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WILLS & TRUST www.Make-A-Will-Now.com

When you have the MM2H Visa endorsement in you passports, you have a Fixed Deposit of MYR150,000 or MYR300,000 deposit in a local Malaysian Bank. After 1 year on the MM2H Program you can withdraw MYR50,000 or MYR150,000 as deposit to purchase a Malaysian Home, offset a Malaysian Home housing loan, medical expenses in Malaysia, your child education in Malaysia or purchase a local assemble car duty free.

If you have ANY assets in Malaysia with or without the MM2H Visa such as Fixed Deposits, saving accounts, purchase local Malaysian Home, properties, Malaysian business & investments in various Financial assets, cars & other valuables. Make a Malaysian Wills for your Malaysian Assets - Financial, Properties, Business & etc MORE INFO SEE  www.Make-A-Will-Now.com

We can help you prepare A WILL FOR YOU & your family members to ensure that ALL your Malaysian Assets are properly distributed to your love ones & beneficiaries of your choosing. Without a Malaysian Will the distribution of your assets wil take many many years to be distributed to your appointed beneficiaries.  With a Malaysian Wills your assets will be distributed to your beneficiaries in months.... http://make-a-will-now.com/With-Will-No-Will.htm

We are working with Rockwills Group of Companies - they are specialize in Wills & Trust matters, establish in 23 Aug 1995 and have written more then 119,000 wills - FOR MORE Info on Wills & Trust Matters - SEE www.Make-A-Will-Now.com - Appointed Franchisee of Rockwills International  Group of Companies.

    A Will or Testament

Is a legal declaration by which a person, the testator, names one or more persons to manage his/her estate and provides for the transfer of his/her property at death. For the devolution of property not disposed of by will, see inheritance and intestacy.

In the strictest sense, a "will" has historically been limited to real property while "testament" applies only to dispositions of personal property (thus giving rise to the popular title of the document as "Last Will and Testament"), though this distinction is seldom observed today. A will may also create a testamentary trust that is effective only after the death of the testator.

What is a Will ? - Contact Us www.Make-A-Will-Now.com

A Will is a legal document where you list down your wishes and these wishes will only be acted upon in your absence.

Why do I need a Will ?

Without a Will, your assets could be more troublesome than beneficial to your family at a time when they are most vulnerable. They could become involved in a long drawn process with the law or a complex legal battle.

Without a Will, the law will decide who your beneficiaries should be. You should never assume that your assets would go to the person you want to benefit. Leave nothing to chance. Make a Will and the law will protect your wishes.

Why use Rockwills Professional Will-Writing Service ?

Now drawing up a Will is as easy as making a phone call... to Rockwills. A Professional Will-Writer from Rockwills can take your instructions in the privacy of your office or the comfort of your home. Using our unique Professional Will-Writing system and personalized service, your Will can be tailor made to suit every situation.

This will avoid delay due to MALAYSIA Distribution Act 1958 (Amended in 1997). For example, if Mr.A passes away without a Will, leaving behind his wife, surviving father, 5 brothers and sisters, and 2 children, the distribution shall follow the Act as illustrated in the diagram below:"

 

Benefits of writing your Will through Rockwills : 

  Comprehensive and Professional Will-Writing Service

  Fulltime in-house legal advisors to support and check all Wills

  Professional Custody service for keeping all Wills securely

  SpecialRockwills Trustee Service to Complementyour Will to ensure extra protection.

  Continuouspersonalised service, fully backed by the No.1 Professional Will-writing Company in Malaysia

  Special bar coded Will with security stamp to minimize fraud or tampering.

That is why more than 119,000 + Malaysians and foreigners today have written their Wills through Rockwills.

Why you must keep your Will secure ?

Although making a Will ensures that your last wishes will be fulfilled, you should however also ensure that your Will can be found quickly and easily when the need arises. At Rockwills, we also offer Professional Custody service for your Will with Rockwills Trustee Berhad. Our unique retrieval service will ensure that your Will can be found quickly and easily when the need arises.

Why use Rockwills Professional Will Custody Service ?

A Will is the best way to ensure that your instructions for the well-being of your family is carried out when you are no longer around. But writing a Will is only half of the story. The other half is keeping it in a secure place. Some people hide their Will so well it is as good as lost! Most people would keep it in a bank safe deposit box. Not a good idea when it comes to a Will. Simply because when the account holder is no longer around, the deposit box and everything in it will be frozen. What can your family do then?

A far better answer is to use our Professional Will Custody Service.

What is a will ? EXAMPLE OF A MALAYSIAN WILL TERMS & CONDITIONS

A will is a legal document which outline how a person intends to have his/her estate distributed and/or other matters to take effect after his/her death.

Why is A Will Needed ?
* If you wish for a quick transfer of assets to your loved ones
* Avoid the need of 2 sureties (guarantor)
* You can set up Testamentary Trust Fund or Trust Property for your minor children, aged parents or special child
* Have your own choice of executor(s), trustee(s), guardian(s) & beneficiary(ies)
* Avoid dispute & complication over your assets & much more....

