Joshua Ho
Partner at Raj, Ong & Yudistra
Will writing is an essential process that ensures the distribution of an individual’s assets according to their wishes after their death. It is crucial to write a will in Malaysia, as it helps to avoid conflicts and confusion amongst beneficiaries.
A will is a legal document that outlines how an individual’s property, assets, and possessions should be distributed among their heirs or beneficiaries. In this article, we will discuss the will writing process in Malaysia and the factors to consider when creating one.
1. Determine your assets and liabilities
Make a list of all your assets and liabilities, including your bank accounts, properties, investments, debts, and other obligations. This information will help you decide how to distribute your assets fairly among your beneficiaries. It is also essential to consider any outstanding debts or obligations that may affect the distribution of your assets.
2. Determine your beneficiaries
Decide who you want to inherit your property, assets, and possessions. It is essential to list down the beneficiaries’ names and it is best include their relationship with you, such as spouse, children,
siblings, parents, or friends.
3. Determine your executor
An executor is a person who will manage your estate and ensure that your assets are distributed according to your wishes. It is essential to appoint someone trustworthy and capable of handling your
affairs. You can also appoint a professional executor, such as a lawyer or an accountant.
4. Seek legal advice
It is recommended to seek legal advice from a lawyer who specializes in estate planning and will writing. A lawyer can provide you with expert advice on the legal requirements of writing a will and
ensure that your will is valid and enforceable.
5. Draft your will
With the help of your lawyer, draft your will, including all the necessary details, such as the beneficiaries names, the executor’s name, and the assets and liabilities. Ensure that your will is clear
and concise, and all your instructions are stated explicitly.
6. Signing your will
Once you have drafted your will, you need to sign it in the presence of two witnesses. The witnesses must be above 18 years old and not beneficiaries under the will. The witnesses must also sign the will to confirm that they have witnessed your signature.