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 Have you written your WILL?

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dr2k3
post May 7 2008, 11:14 AM

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QUOTE(lil`pumpkinz @ May 7 2008, 10:57 AM)
Not yet. Most of my properties e.g. house & bank accounts (except my car) are attached together with my Mum. Do we really have to do it this early?
*
you will never know whats ganna happen tomorrow....there is no harm in doing early....


*devilelle*
post May 7 2008, 01:02 PM

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QUOTE(cuebiz @ May 7 2008, 10:55 AM)
When a person dies, all his/her assets will be frozen. You need a grant of probate ( with Will) or Letter of Administration (No Will) to unlock it. Without it, all your assets can't be taken out and distributed to any of your beneficiary.

You may think you don't have much assets but surely you have bank account, UT etc. All these will be stuck.
*
i know cuz part of my job is preparing will for others...

but then my bank account usually less than RM10...
and those KWSP/insurance, i already assign beneficiary...
so i don think i have any assets anymore.....
lil`pumpkinz
post May 7 2008, 03:50 PM

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QUOTE(dr2k3 @ May 7 2008, 11:14 AM)
you will never know whats ganna happen tomorrow....there is no harm in doing early....
*
But my mum has her name included in my house and bank account already. Maybe later.

QUOTE(*devilelle* @ May 7 2008, 01:02 PM)
i know cuz part of my job is preparing will for others...

but then my bank account usually less than RM10...
and those KWSP/insurance, i already assign beneficiary...
so i don think i have any assets anymore.....
*
Same here smile.gif
dr2k3
post May 7 2008, 04:53 PM

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QUOTE(lil`pumpkinz @ May 7 2008, 03:50 PM)
But my mum has her name included in my house and bank account already. Maybe later.
Same here smile.gif
*
lol...fix ur shopping problem first
Shinichi
post May 7 2008, 11:55 PM

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QUOTE(cuebiz @ May 7 2008, 09:32 AM)
100% goes to parents. Siblings don't get a single sen.

Anyway, it is advisable to write a will even if you are young cause life is full of uncertainties.
*
So writing a will makes things faster and easier right?

Then do we need to pay for will? How much usually?
cuebiz
post May 8 2008, 12:08 AM

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QUOTE(*devilelle* @ May 7 2008, 01:02 PM)
i know cuz part of my job is preparing will for others...

but then my bank account usually less than RM10...
and those KWSP/insurance, i already assign beneficiary...
so i don think i have any assets anymore.....
*
I found it strange that you prepare will for others but not yourself.

Along the years, you will accumulate more assets but may forget to write a will


Added on May 8, 2008, 12:14 am
QUOTE(Shinichi @ May 7 2008, 11:55 PM)
So writing a will makes things faster and easier right?

Then do we need to pay for will? How much usually?
*
Not much unless you got many things to write. It is based on clause. Normally less than RM1K. Company like ARB sometimes have promotion of RM500 inclusive of the custody.

This post has been edited by cuebiz: May 8 2008, 12:14 AM
Shinichi
post May 8 2008, 12:23 AM

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QUOTE(cuebiz @ May 8 2008, 12:08 AM)
Not much unless you got many things to write. It is based on clause.  Normally less than RM1K. Company like ARB sometimes have promotion of RM500 inclusive of the custody.
*
Wow, but for me paying 500-1000 for a will is a big amount. sweat.gif
b00n
post May 8 2008, 01:43 AM

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QUOTE(Shinichi @ May 8 2008, 12:23 AM)
Wow, but for me paying 500-1000 for a will is a big amount. sweat.gif
*

It depends on how much assets you have or any dependent?
If you have no dependent, and only say RM1k in the bank; why a will unless someones depends on the RM1k for life. That's just my opinion.

lil`pumpkinz
post May 8 2008, 07:53 AM

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QUOTE(dr2k3 @ May 7 2008, 04:53 PM)
lol...fix ur shopping problem first
*
What is there to fix? blink.gif I have a stable income where I can afford my shoppings, properties and my bank account is not with zero balance.
*devilelle*
post May 8 2008, 11:13 AM

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QUOTE(cuebiz @ May 8 2008, 12:08 AM)
I found it strange that you prepare will for others but not yourself.

