You can find a quick and accessible information to answer some of the common question you may have on Will writing and related to the RightWill platform.
You may appoint a trusted individual, such as your spouse, adult child, sibling, relative, close friend, or even a beneficiary under your Will, to act as your Executor.
A Will only takes effect after death. A Living Trust can take effect during your lifetime and continues after your passing, providing continuity in managing your assets.
A Family Trust is established to hold and manage assets for the benefit of your family according to your instructions. It helps protect wealth and provides long-term financial security for future generations.
A professional trustee provides independent, impartial, and continuous administration, ensuring the Trust is managed according to legal requirements and your instructions.
Trusts in Malaysia are primarily governed by the Trustee Act 1949. Where a licensed trust company is appointed as trustee, it is also regulated under the Trust Companies Act 1949.
It is open to both Malaysians and foreigners who are:
It is not legally required to have a lawyer when writing a will. If the written will fulfils the requirements of the relevant laws and acts, it is considered as a valid and legitimate will.
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