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 Have you written your WILL?

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MUM
post Jun 9 2016, 09:58 PM

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QUOTE(effectz @ Jun 9 2016, 09:53 PM)
Amanah Raya charges is quite high for administration right? 1% for first 25k.. Hmm

http://www.arb.com.my/en/index.asp?fuseact...tent.View&ID=77
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hmm.gif how much is other competitors?
MUM
post Jun 15 2016, 08:11 AM

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QUOTE(effectz @ Jun 9 2016, 09:53 PM)
Amanah Raya charges is quite high for administration right? 1% for first 25k.. Hmm

http://www.arb.com.my/en/index.asp?fuseact...tent.View&ID=77
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QUOTE(MUM @ Jun 9 2016, 09:58 PM)
hmm.gif how much is other competitors?
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QUOTE(effectz @ Jun 10 2016, 09:49 AM)
1.8% for first 1M, min RM5k
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hmm.gif from the above, why do you say "Amanah Raya charges is quite high for administration right? 1% for first 25k". notworthy.gif
MUM
post Aug 7 2024, 11:59 AM

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My will hv this condition spelled.
"Until they attain the age of majority".

So I believe this "appointment of guardian" clause will automatically void when the beneficiary attained that age.

This post has been edited by MUM: Aug 7 2024, 12:20 PM
MUM
post Aug 7 2024, 12:35 PM

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QUOTE(KOHTT @ Aug 6 2024, 09:26 PM)
Hi, is it better to have the service providers, i.e., rockwills, maybank trustee, rhb trustee as sole executor for my wills or best to nominated one of my beneficiaries as executors? pro and cons for each option?
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QUOTE(KOHTT @ Aug 6 2024, 10:43 PM)
To save on the estate administration charges?
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(I appointed my niece and the sister of my spouse as joint executors and trustees of my Will).

The will has this condition spelled out, ....

"If either or both of them shall not survive or unable or unwilling to act as the executor(s) and trustee(s) of this Will, then I do hereby appoint (name and address of a trust company), to be the sole executor and trustee of this Will.

*** jfi, the named trust company is the one that prepared my will and also the one paid to keep it too.

So I guess it was not due to cost that I also appointed that trust company (as a back up) to be executor and trustee of my Will, BUT as a mitigation for just in case, my appointed executors and trustees (from my family members) is "unable" or "unwilling" or "died"
MUM
post Aug 7 2024, 05:05 PM

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How long do you have to file probate after death in Malaysia.

Why Does Probate Take So Long?


https://simrahman.com/estate-planning-lawye...frame-malaysia/

This post has been edited by MUM: Aug 7 2024, 05:12 PM
MUM
post Aug 8 2024, 11:19 PM

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QUOTE(roy_zu @ Aug 8 2024, 11:10 PM)
Hope someone can provide feedback on this.

In my will, I have granted my beneficiary to have all my securities/investments listed on the Securities Exchange of Bursa Malaysia.

Does this mean, only those securities from direct CDS counted? How about those with platforms like MooMoo?
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Not a legally qualified comment.

Just that, i think it could be challenged.

I think it "can be" better if it is phrased like this.
Example from your above condition.
Just add "including and not limited to"

"I have granted my beneficiary to have all my securities/investments including and not limited to those listed on the Securities Exchange of Bursa Malaysia.

Like if you only state in your Will that you will "will" all your properties in Malaysia to Xxx.

If later the beneficiary or other eligible families members found out that you also hv properties overseas then how?

This post has been edited by MUM: Aug 8 2024, 11:25 PM

 

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