en/personal/mo...ll-writing.page?
aeiou228
post Oct 16 2015, 11:09 PM

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QUOTE(blasto @ Oct 16 2015, 10:57 PM)
guys im planning to appoint Maybank for will writing .. Is Amana Raya good ?

http://www.maybank2u.com.my/en/personal/mo...ll-writing.page?
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HLB connect just added new service... eWill. RM200. Not sure how it works though.
blasto
post Oct 16 2015, 11:14 PM

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QUOTE(aeiou228 @ Oct 16 2015, 11:09 PM)
HLB connect just added new service... eWill. RM200. Not sure how it works though.
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thx info.. drool.gif thats cheap.. brows.gif
Bonescythe
post Oct 16 2015, 11:39 PM

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Yea.
Hlb e-will is very cheap.. and easy to understand.

Rm200.. kept by amanah raya also
cklimm
post Oct 17 2015, 10:20 AM

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QUOTE(Bonescythe @ Oct 16 2015, 11:39 PM)
Yea.
Hlb e-will is very cheap.. and easy to understand.

Rm200.. kept by amanah raya also
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can we actually use their template, fill it up,
get it signed 2 witness, get it stamped by oath commisioner,
and there's the RM10 will. brows.gif
Bonescythe
post Oct 17 2015, 10:41 AM

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QUOTE(cklimm @ Oct 17 2015, 10:20 AM)
can we actually use their template, fill it up,
get it signed 2 witness, get it stamped by oath commisioner,
and there's the RM10 will.  brows.gif
*
I think can also..

but would want to ask.. if lets say something happen to you, how will be the process be? Who will be the party incharge of the estate before everything is clear and hand over to the beneficiaries?

If u use rockwill, i assume they will help to execute all the stuff
if u use amanah, they will also help you to execute all the needed stuff.

if u use sendiri.. then beneficiaries sendiri go and do all the thing which i think the beneficiaries probably don't even know what is the process will be like???

This post has been edited by Bonescythe: Oct 17 2015, 10:43 AM
cklimm
post Oct 17 2015, 01:06 PM

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QUOTE(Bonescythe @ Oct 17 2015, 10:41 AM)
I think can also..

but would want to ask.. if lets say something happen to you, how will be the process be? Who will be the party incharge of the estate before everything is clear and hand over to the beneficiaries?

If u use rockwill, i assume they will help to execute all the stuff
if u use amanah, they will also help you to execute all the needed stuff.

if u use sendiri.. then beneficiaries sendiri go and do all the thing which i think the beneficiaries probably don't even know what is the process will be like???
*
if they want my money, sure they will cari jalan brows.gif
Bonescythe
post Oct 17 2015, 03:37 PM

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QUOTE(cklimm @ Oct 17 2015, 01:06 PM)
if they want my money, sure they will cari jalan  brows.gif
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Errr.... if they so noob.. all giv malaysian government ??? U will feel good in heaven tat time ?

Hahaha
cklimm
post Oct 17 2015, 03:51 PM

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QUOTE(Bonescythe @ Oct 17 2015, 03:37 PM)
Errr.... if they so noob.. all giv malaysian government ??? U will feel good in heaven tat time ?

Hahaha
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i'm pretty sure they will feel much more worse than a dead man feel
Bonescythe
post Oct 17 2015, 06:14 PM

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QUOTE(cklimm @ Oct 17 2015, 03:51 PM)
i'm pretty sure they will feel much more worse than a dead man feel
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Well.. it is grey. U are right on some point and might be wrong at some point.

Depends on how you see the responsibility. If leaving a proper legacy is a responsibility to you, then u have the responsibility to do a proper one lor... if u think it is not, then u can don't feel so bad bout it lor..

It is grey, no right no wrong.. haha..

This post has been edited by Bonescythe: Oct 17 2015, 06:14 PM
heavensea
post Nov 6 2016, 09:54 PM

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Hi all,
about hong leong vs mbb online will writing? Which one is cheaper?

