In the event of an individual’s passing with a Will in place, the procedure entails seeking a Grant of Probate. However, if a legally valid Will is absent, the course of action shifts to obtaining a Letter of Administration, a more intricate process in contrast to the Grant of Probate. The timeframes for applying for...
The Role of Insurance Funding The significance of insurance in estate planning often goes overlooked by many people. Although some have a basic understanding of its role, it is essential to fully comprehend its importance. If you are unfamiliar with the role of insurance in estate planning, let us be your guide. The role of...
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 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...
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