In Part 1 of this article, we explained the first five questions that foreigners often ask when making wills in Malaysia, covering issues such as eligibility, the need for a separate Malaysian will, dealing with overseas assets, inheritance by foreign family members, and whether beneficiaries must come to Malaysia. In this Part 2, we continue...
If you are a foreigner who owns assets in Malaysia such as property, bank accounts, or investments, making a will here is an important step in safeguarding your loved ones’ future. Many foreigners are uncertain about the legal requirements, particularly if they already have a will in their home country that may cover assets in...
Can I nominate my minor child (below 18 years old) as my EPF beneficiary? Yes, but kindly reconsider. If you nominate a child under 18, KWSP will not release the money immediately. Instead: EPF will act as a trustee and keep the funds until your child reaches 18. A guardian cannot freely withdraw the money,...
With increasing uncertainty in today’s world, many Malaysians are beginning to realise the importance of having a plan that secures their family’s future and protects what they’ve worked so hard to build. That’s why estate planning ensures your wealth, property, and responsibilities are managed as you intend when you’re no longer around. FINEX & Co....
Understanding the writing fees in Malaysia helps you make informed decisions about securing your future. Knowing the costs upfront empowers Malaysians to take the next step in creating a will with peace of mind. Securing your family’s future and protecting your assets with a professionally drafted will provide long-term security. Finex & Co., a trusted...
When Mr. Wong passed away, his family was relieved to discover that he had written a Will. But after presenting it to the lawyer, they were told something unexpected: “This Will is valid — but it doesn’t help as much as you thought it would.” Despite the existence of a Will, they faced complications...
If you’re a parent, it’s natural to want to leave your home to your children, even while they’re still young. But what happens if your children are under 18? Can they legally inherit your house? And what if they’re too young to manage such a valuable asset? Here’s what you need to know. Minor...
Can the Witnesses and Testator Sign the Will at Different Times? No, they can’t. According to Section 5 of the Wills Act 1959, everyone involved—the person making the will (the testator) and the witnesses—must sign at the same time. This ensures everything is done properly and legally. Can a Beneficiary or Their Spouse Be a Witness?...
Have you ever wondered what would happen if both you and your spouse passed away unexpectedly? Who would take care of your children? Would they be financially secure? In Malaysia, children under 18 cannot inherit money or property directly, which could create serious complications for their future if proper plans aren’t in place. Let’s have...
When Mr Tan passed away without a will, his estate was governed by the rules of the Distribution Act 1958. His eldest daughter, Mei Ling, was appointed as the administrator but things quickly turned sour when her siblings opposed her decision to sell their late father’s house in Petaling Jaya, citing emotional ties to the...
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