What makes a will valid ?
To make a valid will, the testator (will maker) should;

* Bemininium 18 years old (for west malaysia and Sarawak)
* Be of sound min
* Comply with the formal requirement in Section 5, Wills Act 1959.

What are the formal requirements in Section 5, Wills Act 1959 ?

* A will can be handwritten or typewritten in any language except Privileged Will.
* A will must be signed or thumbprint by the testator(Will Maker).
* Witnessed by at least two witnesses, who witness the testator's signature. The witnesses will then sign in the presence of the testator and in the presence of each other.

Can I will all my movable (e.g. cash) or immovable (e.g. house) assets in Malaysia as well as outside Malaysia ?

The movable assets within Malaysia and outside Malaysia can be willed away. So can the immovable assets within the country.

However, for the immovable assets outside Malaysia, it is advisable to write another will for that particular property because the law governing immovable properties can vary from country to country.
Property that may not be dealt within a Will

* Insurance Policies under Section 23 Civil Law Act 1956/Section 166 Insurance Act 1996.
* Employees Provident Fund (EPF) where nominees have been named.

Can my will be revoked by a divorce ?

A will cannot be revoked by a divorce and it is therefore advisable to rewrite the will when one is divorced from his/her spouse.

Is my will revoked upon marriage ?

Yes, a will is revoked upon marriage unless there is a 'Incomtemplation of marriage' clause in the will.

What do you mean by 'Incomtemplation of marriage' ?

When a person gets married, his/her will is automatically revoked unless he/she intends to marry a particular person mentioned in the will. In this case, the will will not be revoked even after marriage to this particular person.

Duties of An Executor
* Locate the Will
* Make funeral arrangement if necessary
* Apply for Grant of Probate (GP)
* Call in the Assets
* Clear the Debts and Liabilities
* Prepare a statement of account
* Distribute assets according to the Will

How many executors can I appoint?

Minimum 1, maximum 4.

Can my executor or trustee abscond with my money ?

Of course he can. It is therefore important to select your executor or trustee carefully. Alternatively, you can use a trust company, such as Rockwills Trustee Berhad.

Can a foreigner be appointed an executor or trustee ?

Yes, but you should consider whether it is practical to do so (eg. how long will he stay in this country ?) A levy may also be imposed on a foreigner.

What is the age for a minor requiring a trustee ?

A trustee is required as long as the minor is below 18 years of age.

Duties of a Trustee
* Normally, the duties of a trustee begin when the duties of an Executor end.
* The duties of a Trustee is to continue administering the estate which cannot be distributed, eg. when minor beneficiaries are involved.
* The Trustees has to follow the instructions and powers given to him/her by the testator and any income generated from the estate must be accounted for.

What is the age for a minor requiring a guardian ?

A guardian is required as long as the minor is below 21 years of age.

Duties or responsibilities of a Guardian
* Maintenance
* Education
* Health

What is the minimum age to be executor, trustee or guardian ?

Age 21.

Can a beneficiary be an executor, trustee as well as guardian ?

Yes, he can.

Can an executor, trustee and guardian be the same person ?

Yes, certainly.

Does a person need to pay estate duty in Malaysia after his death ?

No. Anyone who dies on or after 1st November 1991 is not subject to any estate duty in Malaysia.
Witnessing Your Will

When you sign your will, the Law requires that you get 2 witnesses to witness your act of signing the will together at the same time. However, your witnesses must not be:

* Your beneficiary
* Spouse of your beneficiary

It is advisable to get someone who is:

* A family friend or relative;
* Easy to locate;
* Above 18 yrs old.

However, it is not required by Law for the witness to know the content of the will or your wealth distribution details. You may however let them know that you are preparing this important document to protect your loved ones.

When do I need to rewrite my will ?

If any of the following happen to you ....


* Change of marital status (married, divorced)
* Change of your executor status (migrate, death, relationship breakdown, incapacity, bankrupt)
* Change of your guardian status (migrate, death, relationship breakdown, incapacity, bankrupt)
* Change of mind with regards to your beneficiaries (children reach the age 21, different beneficiaries)
* Change of your witnesses status (migrate, death relationship breakdown, incapacity)
* New family member (new born child)
* Substantial increase of wealth (started a business, purchased properties)

However, in accordance to our statistics it is advisable to review your will every 2 to 3 years.
Does my will need to be stamped or sealed ?

A will does not need to be stamped to be valid while sealing is just for confidentiality.

Why write will with Rockwills? - Contact Us www.Make-A-Will-Now.com

Established in August 1995. Rockwills is the No.1 Professional Will Writing and Will Custody company in Malaysia. To date Rockwills has track record written more than 119,000.00 wills.

Who can keep the wills safe ?

We believe that writing a will is only one side of the coin which is equally important is the safe keeping of the will.

Hence, Rockwills also provides will custody package that include safe keeping P.A 1B annual reminder and discount on rewriting.

Who do I see to make my will ?  Contact Us Rockwills Franchisee
CHECK OUT www.Make-A-Will-Now.com  119,000 Wills Written Up to Date !