No not yet.
But an advise, once one is with assets and dependents than it's time to write a will. It never hurts to pen it down.
What I last heard, will writing inclusive of getting it chopped and stamped by the commission of oath cost less than RM500.
But sorry, I have no contact.

Not entirely true.......
They would have to sort it out in court.
Here's a writeup on it: http://forum.lowyat.net/index.php?showtopic=662651

If you have assets and dependents, than pls write a will.
Even with a will, the process of taking ownership and disperse of assets would take around 1 year. It's a lengthy and painful process.

It's even worst if one got no will in hand.

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.

Witness is easy to find; but the problem is always with executor.
Executor is the party that helps you "execute" the will when the unfortunate befalls. Thus in will writing, the executor party had to be listed clearly in the will. Also, to prevent conflict of interest; the executor needs to be someone who has the same amount of assets or more as the will owner.

Thus it's still more efficient in paying for will services.
http://www.mywill.com.my/will_custody.asp
http://www.rockwillsonline.com.my
http://www.pbebank.com.my/en/en_content/trustee/wasiat.html

OSK trustee does will writing, keeping and execution too IIRC

It's the percentage of the "gross" asset IIRC. Not a small sum in this case.

My family in laws will is with Public trustee. They send updated forms on an annual basis to see whether or not there's any asset updates.

It was free for them as they are Mutual Gold customers.

It is still advisable to seek professional will writer as they can advise you on the clause and explain on how the will is going to be executed. Not to mention, a lot helps you execute and safe keep the will, which lawyer doesn't really do that.

No need really to employ trustee or lawyer. One just need to write a simple will and appoint an executor supplement with 2 witnesses signing the will; where the executor and witness cannot be beneficiary and beneficiary's spouse. When someone pass away, the executor just need to present that will to the probate office.

If there's no contention or objection to that will, the assets would be divided according to it. It would still take time to clear the case; but even with a proper trustee and lawyer assigned as executor, it's the same procedure.

Only difference is those guys knows the procedure better than normal people like us, so it's a smoother process. But basically it's the same processes.


p/s: I think this is part of the CFP module on will writing. So anyone whom attended that might be able to relay it even better than me or correct my point if I'm wrong.

This post has been edited by b00n: Sep 6 2010, 09:31 PM

True, but we are talking about average normal families. I understood that complications would arise when there's a 3rd party to challenge the will. However, if there is non and one's asset is nothing to shout about; I meant a simple will would do. Then again, it's up to anyone's preference.

My granddad's will is self written. However, we get a family lawyer friend to help execute it. One can easily search up the web for will template. Anyway, like cherroy mentioned (which I agreed also), will writing is only the tip. IMO, execution is one that needed the most headache.

Thus I do agree that these trustee agency does comes in handy for will safe keeping. But then again, there's a lot out there who couldn't really afford such services; thus it's still educational for one to write their own will although they can't afford. Many had the misconception that they need will writers or lawyers to draft wills which is generally not correct.