QUOTE(leo_kiatez @ Jul 7 2020, 03:43 PM)
This service is for ALL assets or ONLY for ASNB units?
Only for ASN units in my case.
QUOTE(familyfirst @ Jul 7 2020, 04:36 PM)
It has a section for bukan Islam, so I guess it covers ASM. Its this for beneficiary nomination? So when someone pass away, do they follow the last Will or do they follow nomination form only (like EPF)?
They will follow this P.A.
Do note that unlike will, it's not that "customisable", at least what I was told when I did mine. So for me, I only stated everything goes to waifu.
Example, if you give it to wife, you cannot add "in the event wife dies within 30 days from you, the units then go to the son". This clause is usually added in wills to address the concert about both will owner and beneficiary dying at the same time, for example in accidents.
When someone gives to waifu, what happens if both die in an accident? In asnb P.A,, afaik, the husband's units still go to the dead wife. How the units will move after this, I guess depends on the wife's will.
I stand corrected.