Estate Planning

 

  • Up to 15 Clause
  • Lock Down This Price for 12 Months
  • Free Lifetime Custody RM1,188
  • Free Accidental Benefits RM30,000
  • Free Executor Appointment Fee RM120
  • Bereavement Care Cash Voucher RM288
  • Only limited for 50 Customers
  • and many more…
  • Promotion ends 30th June 2021

 

 

What is Estate Planning

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Distribution Act 1959

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Your Wealth Could Evaporated Up to 70%

When without a proper Estate Planning

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Probation Process

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Passing on Deabts instead of Wealth

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FAQ for Estate Planning

Enquire now! Don’t need to write first; lock down the price for 12 months!

What is WILL WRITING?

will is a legal document in writing signed by you (testator) and witnesses, setting forth your wishes about distributing your property and care of minor children (if any).

Source: Freemalaysiatoday.com

Who needs a WILL?

Anyone who own an asset like a house, or even a bank account need a WILL to govern the asset distribution upon unfortunate event happens. Especially for young family with young children below 18 years old, a WILL is to assist the family to have a proper asset distribution according to the deceased wish. A person passed away without a WILL, his / her assets will be allocated according to Distribution Act 1959.

What is Distribution Act 1959?

Distribution Act 1959 is a set of law enforced by the Federal Governement of Malaysia to govern the asset distribution for individual without having a WILL or TRUST. 

What is Probation Period?

Upon death of a person, all his / her assets including cash in bank, investment, property, business account will be frozen immediately. Defroze of assets will be subjected to the content of WILL set up by the testator, or if the person without having a WILL, the defrozen process will need to go through a period of probation to investigate the assets, repayment of the assets, and distribution model following Distribution Act 1959.

How long does the Probation Period take?

Could take up to 18-36 months. A person’s assets will be frozen along probation period. Family member / next of kin will need to wait until end of probation period to receive the assets according to Distribution Act 1959.

What About Debts upon Death?

According to Distribution Act 1959, one of the procedure under probation period is to find out the deceased debtors to pay off all debts using the frozen assets before distributing to the beneficiaries. If the assets is not enough to pay off debts, the beneficiaries will need to inherit the balance of debts after paying off with all assets.

Can I write my own WILL using Microsoft Words?

A proper WILL need to endorsed by 2 witnesses.

Brightbeam Consulting

Every Relationship Matters

Established in 1996, Brightbeam Consulting (BC) has accumulated 20+ years of experiences in offering highly customised financial planning solutions which are catered to clients from all walks of life ranging from individuals, families, and small and medium enterprises (SMEs) across Malaysia. 

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