Dear all,
I'm a will writer for Rockwill..anyone hv question related to will pls ask me here..i will be happy to answer all of ur question
As posted by everyone here..anyone who didnt write a will..after the person pass away, the law will write for u..malaysia hv a law call distribution act 1958
lets say u and spouse hv a joint name under the house, if anything happen to ur spouse, the house could be distribute to u (1/4), parent (1/4) and children (1/2)..and if anything happen to ur parent, AGAIN it will distribute among brothers and sisters
if no will is written, u must get a letter of administration which can take long time and high cost too
here i want to emphasis that nobody is too young to make a Will. In fact, a Will has nothing to do with age or death, but to protect your loved one when you are no longer around. One is never too young, It can only be too late.
statistic shown that 7 out of 10 ppl die without write a will..this create havoc to their family members who they want to them to benefit from asset. many ppl think that their asset automatic go to their spouse or family after they pass away,but this is not TRUE..as i mention, law of distribution will act for u if u didnt write a will
Best Regards
Alan
Added on September 4, 2010, 10:37 pmWhat are the benefits of writing a Will?
The benefits are as follow :
1) It ensures the future of your loved ones are secure
2) It ensures the assets of your estate are distributed to the beneficiaries of your choice in the manner that you want
3) In the event where your beneficiaries are minors i.e. children below the age of 18 years, the appointment of a trusted Guardian in your stated Will, ensures that their welfare will be taken care
4) The Executor of your Will ensures the terms of your Will are executed accordingly. Rockwills have the Trustee licence to execute on behalf of testator thus taking away the hassle of running around for beneficiaries and ensuring beneficiaries interest are taken care of.
5)
It is a legal document that is recognised by the Courts, thus, reducing unnecessary legal battles & legal costs. Rockwills unique and comprehensive service would ensure that client’s will would take into account possible situations that may arise and would provide the necessary advice to minimize the probability of the will from being contested.
Added on September 4, 2010, 10:48 pmHere is another story why we should appoint a professional will writer
My father wrote and kept his own Will long ago. After he passed away, it took us tedious time to locate his Will because none of us or even mom knew where he kept it. Due to time constraints by the Court, we almost ransack the whole house. Finally the Will was found in a narrow slit between his old cabinet that was infested by termites. Thank God! the Will was safe.
Submitted it to the Court just at the brink of time, we were told that the Will was incomplete due to no appointment of Executors. We are to file a petition for Letters of Administration with Will Annexed. Not too sure what it is or how to go about it, so we decided to get help from a lawyer. Even with the help, the process of the will toke for 4 years and found out that yet another problem occurred…we are to locate the witnesses who had co signed my father’s will. It was a long and tedious task to locate them. It took us yet another 1 1/2 years just to find out that the witnesses can not be located. Due to the long delay and the hassles of attaining the estate even though my father wrote his own will, it took us 6 1/2 years to settle the process and we were charged with a lot of legal fees due to the long process.
We do not suggest that you write your own Will because we have seen so many such DIY Wills with common omission like Will not dated, not having substitute executors, no substitute beneficiaries, guardians not named as well as other crucial details left out. Such Wills would either be invalid or do a partial job and would create problems for the beneficiaries.
This post has been edited by alexcky: Sep 4 2010, 10:48 PM
Have you written your WILL?
Sep 4 2010, 10:35 PM
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