Questions about wills and trusts
Think about these five questions first. You do not need every answer before you message a planner.
5 questions to ask before writing a will
- Who should receive what?
- Who will carry out my will? This person is called the executor.
- Who will look after my young children, if I have any?
- Do I own a business, or assets outside Malaysia?
- Where will my signed will be kept, and who will know?
What people worry about most
General information, not legal advice.
Your question is not here? Ask an Estate Planner. Ask about our free consultation.
How do I get started with will planning?
WhatsApp or call one of our Estate Planners, or walk in during office hours. Tell us what you want to protect and who you want to look after. Ask about our free consultation. Will writing starts from RM600 + 8% SST.
When should I review or rewrite my will?
Review it after a big change in your life: marriage, divorce, a new child or grandchild, buying or selling property or a business, or when an executor or beneficiary passes away. It is also good to read it again every few years.
Who should I appoint as my executor, and what are their responsibilities?
Choose someone you trust, who is organised and willing to do the job. It can be a family member, a friend or a trust company. The executor gathers your assets, settles your debts and passes your estate to the people named in your will.
Where should I keep my will safe? What happens if my will cannot be found?
Keep the signed original in a safe place your executor knows about, such as will custody. If the original cannot be found, your family may have to settle your estate as if there is no will, and the law then decides who receives what.
How does the estate administration process work after someone passes away?
In short: find the will, gather the papers, apply for the legal authority to manage the estate, settle any debts, then pass the assets to the right people. How long it takes depends on the estate. Our Estate Planners can guide your family step by step.
What is a trust, and is it only for the wealthy?
A trust is an arrangement where a trustee looks after assets for the people you choose, following your rules. It is not only for the wealthy. Many parents use one so an insurance payout or savings are looked after for young children.
Still have a question?
Send it to a planner. No need to commit anything.