What is a friendly loan agreement and is it legal? A friendly loan agreement consists of the lending of money between two or more parties based on mutual trust. Friendly Loan Agreements are legally valid in Malaysia. Parties are allowed to provide loans and even charge interest on them, as long as the lender is...
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...
These days, with the ever growing market and career opportunities, it is especially common for Malaysian citizens to pass away with assets in both Malaysia and Singapore, and possibly in other countries as well. Typically, the personal representatives of the deceased Malaysian citizen consult a Malaysian lawyer to obtain the Grant of Probate or the...
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,...
In the aftermath of a loved one’s passing, beneficiaries of an estate eagerly anticipate the distribution of their inheritances. However, when an executor delays the distribution of assets, it can create frustration and uncertainty for beneficiaries. While it is the duty of the executor to administer the estate efficiently, delays can occur due to various...
When it comes to estate planning for families with minor children, establishing a testamentary trust can provide peace of mind and financial security for the future. Within a testamentary trust, the role of a trustee is of utmost importance. A trustee is entrusted with the responsibility of managing and safeguarding the assets for the benefit...
The “Macau King of Gambling Estate Dispute” is a high-profile case involving inheritance rights that has garnered significant attention in recent years. While the case originated in Macau, it has also sparked widespread controversy and interest in Malaysia due to its connection with Malaysian laws and assets. This article aims to analyze the occurrence and...
Estate planning is a crucial aspect of securing the future of one’s assets and ensuring the smooth transfer of wealth upon death. In Malaysia, signing two Wills on the same day introduces a complex legal scenario that necessitates a comprehensive understanding of the potential consequences involved. This article delves into the intricate details of the...
When it comes to estate planning, two critical roles that often come into play are the executor of a Will and the guardian of minor children. While both positions carry significant responsibilities, their powers and duties differ considerably. In Malaysia, understanding the distinctions between these roles is essential for ensuring the smooth administration of estates...
Over the past decade, technology has advanced rapidly, and the widespread use of the internet has granted people access to a wide range of information, including personal data of others. The internet is no longer limited to connecting people and conducting research; it has transformed into a platform where individuals can store information and promote...
