In Malaysia, the rules of intestacy (when someone dies without a will) generally do not consider a spouse’s fidelity or personal behavior as a factor in determining their right to inherit. Instead, inheritance laws often focus on factors like marital status, kinship, or the presence of a valid Will. It’s important to emphasize that this...
A guardian is an individual who assumes legal and personal responsibilities for another person, often a minor (someone below the legal age), someone with disabilities, or an elderly individual who cannot make decisions independently. Guardianship is especially common for minors, where a guardian is appointed to ensure their well-being and welfare. Under Section 3 of...
In the realm of estate planning, ensuring the well-being and financial security of your loved ones is paramount. For parents with minor children, this responsibility becomes even more crucial. One effective tool in safeguarding the future of your children is the establishment of a testamentary trust. This legal arrangement offers numerous benefits that can help...
It is customary for many elderly individuals to avoid creating a Will due to considering it a taboo. Nevertheless, opting not to draft a Will could potentially create more difficulties for your family members rather than being of assistance to them. Let’s have a general run through on how Wills work. When your parents pass...
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...
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...
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...
