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 Cost of making a Will

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gashout
post May 24 2024, 12:30 PM

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QUOTE(netflix2019 @ May 24 2024, 11:59 AM)
From what i gathered. writing a will is cheap but they end up being the executor holding everything and take a percentage cut from everything. The only good thing is they handle everything. the bad is they charge for everything.
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They end up being the executor?? Conflict of interest dah.

If so, better find a normal lawyer to do will better that doesn't have this clause.
dogbert_chew
post May 24 2024, 12:45 PM

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QUOTE(gashout @ May 24 2024, 12:30 PM)
They end up being the executor?? Conflict of interest dah.

If so, better find a normal lawyer to do will better that doesn't have this clause.
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You can just pay for your Will drafting la.

Executor usually most people appoint same as beneficiary.

Then your beneficiary/ executor can go to any experience lawyer to file the court papers for Grant of Probate. Usually lump sum ard 5K.

Caveat Emptor. There are a LOT of useless lawyers. Just like doctors.
ycs
post May 24 2024, 03:24 PM

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QUOTE(gashout @ May 24 2024, 12:30 PM)
They end up being the executor?? Conflict of interest dah.

If so, better find a normal lawyer to do will better that doesn't have this clause.
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i think the issue is if you appoint a 3rd party like rockwills as executor and they charge 1.5% of total assets 'market value' as their annual fee and they take their sweet time to get GP for you, delay until few years, how?

if executor is also beneficiary, then executor wont delay getting GP

https://www.rockwillsonline.com.my/document...es_schedule.pdf

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gashout
post May 24 2024, 03:57 PM

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QUOTE(ycs @ May 24 2024, 03:24 PM)
i think the issue is if you appoint a 3rd party like rockwills as executor and they charge 1.5% of total assets 'market value' as their annual fee and they take their sweet time to get GP for you, delay until few years, how?

if executor is also beneficiary, then executor wont delay getting GP

https://www.rockwillsonline.com.my/document...es_schedule.pdf

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This is good awareness for everyone who wants to use their service. Thanks for this.
Lembu Goreng
post May 24 2024, 04:06 PM

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QUOTE(urbanite @ May 23 2024, 09:16 PM)
Simple will, can use this
RM300

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Yup, I use this.

https://www.maybank2u.com.my/maybank2u/mala...lls_wasiat.page


zhou.xingxing
post May 24 2024, 04:44 PM

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500 with law firm doable.. if ur will is simple..
exclamation!
post May 25 2024, 03:12 AM

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QUOTE(urbanite @ May 23 2024, 09:16 PM)
Simple will, can use this
RM300

user posted image
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I checked and aware this will writing is very simple by segregating your wealth accoeding to % to beneficiary. What if one of the beneficiary is still minor when you pass away, how will the wealth distributed in this case? Will the minor portion been held until they come to age or the spouse will be gaining the portion on behalf?

This post has been edited by exclamation!: May 25 2024, 03:13 AM
MGM
post May 25 2024, 03:44 AM

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QUOTE(Icehart @ May 23 2024, 08:25 PM)
My parents just did theirs. Simple will. RM 99/person.
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Rm99/beneficiary? Or per will?
Chiggah
post May 25 2024, 07:41 PM

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If someone unrelated to me, is it better to add my name to this persons property? Costs about rm5-6k to add name.

Or write a will ?
N9484640
post May 25 2024, 08:19 PM

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I tried 2 lawyers, and one agent from rockwill, all failed to do a Will for me. The agent wanted like RM1700 which is too much. The 2 lawyers decided not to do for me. I just wanted a simple 2 tiers Will. No need to specify anything, just movable and unmovable assets all campur in.

