“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,...
Understanding the Impact on Your Investments Imagine Alex, an experienced investor from Malaysia, who has amassed a diversified portfolio in both Malaysia and Singapore. If Alex were to pass away, what would happen to his investments and the dividends they generate? Without a Will If Alex has not prepared a Will, his...
Mr. Tan came to us with a question, “Can me and my wife just write one Will for both of us?”. He had heard that couples could share one will, known as mutual will, which might seem convenient. He brings this question to us seeking clarification. What is ‘Mutual Will’? A mutual will is...
In our last week’s article, we explored the case study of Mr. Lim and Mrs. Lim, highlighting how a testamentary trust can minimize family disputes over inheritance and ensure a smooth transfer of assets in accordance with Malaysian law. So this week, we want to discuss another scenario involving Mr. Soh and Mrs. Soh....
In estate planning, ensuring the financial security of minor children is paramount. For many parents, this raises the question: ‘Should they rely on a simple will or set up a testamentary trust?’. Let’s delve into this question through the case study of Mr. Lim and Mrs. Lim and examine how Malaysian law supports the use...
As legacy advisors in Malaysia, we are also facing some questions which related to testamentary trust. A common question we encounter is from individuals like Mr. Lee, who asked, “Should I choose Trustee Company like Amanah Raya or an individual trustee for my trust?”. Trustee Company such as Amanah Raya, which is the only...
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