Creating a Will stands as one of the most crucial actions you can take to ensure that your estate provides for your loved ones after your passing. In principle, you have the option to jot down your Will on a scrap piece of paper, as long as it is properly signed and witnessed by two...
The creation of a Will is a crucial element of estate planning, allowing individuals to specify how their assets should be distributed after their passing. However, the legal validity of a Will can be subject to scrutiny and challenge under specific circumstances. Understanding the grounds on which a Will can be contested is essential for...
Are your digital assets inheritable by your next-of-kin? Lets start by defining what are digital assets and how is it different compared to physical assets. Digital Assets basically are your cryptocurrency, NFTS, instagram, twitter or facebook accounts and so on. However, digital assets are not the same as your physical assets as all you need...
Are your digital assets inheritable by your next-of-kin? Lets start by defining what are digital assets and how is it different compared to physical assets. Digital Assets basically are your cryptocurrency, NFTS, instagram, twitter or facebook accounts and so on. However, digital assets are not the same as your physical assets as all you need...
In Malaysia, the rules of intestacy (when someone dies without a will) generally do not consider a spouse’s fidelity or personal behavior as a factor in determining their right to inherit. Instead, inheritance laws often focus on factors like marital status, kinship, or the presence of a valid Will. It’s important to emphasize that this...
A guardian is an individual who assumes legal and personal responsibilities for another person, often a minor (someone below the legal age), someone with disabilities, or an elderly individual who cannot make decisions independently. Guardianship is especially common for minors, where a guardian is appointed to ensure their well-being and welfare. Under Section 3 of...
In the realm of estate planning, ensuring the well-being and financial security of your loved ones is paramount. For parents with minor children, this responsibility becomes even more crucial. One effective tool in safeguarding the future of your children is the establishment of a testamentary trust. This legal arrangement offers numerous benefits that can help...
Not everyone experiences just one marriage in their lifetime; some may enter into multiple marriages for various reason like divorce, the passing of a spouse, or personal choices. Incorporating your new spouse into your estate-planning can be a complex matter, especially when children from previous marriages are in the equation. Understanding the significant consideration surrounding...
In the event of an individual’s passing with a Will in place, the procedure entails seeking a Grant of Probate. However, if a legally valid Will is absent, the course of action shifts to obtaining a Letter of Administration, a more intricate process in contrast to the Grant of Probate. The timeframes for applying for...
It is customary for many elderly individuals to avoid creating a Will due to considering it a taboo. Nevertheless, opting not to draft a Will could potentially create more difficulties for your family members rather than being of assistance to them. Let’s have a general run through on how Wills work. When your parents pass...
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