I wonder if anyone here uses those online will thing like Maybank, Thy Will Be Done, etc? What was your experience? If you got lawyers to recommend, also can.
chilskater
post May 25 2024, 08:21 PM

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if got friend lawyer..RM200 can
Icehart
post May 26 2024, 02:46 PM

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QUOTE(MGM @ May 25 2024, 03:44 AM)
Rm99/beneficiary? Or per will?
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Per will
RigerZ
post May 28 2024, 08:10 AM

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QUOTE(Icehart @ May 23 2024, 08:25 PM)
My parents just did theirs. Simple will. RM 99/person.
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Where did they do it?
benzxzx
post May 28 2024, 10:06 AM

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QUOTE(N9484640 @ May 25 2024, 08:19 PM)
I tried 2 lawyers, and one agent from rockwill, all failed to do a Will for me. The agent wanted like RM1700 which is too much. The 2 lawyers decided not to do for me. I just wanted a simple 2 tiers Will. No need to specify anything, just movable and unmovable assets all campur in.

I wonder if anyone here uses those online will thing like Maybank, Thy Will Be Done, etc? What was your experience? If you got lawyers to recommend, also can.
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mbb one usually provides will writing and have those service fees factored into the housing loan itself, needless to say the fees will be inflated to make it worth their while, last i checked it is around 1.5k, if you are klang valley based, I can provide such service to you as a practicing lawyer for 500 all inclusive, and all I need from you is details of testator, beneficiary and I will gather witnesses, sign and return you the sealed will in time.
benzxzx
post May 28 2024, 10:09 AM

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QUOTE(Chiggah @ May 25 2024, 07:41 PM)
If someone unrelated to me, is it better to add my name to this persons property?  Costs about rm5-6k to add name.

Or write a will ?
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bro will is will, and only take effect upon your passing. adding name means essentially you transfer the ownership of property, if you add one name meaning transfer half share of yours to the other half, and yeah you can only do it during your lifetime. let me know your property details, I am able to give a quote for such transfer service, MOT but if its not to spouses, or children, then bear in mind there might be stamp duty imposed, so your cost goes up
N9484640
post May 28 2024, 10:22 AM

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QUOTE(benzxzx @ May 28 2024, 10:06 AM)
mbb one usually provides will writing and have those service fees factored into the housing loan itself, needless to say the fees will be inflated to make it worth their while, last i checked it is around 1.5k, if you are klang valley based, I can provide such service to you as a practicing lawyer for 500 all inclusive, and all I need from you is details of testator, beneficiary and I will gather witnesses, sign and return you the sealed will in time.
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Will pm you thanks
Singh_Kalan
post May 28 2024, 06:03 PM

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QUOTE(N9484640 @ May 25 2024, 08:19 PM)
I tried 2 lawyers, and one agent from rockwill, all failed to do a Will for me. The agent wanted like RM1700 which is too much. The 2 lawyers decided not to do for me. I just wanted a simple 2 tiers Will. No need to specify anything, just movable and unmovable assets all campur in.

I wonder if anyone here uses those online will thing like Maybank, Thy Will Be Done, etc? What was your experience? If you got lawyers to recommend, also can.
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Just write yourself la.
Your English doesn't sound bad, I assume your comprehension are OK too.
Most important is the two witnesses.
contagiouseddie
post May 28 2024, 10:16 PM

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QUOTE(dogbert_chew @ May 24 2024, 12:45 PM)
You can just pay for your Will drafting la.

Executor usually most people appoint same as beneficiary.

Then your beneficiary/ executor can go to any experience lawyer to file the court papers for Grant of Probate. Usually lump sum ard 5K.

Caveat Emptor. There are a LOT of useless lawyers. Just like doctors.
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After this grant of probate fee of around RM5K, what other fees are there?
polarzbearz
post May 28 2024, 10:49 PM

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ChatGPT skeleton to translate simple english to legal english + get lawyer friend to help review + get two witness (must be non-beneficiary!!) to sign = profit tongue.gif

This post has been edited by polarzbearz: May 28 2024, 10:50 PM
WaCKy-Angel
post May 28 2024, 11:03 PM

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QUOTE(N9484640 @ May 25 2024, 08:19 PM)
I tried 2 lawyers, and one agent from rockwill, all failed to do a Will for me. The agent wanted like RM1700 which is too much. The 2 lawyers decided not to do for me. I just wanted a simple 2 tiers Will. No need to specify anything, just movable and unmovable assets all campur in.

I wonder if anyone here uses those online will thing like Maybank, Thy Will Be Done, etc? What was your experience? If you got lawyers to recommend, also can.
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What is 2 tier will?

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