Mr. Lim recently lost his father, who left behind an outstanding housing loan of RM500,000. As the sole beneficiary named in the will, Mr. Lim is worried. He wonders, “Will I have to take over my father’s housing loan? Can the bank continue charging interest on the outstanding amount after my father’s death?” These are...
Question: “My husband has passed away recently, and we did not write a Will before. We have no children. My husband has some savings, investments, and one property which is under his own name.” Answer: In this scenario, your husband is said to have died intestate. His estate will be distributed according...
Mr. Lim is married to Amy but is secretly involved in an affair with Bella. He wishes to leave some of his assets to Amy, his wife, and other assets to Bella, his mistress. Mr. Lim asks if it’s possible to write two separate wills—one for Amy and another for Bella—without either knowing about the...
Ensuring that your wishes are followed and your loved ones are protected requires estate planning, which is more than just a task to cross off a list. In an earlier article, we discussed some of the most important elements of estate planning and dispelled a few widespread misconceptions. However, it’s important to remember that many...
When it comes to estate planning, the topic of writing a will is often clouded by misconceptions and confusion. Have you ever wondered if those assumptions are true? Many people put off creating a will due to common myths, which can lead to unintended and serious consequences. In this article, we will explore these myths,...
“I’m Mr. Wong, 55 years old, and I have been invested in the world of cryptocurrency for some time now. Over the years, I’ve accumulated a significant amount of digital assets and firmly believe in their long-term value. My concern is how to ensure these assets are properly passed down to my son, Adam, after...
When it comes to planning for the future, many people often ask, “Can I write my own Will? Is doing it myself sufficient?” or “Why should I spend money on a professional Will writing service?” I think this is a general misconception by the public and let me explain it in detail. Can You...
“My child is under 18 years old and is the nominee for my EPF and insurance, and I appoint my sister as the executor of my Will, will the savings from my EPF and insurance payout go to my sister?” This is a common concern for parents planning their estate. Let’s clarify the roles involved...
Recently, a client approached us with an intriguing question: “Can my Will be written in Mandarin?” She mentioned that a friend had drafted her Will in Mandarin and was curious if this was legally valid in Malaysia. Inspired by her friend’s experience, she was considering doing the same but wanted to ensure it wouldn’t cause...
Let me share our estate planner’s experience, as they are often asked during policy reviews with their clients, “What happens if there is no nomination made in my insurance policy?” I feel it is necessary to explain this in detail. a. Payment to the Applicant with Legal Documents If no nomination is made,...
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