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...
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...
Under Section 4(2) of the Probate Administration Act 1959, [(2) If any beneficiary is an infant, or if a life interest arises under the will or intestacy, administration shall be granted either to a trust corporation (with or without an individual) or to not less than two individuals: Provided that— (a) the Court may in...
Mr. Alan and Ms. Betty are going to get married. Ms. Betty has two children with her ex-husband, and she is currently taking care of them. Mr. Alan has come to us and ask whether these two children are entitled to inherit his estate according to Distribution Act 1958, as he currently does not intent...
I recently received a call from our company’s estate planner. During our conversation, he informed me about an issue encountered with one of his clients. He provided a brief background of the situation: Madam Siow, aged 56, has two sons, Alan (age 26) and Eric (age 30), and was divorced two years ago. She made...
Mr. Lim came to us with a question: “I’m a Malaysian citizen married to a foreign woman, and we have a son who isn’t a Malaysian citizen. I own few properties in Malaysia. Can I appoint my foreign son as my executor and include both my son and wife as beneficiaries in my will?”. ...
Creating a Will is an essential step in securing the future of your loved ones and ensuring that your assets are distributed according to your wishes. However, some people may wonder if they can include their future children (i.e. those yet-to-be-born) in their Will. The role of Testamentary Trust Before we delve into whether...
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