Does anybody know the charges for CIMB Wills Online? Pros/cons?

If the guy is foreigner, he should go to EPF office to state beneficiary name and bring along witness as well. Witness cannot be the beneficiary.

However, for those persons are Muslim in Malaysia, they are required go to EPF office to do nomination as well. However, the nomination person role is nominee, not beneficiary. As such, it is required muslim to write a wasiat to distribute the EPF money to beneficiary according to Faraid rules.

Hey guys, I am a Wasiat writer for Public Bank Trustee. Post ANY questions regarding wasiat here and I will do my best to answer them

Which one you guys think can be the most effective executor for the will? ARB, Banks or Rockwills? Pls advise..

Will is valid regardless who wrote it as long as it is Last Will and signed by all relevant parties.

Problem is, is the content still relevant, after 15 years?

IF you DIY plumbing problem, you can live with the error, if any, or you know the error, if any.

If you DIY Will, you might not know your error. by the time (Execution), it is too late.

Invalidate may not be the worst outcome....

Worst outcome can be worse than no Will.

Check this out :

http://www.mahwengkwai.com/wills-in-malaysia/

If you follow these instructions, your will should be valid. Why wouldn't it be anyway, how many million do you have to give away

Now M2U can do online will!

After write will. Insert executor, and nominee. Do we still need lawyer to process the will when owner pass away?

anyone did Will with M2U online? looking for a cheap option as most likely I will get a proper one drafted by lawyer after I got my first kid.

Yup, "small got small game", "big got big game".
When no millions - DIY will enough - just make sure the structure and wordings are good as per wodenus' shared-link.

When have millions - in my humble opinion, go to Trust companies better than common legal firm.
Common legal firms - will they last longer than the Will?
Additional logic - when have millions, one wont just do a Will but a Trust fund to protect love ones from being "destroyed" by sudden lump of $ ("lottery winners curse").

Just a thought

I have done own will.

I am not rich but not poor too.

My institute, mia teach us how to do our own will before
that was like 7 years ago. But i only did mine recently.

This post has been edited by tikaram: Jul 21 2014, 08:35 AM

writing a will with professional firm will charge you from few hundred to few k. but it's just the only first step of your asset distribution..the main charge you need to bare of distribution is come after decease..from 1% to 4% of your total asset!!! and its still not include legal cost yet..

in writing your own will, many factor need to be consider such as who will be your executor? who will be the guarantor? who is the trustee? is your executor have the ability to complete whole distribution process? is your will cover all the asset your left?

beside will, there are many other tools you can consider for distribution such as trust, power of attorney, insurance, epf etc..

When DIY or making a Will to be executed by family/friend - the "guarantor" will usually be the "oh oh.. i should have thought of that" - especially if the Estate is substancial VS cheapskate Testator thinking of saving 1%-2% of total Estate by DIY-ing (penny wise, pound foolish?)

Will Writing Services with Amanah Raya or As Salihin

On every Tuesday - there will be offer for Amanah Raya and As Salihin Will Writing Services!

Amanah Raya - NP: RM350
*NOW RAYA PROMO PRICE - RM250 only!*

As Salihin - NP: RM1280
*NOW RAYA PROMO PRICE - RM980 only!*


Promotion ends on 30 September 2014.
Offer only applicable on every Tuesday, normal price applies for other days.

Offered by Al Rajhi Bank Malaysia

Contact Ms.Ng 012-3307835

May i know the cost of execution when Testator kaputs?

If you do not own any business, it is easy to write yr own will. Everything is straightforward. I wrote my own will. But make sure the witnesses to your will are those who are easy to locate when you pass away.

The introductory part is mostly the same:
IDENTIFICATION
This is the last Will of me,....................... (IC No:.......) of ................(Address)

REVOCATION
I revoke all previous Wills and Testamentary documents made by me.

EXECUTOR APPOINTMENT
I appoint my wife ..........(IC NO. ) of ..............in the State of ........, Malaysia To be the Executor(s) of this my Will and Trustee(s) of my Estate.
If my wife predecease me or are unable or unwilling to fulfill this role then, I appoint ...............(IC NO.......) of .......... in the State of .........., Malaysia as Executor and Trustee of my Estate.

SPECIFIC BEQUESTS
I make the following special bequest:-
To my son ........ (IC NO. ............) of ...............in the State of .... Malaysia, I leave free of all costs my house at ..............., Malaysia.

RESIDUAL ESTATE
I hereby leave the residue of my estate, both personal and real, subject to other provisions in this Will and after payment of my debts, funeral and administrative expenses associated with this Will
To my wife, ........ (IC No ............) and to my daughter .........(IC No...) in equal shares

OTHERS
IF any of the abovementioned beneficiaries shall die, the surviving beneficiary(ries) shall be entitled in equal shares and free of all cost to the respective shares in my estate including my residual estate that the deceased beneficiary would have taken PROVIDED THAT the surviving beneficiary is alive at the time of distribution of my estate.

ATTESTATION OF WILL

Dated this day of in the year

Signature of Will-maker ______________________________________________

Signed by the Will-maker as his/her last Will in the presence of both of us being present at his/her request at the same time and in the presence of each other and the Will-maker, hereunto subscribe our names as Witnesses.

Signature of Witness Signature of Witness

----------------------------------- -------------------------
Full name : Full Name :
IC No : IC No :
Date of Birth : Date of Birth :
Address : Address :

Occupation :
Date :



-----------------------------------
Full name :
IC No :
Date of Birth :
Address :

Occupation :
Date :

* the executor can be a beneficiary of the will*
* the beneficiary cannot be a witness to the will *

This is a simple will for those who does not own any business. If you do own business, then it is advisable to consult a lawyer.
Many people change their will often as a will can go out of date due to new developments in life.

I have acted as an executor of my parents estate & I know that if your beneficiaries are not able to locate both the witnesses, your will is not valid.

If you have a will, yr beneficiaries does not need any guarantor.

*** By the way, this will is for those whose children has already attain the age of 18 years as there is no clause for the appointment of guardians.

This post has been edited by Oracles99: Jul 24 2014, 10:46 PM

For those who have children below the age of 18 years, there is a need to insert the Guardian clause.

GUARDIANSHIP
After the death of both myself and my wife ............, it is my desire and if the Law permits my sister ............ shall be the guardian of any of my children whose age at the time of distribution of my estate shall still be under 18 years.

TRUSTEE POWERS
I hereby empower my Trustee to manage and invest (as the Trustee thinks fit)
any property due to a minor beneficiary under this Will for the education,
maintenance and benefit of that Beneficiary.

** if you wish to appoint yr sister as a guardian, then put her as an executor as well.

This post has been edited by Oracles99: Jul 24 2014, 11:02 PM

With a valid Will, yr executor should approach a lawyer to apply for "Grant of Probate" in the High Court. With this document, the executor can transfer all the assets of the deceased to the beneficiaries.