How to Keep Your Will Safe in Malaysia
How to Keep Your Will Safe in Malaysia
As a non-Muslim in Malaysia, whether you’ve written your will or are planning to, ensuring its safekeeping is important.
A lost or damaged will is as good as having no will under the law in Malaysia.
This guide will explore various methods for keeping your will safe in Malaysia.
It is also important to note that currently there is no law in Malaysia to state that a valid Will must be registered under the law. Therefore, there is no way to find out if a person died with or without a Will.
Understanding the Importance of Safeguarding Your Will
Your will is a legal document expressing your wishes for the distribution of your assets after your death.
It ensures your loved ones receive what you intended and prevents unnecessary complications during probate. Having a safe and secure place for your will minimizes risks and ensures your wishes are carried out smoothly.
In the event if your will cannot be found for whatever reason, your assets shall be distributed in accordance to the Distribution Act 1958, which may be against your intention.
Hence, securing your will is very important.
Generally, here are 3 options for keeping your will secure in Malaysia:
- Home Storage
This option is the most affordable and accessible. You can choose from various safekeeping methods within your home:
- Locked Drawer or File Cabinet: Choose a secure location within your home, away from potential damage or water leaks. Invest in a sturdy lockable drawer or file cabinet for added protection.
- Fireproof Safe: A fireproof safe offers an extra layer of security against fire damage. Consider the size and weight of your safe and its placement within your home.
- Professional Will-Writing & Custody Services / Banks
Companies/Banks offering will-writing services offer secure storage and retrieval of will services. These services often include:
- Secure storage facilities
- Retrieval assistance to your executor upon your passing.
- With Your Lawyer
If your lawyer drafted your will, they may offer storage services for an additional fee. This option can provide peace of mind knowing your will is readily accessible to your legal representative.
Factors to Consider When Choosing a Storage Method for Your Will
- Security: Choose a method that offers adequate protection against loss, damage, and unauthorized access.
- Accessibility: Ensure your executor can access your will promptly after your death.
- Cost: Compare costs associated with different storage options, including annual fees, additional services, and access procedures.
- Peace of Mind: Choose a method that provides you with the greatest comfort and security knowing your will is safe.
Important Tips for Keeping Your Will Safe
- Inform your executor and beneficiaries about the location of your will.
- Provide a copy of your will to your executor for safekeeping.
- Regularly review and update your will as needed.
- Seek professional advice if you have any doubts or questions about will storage.
Conclusion
Keeping your will safe is essential for ensuring your wishes are carried out smoothly after your death. By carefully considering your options and choosing a method that meets your needs, you can ensure peace of mind knowing your legacy is protected.
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