Knowledge you should grab

This blog is to help you gain more knowledge about estate planning and all-you-should-know when having your estate planned.
bt_bb_section_bottom_section_coverage_image
Estate Planning for Different Stages in Life – Stage 2: The Sandwich Generation

Peter (45 years old): “My monthly income is between RM10-15k. The assets I currently own are bank accounts, 2 houses, cars, investments and EPF. I have liabilities of around RM1 mil (mortgages & car loans).” For individuals with financial commitments and dependents, prioritizing comprehensive protection is essential. In addition to addressing basic life insurance coverage...

Understanding Child Custody: What Courts Consider

Divorce can be complicated, especially when it comes to deciding who gets custody of the children. Laws like the Law Reform (Marriage and Divorce) Act 1976 and the Guardianship of Infant Act 1961 lay out the legal framework for resolving child custody matters. But beyond just splitting responsibilities between parents, the focus is on what’s...

Estate Planning for Unmarried Partners in Malaysia

Estate planning is often associated with married couples, but it is equally essential for unmarried couples, especially a Will is revoked through marriage or re-marriage unless the Will is made in contemplation of a specific marriage. This article explores the significance of estate planning for unmarried couples in Malaysia, delving into the legal protections available...

Does the Witness Affect the Validity of a Will in Malaysia?

Will serves as a crucial legal document expressing an individual’s wishes for the distribution of their assets, property, and belongings following his/her demise. In Malaysia, for a Will to be considered valid, it must include beneficiary(ies), asset(s) and property(ies), provisions for guardianship in case of minors, and importantly, the signatures of at least two witnesses....

Navigating the Allocation and Disbursement of Insurance Policy Funds in Malaysia Upon the Demise of the Insured

In Malaysia, assets held within insurance policies are expressly exempted from the estate of the deceased individual. This provision is designed to protect the entitlements of the insured’s spouse and children with respect to the insurance proceeds, thereby mitigating any prospective claims from the creditors of the deceased. The legal foundation for this exclusion is...

Understanding Trustee Liability to Beneficiaries in Malaysia

Trustees play a pivotal role in the administration of trusts, holding a fiduciary duty to act in the best interests of the beneficiaries. However, there are circumstances in which a trustee may be held liable to the beneficiaries. The Trustee Act of 1949 delineates the powers, duties, and responsibilities of trustees, providing the foundation upon...

The Importance of Having Will Custody

In the realm of estate planning, the drafting and safekeeping of a Will are critical aspects that demand careful consideration. A Will serves as a legal document that outlines a testator’s wishes regarding the distribution of their assets after their demise. One often-overlooked aspect of this process is the custody of the Will, which carries...

Can a Will override the nomination under my EPF account?

Who Can Nominate? According to Section 54(1A) of the Employees Provident Fund Act 1991, any member of the Fund may make nomination for the purpose of payment of credit after the death of the member. The nomination can be made by members by completing the EPF Form 4 and submitting it at any EPF branches nationwide,...

Join Us Now

Join Us Now

Edrian Chin Yik Rong - Legal Advisor of Finex & Co Legacy Advisory
Megan Lo Su Yee - Legal Advisor of Finex & Co Legacy Advisory
Chua Pei Shan - Legal Advisor of Finex & Co Legacy Advisory
Emmeline Lee - Chief Legal Advisor Profile