Why do I Need A Will? (1)

          With a Will, the time to complete distribution is considerably shortened and you avoid the need for sureties/guarantors and the need to search for and agree on a reliable administrator. You can also ensure that the welfare of your children are taken care of by appointing a guardian while you still retain control over your assets even after writing your Will.

          You are never too young to write a Will and protect your loved ones from hassle and delay. Accidents or terminal illness can happen to the young too. Moreover, the Wills Act 1959 also states that a person must be mentally sound or have mental capacity to write their Will. So, do not wait until you are too old or sick before you write your Will as it might be too late.

          Everyone should have a Will no matter how small the estate is so that the family is not further burdened.

          Even if you do not have any family members that you would want to give to, you can always consider charitable contribution to orphanages, old folks home, various associations for the blind, homes for disabled children, homes for the destitute or religious organizations.

          A Will is simply a document that contains a person’s intentions on the distribution of his or her assets at death. Your Will determines how, when, how much, and even why, you want your property apportioned between your relatives, friends, and/or charities. Without a Will, all of these decisions are left to a court to determine in accordance with distribution laws in Malaysia. A Will only takes effect when you pass away.

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Source:
1. Rockwills Corporation (M) Sdn Bhd
2. LegalWillsMalaysia.com - 10 Most Common Mistakes When Writing a Will, and How to Avoid Them