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 Have you written your WILL?

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LGWM
post Jul 30 2013, 09:49 PM

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QUOTE(gtasaboss @ Aug 20 2012, 08:19 AM)
cant i just write my will on a paper and tell everyone in my family ' this is my will if i die read this'? why do you need money for everything these days?
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If you don't have a Will when you pass away, family have to pay more legal fees later and wait longer to get your assets.

With a simple piece of paper, how can the authorities know if that is your genuine intention or if someone else wrote on a piece of paper. The proper process to with or without a Will to transfer assets when a person dies is to protect all parties involved.
LGWM
post Jul 31 2013, 05:21 PM

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QUOTE(guy3288 @ Jul 30 2013, 10:46 PM)
Yes it is free for now but when the unfortunate happens that is when they will make their  money, Read their wills carefully!
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Agreed. Usually for such free Wills by banks etc, they will put their company as executor and trustee. When the testator dies,
the fees are usually a percentage of the total asset value
LGWM
post Sep 12 2013, 11:07 PM

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QUOTE(almeizer @ Sep 5 2013, 11:14 PM)
I mean all assets belong to someone is that all the assets will have 1 beneficiary, maybe my wife. Wonder is it possible without list down the assets? Because the assets might change or have new assets i.e, property, car, bank account, etc. Then we require to update the will frequently.

Also, is the will wrote in Malaysia can enforce for any assets at oversea (Singapore)?
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Slightly better to list down & update when you buy/sell ur properties. List down, no confusion for beneficiary/executor

Come to things like bank account, if too many, no need to list down but have a separate list so tht
1 day, goto heaven, executor easier job

B'cos of the way will writing co charge, list down everything, cost will be high.


Will in M'sia can cover asset in S'pore except CPF. As long as property has no restriction on foreigner, no issue to pass on

 

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