Why do you need a Will? How do you want your assets to be distributed when you are no longer around? Estate planning is, in fact, a critical financial and legal process that many individuals and families often overlook or delay. Many of us do not realize that under Malaysian law, when a person passes...
What is a Will and why is it important? A will is a legal document that outlines how a person’s assets and estate should be distributed after their death. It’s crucial to ensure your assets are distributed as per your wishes. p/s There is no centralized system in Malaysia for your beneficiaries to check the...
Creating a Will stands as one of the most crucial actions you can take to ensure that your estate provides for your loved ones after your passing. In principle, you have the option to jot down your Will on a scrap piece of paper, as long as it is properly signed and witnessed by two...
The creation of a Will is a crucial element of estate planning, allowing individuals to specify how their assets should be distributed after their passing. However, the legal validity of a Will can be subject to scrutiny and challenge under specific circumstances. Understanding the grounds on which a Will can be contested is essential for...
Are your digital assets inheritable by your next-of-kin? Lets start by defining what are digital assets and how is it different compared to physical assets. Digital Assets basically are your cryptocurrency, NFTS, instagram, twitter or facebook accounts and so on. However, digital assets are not the same as your physical assets as all you need...
Are your digital assets inheritable by your next-of-kin? Lets start by defining what are digital assets and how is it different compared to physical assets. Digital Assets basically are your cryptocurrency, NFTS, instagram, twitter or facebook accounts and so on. However, digital assets are not the same as your physical assets as all you need...
Not everyone experiences just one marriage in their lifetime; some may enter into multiple marriages for various reason like divorce, the passing of a spouse, or personal choices. Incorporating your new spouse into your estate-planning can be a complex matter, especially when children from previous marriages are in the equation. Understanding the significant consideration surrounding...
There are a few things to look out for when preparing your own Will. These are the few main common mistakes that people make when writing a Will. 1. The Distribution Method Naturally, if you do not write a Will, the Malaysian government will distribute your assets according to the Distribution Act 1958 which are...
It is not a common thing to include your mistress in your Will especially in Malaysia. However, it’s undeniable that some individuals engage in extramarital relationships. It must be noted that in Malaysia, these third parties such as mistresses or concubines or sugar baby dont have legal rights to your assets. Those rights belongs to...
When a parent undergoes a religious conversion, it can have significant legal and cultural implications for the entire family. In Malaysia, the conversion of a father from non-Muslim to Muslim can have implications for the child’s inheritance rights. This article explores the effects of a father’s conversion to Islam on a child’s inheritance in Malaysia,...
LOT A-06-38, IOI BOULEVARD, JALAN KENARI 5, BANDAR PUCHONG JAYA, 47170 PUCHONG, SELANGORServices
Find our news at :