I would like to have one will writing.. assets are including:
1) property
2) funds
3) FD, and some cash in hands
4) REITs
5) Stocks

can I simply including everything of above in my "Online Will Letter" provided by HLB or MBB? What I need is a simple and straightforward will writing..
Is valid as those lawyer/insurance company will writing services?

This post has been edited by heavensea: Nov 6 2016, 09:55 PM
wil-i-am
post Nov 7 2016, 09:10 AM

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QUOTE(heavensea @ Nov 6 2016, 09:54 PM)
Hi all,
about hong leong vs mbb online will writing? Which one is cheaper?

I would like to have one will writing.. assets are including:
1) property
2) funds
3) FD, and some cash in hands
4) REITs
5) Stocks

can I simply including everything of above in my "Online Will Letter" provided by HLB or MBB? What I need is a simple and straightforward will writing..
Is valid as those lawyer/insurance company will writing services?
*
Yes, u can as long as it's simple when u allocate to beneficiaries
heavensea
post Nov 7 2016, 09:11 AM

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QUOTE(wil-i-am @ Nov 7 2016, 09:10 AM)
Yes, u can as long as it's simple when u allocate to beneficiaries
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Tqvm sir.
wodenus
post Mar 1 2017, 12:10 AM

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Anyone can write a will for free. Will help if I can, don't have to pay like a hundred bucks or whatever to some online spammer smile.gif
wengherng
post Mar 1 2017, 12:47 AM

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QUOTE(Bonescythe @ Oct 17 2015, 10:41 AM)
I think can also..

but would want to ask.. if lets say something happen to you, how will be the process be? Who will be the party incharge of the estate before everything is clear and hand over to the beneficiaries?

If u use rockwill, i assume they will help to execute all the stuff
if u use amanah, they will also help you to execute all the needed stuff.

if u use sendiri.. then beneficiaries sendiri go and do all the thing which i think the beneficiaries probably don't even know what is the process will be like???
*
Yes, fully agreed with you.
The will-writing part is easy, anyone can do it using any platform they like.
But the real task is the execution part, and that's where the real differences in cost are.
I have mine done with Rockwills many years ago for something around RM3k, and for the price, I get perpetual will custody (they will keep the will safe for me, as opposed to me having to keep it myself) and also will act as the trustee once I kick the bucket.
All my family needs to do is to bring the death certificate to them, and they will take care of the rest, paying off all debts, liquidating all assets, etc. until the intended beneficiaries get the inheritance.
They don't have to worry about all the hassle, and don't have to pay a single cent extra.
I'm sure my family members will already be very distraught and in grief......no need to add more hassle to that with all those legal processes like court letters and dealing with banks, etc. which could take many months.


wodenus
post Mar 1 2017, 12:56 AM

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I just have the usernames and passwords to all my accounts somewhere safe. Everyone knows where that is. Saves 3K.
MGM
post Mar 1 2017, 01:00 AM

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QUOTE(wengherng @ Mar 1 2017, 12:47 AM)
Yes, fully agreed with you.
The will-writing part is easy, anyone can do it using any platform they like.
But the real task is the execution part, and that's where the real differences in cost are.
I have mine done with Rockwills many years ago for something around RM3k, and for the price, I get perpetual will custody (they will keep the will safe for me, as opposed to me having to keep it myself) and also will act as the trustee once I kick the bucket.
All my family needs to do is to bring the death certificate to them, and they will take care of the rest, paying off all debts, liquidating all assets, etc. until the intended beneficiaries get the inheritance.
They don't have to worry about all the hassle, and don't have to pay a single cent extra.
I'm sure my family members will already be very distraught and in grief......no need to add more hassle to that with all those legal processes like court letters and dealing with banks, etc. which could take many months.
*
Only charges a one time fee of rm3000, and not taking a small % of the liquidated assets? Any charges in between when u make changes to d will?
wengherng
post Mar 1 2017, 01:53 PM

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QUOTE(MGM @ Mar 1 2017, 01:00 AM)
Only charges a one time fee of rm3000, and not taking a small % of the liquidated assets? Any charges in between when u make changes to d will?
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Nope, they don't, unless under some very specific circumstances where the transactions take very long (like several years), then they do charge extra.
I don't remember exactly the precise situations and clauses for that now, as it was several years ago, but I do remember that I had factored them into my consideration before deciding on Rockwills, and had determined at that time that it was not very significant.
But if you make changes to the will, then yes, every change will incur charges, and not cheap too (like several hundred RM) if your changes are significant.
So, I just wait several years until there are some significant life changes (e.g. children) then do all changes at once.
But my beneficiaries are the same, and I set up my will in such a way that even if I do not update it regularly, the asset allocation wouldn't change much anyway.


