Ok, here you go...the cost of execution

As Salihin
The first RM1million - chargeable rate of fees: 1.8%pa (subject to minimum of RM5000)
Value in excess of RM1million - 1%pa
Value in excess of RM10million - 0.5%pa

Amanah Raya
The first RM25k - chargeable rate of fees: 4%pa
25001- 225000 : 3%pa
225001 - 250k : 2%pa
250001 - 500k : 1%pa
Value in excess of RM500k : 0.50%pa

Thank U Zuyee88

Hi guys,

I would like to write a simple will of house to my wife, It is got those budget will charges around rm200-250.Please advice

A simple will does , as long as it is valid till I die

Regards,
Leong

Might be able to help you. Just check your pm.

nowadays we could do a WILL via M2U

Is it legal or valid?

Ask your lawyer friend to do for you. Treat him a nice dinner will do.

Rockwill any good? Anybody's will is doing with them?

If one is multi-millionaire with many assets including properties scattered around the world and has annual dividends from different companies around the world,

better go for lawyer otherwise if not planned properly, the beneficiary will not be able to claim everything back

What if the witnesses died before you do? Or can't be found because he have moved overseas etc?

So wouldn't it be better to do it with a bank that's more likely to be around like PB Trustee?

Did you have a blog on will writing?

googled and found this....looks like relevant
http://www.malaysianbar.org.my/non_muslim_...itance_law.html

Anyone have experience to share with using Rockwill services. It'll be great if someone can share a real life experience.

The executor will execute the will when testator(person who wrote the will) pass away. AFAIK, no need lawyer unless the executor is represented by a lawyer. Bear in mind:
1. Advisable to have more than 1 Executor to act as a substitute when the main Executor dies before execution of the will
2. Executor must be honest/reliable and have time to complete the process of the administration of the deceased estate

A will done with local estate planning company also can help person who has assets overseas.

The will is still valid.
Quoted from Wills Act 1959:
Will not to be invalidated by reason of incompetency of attesting witness
8. If any person who attests the execution of a will shall at the
time of the execution thereof or at any time afterwards be incompetent
to be admitted a witness to prove the execution thereof, such will
shall not on that account be invalid.

When engaging lawyers for estate planning matters, make sure you look for one who specialize in estate laws. Just like some lawyers specialize in conveyance while some specialize in criminal law.

If one is a multi-millionaire, will alone may not solve his / her needs. Usually, millionaire will look at how to preserve his assets so that it can be enjoyed for many generations - as there is a Chinese saying "Wealth can't last more than three generations". In this case, a trust or a foundation will be able to achieve his purpose.

While it is fine to name your executor as the guardian, some with family problems may want to reconsider separating the two roles to different parties.

There was a case where the testator (Jane) appointed her sister (Anna) as the guardian and the executor. After Jane move on, Anna assume the responsibility of taking care of Jane's two children. One day, Anna's husband went into financial hardship as his business was not doing well. Anna, out of love for her husband, use the children's inheritance to help her husband.

We can't say that Anna is completely cold blooded / irresponsible, this scenario can be prevented with proper estate planning.

anybody got a proper will and can just share the template here?
i mean a proper will as in either crafted by professionals or will writers or lawyers, etc.
thanks.

i attached one. think it's good enough to be used?
genuine advices appreciated.
cheers!

This post has been edited by kochin: Sep 3 2015, 08:51 AM


Attached File(s)
 will_actual___blank_template.pdf ( 314.19k ) Number of downloads: 143

Hi KoChin,

Just my 2 cents as an "end user" for Public Trustee's & Pacific Trustee's Will writing services:
1. Item 2:
U may want to reword as such:
If my spouse, XXX XXX XXX predecease me or shall not survive me for a period of one month then I, HEREBY DECLARE that

2. Attachment 1:
I'd suggest not including it such way in the Will
BUT just state it as an "Asset & Liability list", thus can be updated anytime for your Executor to know where & how to get to your assets.

3. U may want to have another survivorship clause for Executor & Trustee
especially someone / legal entity that doesn't usually travel or be near your wife or your bro-inlaw
choy choy choy BUT ACCIDENTS HAPPEN and if all the Executors are usually travelling together or near each other..
one-shot both koyak how?

4. Items 8 & 9:
Choy choy.. but survivorship clause may be a bit unclear.
eg IF (CHOY! ya - my apologies if my IF offends) child PASSES after U
AND does not have child(ren) of their own
.. er.. so.. how?

5. Guardianship for your children?

I'll "clean up" my simple Will
+ complicated as kaka Will cum Trust
to share later.. er.. hope i can find time heheh

BTW, good share

This post has been edited by wongmunkeong: Sep 3 2015, 05:18 PM

thanks for your pointers.
you raised some pretty good points especially on item 4 and 5.
may need to rework it a little.
thanks again and looking forward to your sample!

Here's the simplified Will i drew with PB Trustee years back.
urgh.. sorry, i couldn't convert to MS Word to remove the data,
thus screenshot and used red squares to block off private data.

Note - Trustee here is a Company, thus Company No.
Please change to IC Number if human



Attached File(s)
 Blank_Simple_Will.pdf ( 283.39k ) Number of downloads: 320