Friday, May 26, 2017

What is a Will?

A Will is a declaration made by a person on the things he wishes to take place when he passes on. Some of the things could be the transfer of his assets to a particular person he wants, he may give instruction how his body is taken care off, eg bury. These instruction are written in a Will.
He can also have term of endearment in a Will.

Under Malaysian Law, there are precedents that must be followed so that the Will is a valid one. The essential clauses in a Will are:-

1. The revocation clause
2. The appointment of Executor or Trustee
3. Distribution of assets
4. Attestation

A Will must be written down on a piece of paper. The instruction in a Will can not done under a camera or video. However, there are exception for police or army, the special group of persons.

Generally, most Wills are for the transfer of assets from the deceased to their loved ones, as when there is a Will, the distribution of the assets of the deceased will not follow the Distribution Act but the testator's wishes in a Will.

To find out more about Will and Trust, please visit www.rockwillsonline.com.my or call /whatapps 012 3039383.

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