thanks for sharing.
it does looks more robust.
i like the guardianship and also sub-clause of "in the event" scenario.
but choi! just asking. in the event whole family is travelling together and something happen, how ah?
i was thinking to follow your clauses for the distribution with only one additional clause where if all children also xxx then the proceeds goes to siblings perhaps?

now my biggest concern is still the executor. need to refine that and i think i am good to go liao.

Q:
1. can we alter the list from time to time? eg. will is dated today but the list is updated once every year or so?
2. how many copies of the will and who is in possession of it?


boss, thanks again.

boss dalam bilik
i = ekuli je

bro, that scan shared was my old Will
Current Will takes care of if 1 car all gone - it'll go partially to my Sis, nieces & nephew + bro-in law
Those fellows do not usually travel in-line with us - thus 2nd-party to get $

3rd party = WWF & UNICEF if even 2nd party all hangus..

thus not a dime to the "dang filthy U know who wants donations"

A:
1. can we alter the list from time to time? eg. will is dated today but the list is updated once every year or so?
A1. The asset list U mean? Yes - your Will is unchaging unless new Will
Asset list is just a list of Assets & liabilities for your executor(s) to know where & how to get to our stuff

2. how many copies of the will and who is in possession of it?
Usually - "2 original" copies (ie ori signatures) - 1 for trustee, 1 for me
then i scan copy to my wife, mum, sis, bro inlaw

Hope the above helps.

Now to find time to clean-up current Will and stuff - should be useful for those thinking of doing a Trust to invest & payout IF love ones cannot/don't want to manage estate investments to last 2 generations / up to 80 years.

very good and informative sharing.
maybe i should seriously set up my trust as well.
but i got scared off with the fees.
lol.

to me, it's worthwhile if my non-properties investments are > RM3M +/-
and
if my love ones cannot (skills/knowledge) OR will not manage the assets (fear/greed)

BTW, NOT very expensive - it's like 0.5% or less of the total value under management per year only, excluding transaction / brokerage charges if buy/sell management happens.

Note - since i do NOT have RM3M worth of financial assets yet, my current will has something like:
IF blah blah >=RM3M then a testamentary trust is to be created and section blah blah executed
ELSE
payout blah blah

Yes - lazy to re-write again until/unless i have my dream of seeing my kids grow up good enough to manage on my behalf

BTW - one can also specify the Trust to payout a % to charities too yearly - do some good, give back kind of thing.

urgh.. i seriously need 1/2 a day to clean up that version of Will + Insurance Trust + the overview to explain what the heck is going on (i've 1 page in Power Point for my wife, mum, sis to see big pix and understand heheh)

This post has been edited by wongmunkeong: Sep 7 2015, 03:01 PM

hi all,

trying to understand the difference between ARB and OSK Trustees/Rockwill. I was told that it will be easier and faster if i go to ARB to execute the will. If you go through OSK/Rockwill, the process will be more tedious and cumbersome.

I'm new to this, any input pls? Is ARB really that good? If it's good, then I was thinking Rockwill/OSK sure tutup kedai already but this ain't happening, so something must be good with OSK/Rockwill as well.

Appreciate input here! i don't really have a solid understanding on the pros and cons between ARB vs OSK/Rockwill ....

NOT very expensive - it's like 0.5% or less of the total value under management per year only, excluding transaction / brokerage charges if buy/sell management happens.

Note - since i do NOT have RM3M worth of financial assets yet, my current will has something like:
IF blah blah >=RM3M then a testamentary trust is to be created and section blah blah executed
ELSE
payout blah blah

Hi referring to the above.
1)Does it mean trustee starts charging 0.5% yearly after your death managing the trust fund? Is there anyway to nego with said would be brokerage charges and fees rate upfront for x number of years average so family is never exploited by said firm?
2) whoa, can do that if x happens then execute A, if else, just payout? That sounds cool. Without thinking one can do this just in case, one forgets that he/she just kena lottery one day and gone the next! Right?

Hello frens,

I wanna share my DIY WILL modified from PBMutual template, hoping to get some
feedback so that i can improve it further. It took me quite some time to delete personal data.

I put 2 executors and another 2 as standby in case..

i put 2 beneficiaries for each item and other family members as standby in case..

is this too complicated a will?

Got sample will with MINOR involve?

Can I make my own will without any of that services?

Hi,

My late father in law make a will with As Salihin stating that my wife will be the administrator of the belonging and properties left behind. They charge RM1.5k.

2 houses 2 cars and no cash.

The house total valued estimated at RM1.5M. So if As Salihin were to do the process of changing the properties name to the beneficiaries then they will charge 1.8% from the total value. That is already RM27k.

Due to no cash left behind, we decided to do it ourselves. We went to the banks asking for MRTA claim procedure, went to Pejabat Pusaka Kecil asking for form to be filled, went to Pejabat Tanah asking for Land Titles, went to LHDN asking for balance of tax payment, went to hospital asking for Medical Report for claiming purpose. Went here and there for 3 to 4 month now. Maybe it will settle in few more month.

All As Salihin did with that 1.5k payment was to appoint my wife as the administrator for the belonging. Which she will do anyway without As Salihin instruction.

I bet most of the beneficiary will think twice to spend 20k++ for processing their own properties.

Yes, technically, you can. But there are some guidelines that you need to follow.
1. 4 basic clauses - revocation, domicile, executor/trustee, residuary
2. 2 witnesses who are non-beneficiaries

Any mistakes, and you end up partially intestate.

Keep in mind
1. Getting married invalidates a will.
2. Name legal guardians for your children.
3. The longevity of executor/trustee/beneficiary.
4. Have enough documents to prove your ownership of properties attached.
5. The bulk of the cost does not come with writing the will, but the execution.

hi All,

After tried so many will writing service, so far i found only this website provide the Cheapest and Easiest way of preparing will. ( www.iwill.com.my ).

They have forms which will guide us step by step to write will without much Legal jargons which most of the time confuse us.
The best part is this is the cheapest will writing service in town, its only RM 9.90.

Check them out to believe it....



Attached image(s)

I haven't really tried this before, but just a suggestion.

There is e-will services offered by some banks, like Maybank and HLB. There, you can get the will templete from Amanah Raya (The will format)

If you dun want to pay them RM 200+ for that services, maybe you can download that form, type out and change some of the "name" such as trustee and etc...

After complete, then u go to lawyer and stamp it.

Of course, all other procedure applies, such as getting 2 witness to sign..

Thank you...

approval rm150k p.l from bank rakyat ... for wayang kulit only

written will for rm300++

consider as will? they charge so expensive huh?

If a person is without any relatives, then what happen to his asset when he dies?

What if he write a will, like give his asset to certain charity or something? That is workable right?

That's the aim of will writing

How much M2U charge for the will writing btw?

found this on google...
The cost of writing a will via Maybank2u is .....
http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment

As long as u specify 'everything' in the will, the executor will just act according to your instruction
Btw, u may consider to give 'some to me'