MGM
post Mar 1 2017, 02:15 PM

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QUOTE(wengherng @ Mar 1 2017, 01:53 PM)
Nope, they don't, unless under some very specific circumstances where the transactions take very long (like several years), then they do charge extra.
I don't remember exactly the precise situations and clauses for that now, as it was several years ago, but I do remember that I had factored them into my consideration before deciding on Rockwills, and had determined at that time that it was not very significant.
But if you make changes to the will, then yes, every change will incur charges, and not cheap too (like several hundred RM) if your changes are significant.
So, I just wait several years until there are some significant life changes (e.g. children) then do all changes at once.
But my beneficiaries are the same, and I set up my will in such a way that even if I do not update it regularly, the asset allocation wouldn't change much anyway.
*
TQ.
idoblu
post Jul 19 2018, 11:21 AM

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how come online will writing no need two witness? sorry to dig this up
MUM
post Jul 19 2018, 11:34 AM

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QUOTE(idoblu @ Jul 19 2018, 11:21 AM)
how come online will writing no need two witness? sorry to dig this up
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while waiting for responses,...
googled and found this.....
step 5?
https://thywillbedone.com.my/how.php
idoblu
post Jul 19 2018, 12:01 PM

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QUOTE(MUM @ Jul 19 2018, 11:34 AM)
while waiting for responses,...
googled and found this.....
step 5?
https://thywillbedone.com.my/how.php
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Thanks
ytan053
post Jul 28 2018, 01:58 AM

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QUOTE(idoblu @ Jul 19 2018, 11:21 AM)
how come online will writing no need two witness? sorry to dig this up
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If only will writing online is as simple as what is mentioned.

You must know what is the criteria of having a valid will, which without it, the will is not valid and hence is as good as not having a will (Waste money).

Problem 1:
One of criteria for the will validity is that 2 witnesses must sign in the presence of the testator and vice versa. The main functions of witnesses is to ensure that the testator is of sound mind at the time the will is made. Without which, the will is not valid.

Problem 2:
For simple will that charge low fee, they do not have substitute executor, which may create another problem when the executor pass away before the testator -> results in will is not valid.

Problem 3:
Unless you are in this profession, otherwise you dont know what other things that you may have missed out. If you do not have residuary clause to cover assets not mentioned in the will, your will is incomplete and results in partial intestacy -> need to apply for Letter of Administrator (LA) with 2 sureties, etc. Huge difference between applying Grant of Probate or LA in terms of cost and time. Dont even mention the hassle with LA in terms of time, costs and whether can proceed at the end of the day when all beneficiaries need to unanimously agreed for the appointment of Administrator.

Problem 4:
Proper Custody. Think that safe box is safe? if no one find the testator's will, it is as good as not having a will.

Conclusion:
Reading and googling info is one thing but whether it can be used in reality world? good luck.

Because to write it without proper knowledge and advice, you may end up with a will that is may not be valid or will that is VALID but not complete, which results in partial intestacy. Moral of the story - you want a cheap but might not be a valid or complete will or you want to have a basic, complete and valid will that can works.
shiocarl
post Aug 11 2018, 02:29 PM

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Providing services drafting of Will, proper with customisation of additional clauses to cover your required unforeseen circumstances.

Main post, read more here for service:
https://forum.lowyat.net/topic/4635673


There will be no additional charges on all sorts of reimbursements, claims, stationary costs, transport..etc that rakes up an expensive final amount (which is what you'd actually pay at the end) that many legal firms or agency charges.

Will draft service at an assured rate when quoted the fees.

 

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