A client recently asked us, “My father recently recorded a video outlining how he wishes to distribute his estate among the family. Can this video be recognized as a valid will?” In today’s digital era, such questions have become increasingly common. However, estate distribution involves more than expressing personal wishes—it must adhere to legal requirements....
What Is a Residuary Clause? Residuary clause is a clause in a Will that allows the testator to dispose of the remaining assets under the estate that are not specifically provided for in the Will. It ensures these “leftover” assets are distributed according to the testator’s wishes. While drafting a will may seem straightforward, many...
In The Last Dance, the father’s final message serves as a beautiful reminder of the power of love, expressed through words. Whether in film or real life, terms of endearment act as bridges that connect hearts, heal wounds, and celebrate the unbreakable bonds of family and friendship. What Are Terms of Endearment? In simple...
Have you ever wondered if an adult child is eligible to act as a witness to their parent’s will? Consider this scenario: a mother prepares a will giving all assets to her son and asked her 20-year-old daughter to sign as a witness. Since the daughter is neither a beneficiary nor entitled to any...
Taking on the role of executor? You are probably wondering about some key responsibilities, like handling debts. No worries—let’s walk through the essential points step-by-step to make everything clear. What Happens if There’s More Debt Than Assets? An estate is deemed ‘insolvent’ when its debts exceed its assets. In such cases, the estate’s assets...
“My father passed away, and I’ve been appointed as the executor of his Will. However, I cannot locate the witnesses who signed the Will. Does this mean the Will is invalid? Can I still apply for a grant of probate?” This is a common dilemma faced by many, and it brings up important questions about...
Appointing a guardian in your will is essential, but have you thought about how they’ll manage the costs of raising your child? While many people are willing to step in as guardians, raising children is expensive, and without proper financial support, even the most capable guardian might struggle. So, how can you ensure your chosen...
Myth 1: “If you don’t name any beneficiaries in your EPF accounts, your family members won’t be able to access the funds.” Many people believe that if they fail to name a beneficiary for their EPF (Employee Provident Fund) account, their family members won’t be able to access the funds. Truth: In the event of...
The Hidden Dangers of Self-Storage Most people think that once a will is signed, they can safely store it at home or in a private, secure area. Unfortunately, there are a several hazards associated with this that are often overlooked: Misplacement or Loss: Wills can easily be lost or misplaced, especially if they are...
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...
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