10 Must-Knows for Wills and Probate in Malaysia for Non-Muslims
10 Must-Knows for Wills and Probate in Malaysia for Non-Muslims
A will is a legal document that allows you to specify how your assets will be distributed after your death. It is an important document for everyone to have, regardless of their religious beliefs. However, the laws governing wills and probate in Malaysia can be complex, especially for non-Muslims.
This article will provide you with the top 10 must-knows for wills and probate in Malaysia for non-Muslims. By following these tips, you can ensure that your wishes are carried out after your death and that your loved ones are taken care of.
1. Make a will
The most important thing you can do to ensure that your wishes are carried out after your death is to make a will. A will is a legal document that specifies how your assets will be distributed after your death. It is important to have a will even if you have a small estate. Without a will, your assets will be distributed according to the intestacy laws of Malaysia, which may not be what you want.
2. Be specific
When drafting your will, it is important to be as specific as possible about how you want your assets to be distributed. This includes specifying the names of the beneficiaries, the percentage of the estate that each beneficiary will receive, and any special instructions you may have.
3. Review your will regularly
Your circumstances may change over time, so it is important to review your will regularly to make sure it still reflects your wishes. For example, if you get married, have children, or divorce, you will need to update your will accordingly.
4. Keep your will safe
Once you have drafted your will, it is important to keep it safe. You should store your will in a secure location where it will not be lost or destroyed. You should also give a copy of your will to your executor so that they can access it after your death.
5. Notify your beneficiaries & executors
Once you have drafted your will, you should notify your beneficiaries of its existence. This will help to avoid any confusion after your death. You should also give your beneficiaries a copy of your will so that they know what to expect.
6. Be aware of the intestacy laws
If you die without a will, your assets will be distributed according to the intestacy laws of Malaysia. These laws may not be what you want, so it is important to make a will even if you have a small estate.
7. Remember that your will is not set in stone
Your will can be changed at any time. If your circumstances change, you should review your will and make any necessary changes. You should also keep your beneficiaries updated on any changes to your will.
8. Application for Grant of Probate
A Grant of Probate is a court order that validates a will and appoints an executor to administer the estate of the deceased person. Once you have been granted probate, you will be able to administer the estate of the deceased person. This includes paying debts and distributing assets to beneficiaries.
Conclusion
Making a will is an important decision, but it does not have to be difficult. With the help of a lawyer or a will-writing service, you can create a will that reflects your wishes and protects your loved ones.
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