CMY Group Training at Pearl Point Hotel

On 23rd July 2015, Ms Sim, a practising lawyer was invited to conduct a 2 hours sharing on "All about Grant of Probate and Assets Transfer". All REPs attended benefited and have a clearer idea about the application of Grant of Probate and Assets Transfer after GP is extracted.

To me, knowledge is very important to all the REPs under CMY Group, thus, very often, I will invite some good speakers to shares with all the REPs in the CMY Group. Knowledge is king and will help you to excel in your business.

I wish to take this opportunity to say 'Thank You' to Ms Sim for her effort.

If you are interested to me part of the premier group in Rockwills, please contact Mr. Chong for more information.

Questions on Will and Trust:- Can I sell my house if it is mentioned in my Will?

Assets mentioned in a Will belongs to the owners of the assets. It can be sold anytime before his/her demise or it can be fully utilized by the time the Testator passes away.

The beneficiaries named in the Will has no claim against the Testator. There is no contract between the beneficiaris and the testator. Assets mentioned in a Will can be distributed only upon full settlement of debts and expenses. Assets mentioned a Will is not creditor proof.


For more information on Will, please call Rockwills Services Centre at 03-7782 1993 /012 3039383.

Questions on Will and Trust: What is a Grant of Probate?

Grant of Probate is a document that the Executor of a Will need to apply when the Testator passes on.
The application of this document is normally done via a petition by a lawyer at the High Court.  On the application, the lawyer will submit details of the assets of the deceased together, the death certificate and copy of the original Will.

The Executor need to appear in the Court to confirm his/her identity and the Grant of Probate will be granted with his/her name mentioned as the Executor/Trustee.

Once the Grant of Probate is extracted, the Executor can unlock all frozen assets stated on the Grant and distribute according to the Will. Normally, the deceased's debts need to be settled before distribution.

With a written valid Will, the beneficiaries named in the Will will be able to receive their gifts at a much faster, smother legal process and cost less legal fees.

With a written Will, the distribution of the assets is decided on the manner stated in the Will. The Distribution Act does not applied.



For more information on Will, please call Rockwills Services Centre at 03-7782 1993 /012 3039383.