Along the years, you will accumulate more assets but may forget to write a will

*
when i really have assets then i'll get a will cuz its no point you get it when u have nothing but only debts.... this will trouble your family too....
crazyconsumer
post May 8 2008, 01:09 PM

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Not easy process... better leave to professionals. Example :-

http://www.wikihow.com/Write-Your-Own-Last-Will-&-Testament

Keeping the will, is another consideration. Some companies provide such service, for a fee.
Jean72
post May 8 2008, 04:42 PM

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QUOTE(lil`pumpkinz @ May 8 2008, 07:53 AM)
What is there to fix?  blink.gif I have a stable income where I can afford my shoppings, properties and my bank account is not with zero balance.
*
lil pumpkinz

Why do I often hear others to talk about your shopping issue. Guys, just leave her alone. Afterall, she is spending her money, her very own hard earned money.

Having said so, I do encourage saving. Seeing your money /assets growing is very rewarding (or is it just me?)
Shinichi
post May 8 2008, 08:31 PM

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QUOTE(b00n @ May 8 2008, 01:43 AM)
It depends on how much assets you have or any dependent?
If you have no dependent, and only say RM1k in the bank; why a will unless someones depends on the RM1k for life. That's just my opinion.
*
Thanks for your reply. At least I now know roughly how much a will cost smile.gif
gsdev
post Mar 5 2010, 09:47 PM

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Anyone of you have any idea about will writing or have made a will. What would be the best way?, go to a lawyer and get it done or....

Please advise as I want to make one just in case something bad happens.


eddievh
post Mar 5 2010, 10:10 PM

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QUOTE(gsdev @ Mar 5 2010, 09:47 PM)
Anyone of you have any idea about will writing or have made a will. What would be the best way?, go to a lawyer and get it done or....

Please advise as I want to make one just in case something bad happens.
*
This thread might be useful, http://www.myklang.com/forum/why-will-writing-t-1941-2.html ,
leongal
post Mar 5 2010, 10:20 PM

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can actually write it yourself...there are standard formats; you need to get two witnesses to see you sign - but they don't need to know the content

otherwise, can go to Rockwills, OSK wealth planners
cuebiz
post Mar 5 2010, 11:12 PM

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Not recommended to DIY or lawyer. Better get professional will writer as mentioned by leongal
penangmee
post Mar 6 2010, 12:13 AM

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QUOTE(cuebiz @ Mar 5 2010, 11:12 PM)
Not recommended to DIY or lawyer. Better get professional will writer as mentioned by leongal
*
Depends on how complicated is your life if simple DIY is just good enuf. thumbup.gif There was an article earlier this week/last week in the STAR on will writing or the need for it. Very informative !! Do not advise getting Rockwill or similiar. whistling.gif If you want, better get lawyer. brows.gif
calistachan
post Mar 6 2010, 05:17 AM

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There are a lot of personal financial consultants do offer will writing as part of their service also (besides selling insurance and investment links schemes).

Nowadays insurance agent no longer call themselve insurance agents. Instead they are so called "financial consultant" as they provide everything you need regarding hedging your risk and your investments.

Do find out more and I believe everyone sure have their friends who are into this business. If you have none you can PM me for more info.
klang-valley
post Mar 6 2010, 10:08 AM

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QUOTE(penangmee @ Mar 6 2010, 12:13 AM)
Depends on how complicated is your life if simple DIY is just good enuf. thumbup.gif  There was an article earlier this week/last week in the STAR on will writing or the need for it. Very informative !! Do not advise getting Rockwill or similiar.  whistling.gif If you want, better get lawyer. brows.gif
*
May i know why getting Rockwill or similar is not good? Care to share?

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