Common Mistakes When Writing a Will (3)

Ya, I admit, I would like buy something cheap and useful.
I don't like to pursue my client to spend too much unnecessary expense on will writing if the clause is not a necessary issue or better not to be listed in will (funeral arrangement, etc)

However, some client would like to reduce this and that clause, which is very dangerous -- it can lead to invalid will.
I will say, I can only suggest, advice and remind. If you insist the cheaper but dangerous will, I can't help much.

5. Not Identifying Assets Adequately
Assets with legal titles are easily identified. However with assets like jewelry, paintings and collectibles, you must identify them clearly to ensure there is no ambiguity.
HOW TO PREVENT THIS -

Common Mistakes When Writing a Will (2)

With an invalid will, is just like without a Will.

3. Selecting The Wrong Person To Be Witness
If your witness is also a beneficiary or the spouse to a beneficiary in your Will, then that person forgoes his or her gift. A gift made to someone who witnesses your Will is deemed to be null and void.
HOW TO PREVENT THIS - It is better asking close friends to be witnesses rather than family members who may be a potential beneficiary.
BEST SOLUTION

Common Mistakes When Writing a Will (1)

Without a Will, all of these decisions are left to a court to determine in accordance with distribution laws in Malaysia.

1. Unknown Location Of Your Will
If a Will cannot be found, it is assumed that you have not written one.
HOW TO PREVENT THIS - tell others where your Will is kept. If you change its location, remember to inform them. Alternative, keep all the important documents like titles, insurance policy
documents and your Will together in one location.
BEST SOLUTION - keep under trustee company's custody

什么样的情况下，您需要重新立一份遗嘱？ (3)

以下的情况是立遗嘱者必须考虑重写他的遗嘱

9. 成立信托

• 立遗嘱者想成立信托基金来照顾受益人

10. 新生儿

什么样的情况下，您需要重新立一份遗嘱？ (2)

以下的情况是立遗嘱者必须考虑重写他的遗嘱

5. 监护人身份改变

• 监护人也许不能完成任务因为
• 逝世
• 丧失工作能力
• 神志不清醒
• 监护人改变初衷然而不想成为监护人
• 宗教改变
• 移民
• 联合监护人已正式离婚或是离异

6. 受益人身份改变