WILL AND TRUST

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Trusting the power of the will


A will is a document that states your instructions on how your assets are to be distributed upon your death. It can be in any written language.

Just as you need to pay for expenses related to house purchase, for example the Sales and Purchase Agreement, valuation fees and so on, expenses are also incurred to execute a will.
Therefore, even though you have named your beneficiaries in the will, they still need to pay for the execution expenses. Can they afford it? Do they have the resources to pay for it? These are some hurdles your family faces before the assets can be transferred to them.

With a carefully plan funded will, expenses associated with will execution can be met. We will help you estimate how much the execution expenses required and you decide how much coverage you need to plan for this future expense.

The ING selected agent has it tailored to provide for this need.

The ING Funded Will is a package of services, comprising My Legacy which provides the will writing services, Perpetual Trustee Berhad or Amanah Raya Berhad.

You can also add in allocation of funds for:

• Stamp duty and legal fees for transfer of properties
• Monthly living expenses for your family or parents, children school fees, utility bills, installment of loans, etc
• Funeral expenses, guardian allowance, settling off any mortgages and loans


Gone Too Soon

Your family will receive all your assets net instead of having to deduct any expenses, mortgages or loans taken. 

Let your family enjoy:

• Hassle-free will execution process
• Peace of mind
• No worries on will execution expenses
• 100% of your assets

Why do you need a will?
• You have control over the distribution of your assets.
• You get to appoint an executor of your choice to
   administer your estate.

• If you have minor children, you have your say as to
  who could be your children guardians.

• No sureties or surety bonds are required when
  applying for a Grant of Probate.

• The probate process is normally faster than the
   process required for letter of administration (in the
   absence of a will).

• The legal fee for probate is normally cheaper than the    
    legal fees for letter of administration. 
• You decide who your beneficiaries will be and when   
 
they can receive your assets and in what proportion.

• Less traumatic for your loved ones as it will exclude
    others from claiming your assets and delaying the
    process of distribution.



Criteria for a valid will:
• The will must be signed by the testator (the person who writes the will) in front of two witnesses.
• The testator must be above age 18 and of sound mind.
• The will must be in written form but need not be stamped. It is not advisable to write your own will unless you have the knowledge and experience to do so. Without sufficient knowledge to write a will, you may miss out important requirements
that may render the will invalid. The cost spent on a professional will writer is well worth it.



What happens if you die without a will?
• If your assets are valued at more than RM600,000, your family will be required to obtain two persons as guarantors.
  These persons must have personal assets of the same value or more than yours at the time of your death.

• If your assets are less than RM600,000 your family will need to put up a surety bond, whereby the amount shall be decided by a judge.
• Your assets will be distributed according to the Distribution Act 1958, which may not align with your own intention.
• Your family will have to decide and agree upon who will be the executor(s) or guardian(s) for your children


Distribution Act 1958 (Amended in 1997)

 Loved Ones Left Behind Who Are They
 What They Get
Spouse + Children + Parent(s)

Spouse
Children
Parent(s)
1/4
2/4 in equal shares
1/4 in equal shares
 Spouse + Children, no parent Spouse
Children
1/3
2/3 in equal shares
 Spouse + Parent(s), no children

Spouse
Parent(s)
1/2
1/2 in equal shares
 Children + Parent(s), no spouse

Children
Parent(s)
2/3 in equal shares
1/3 in equal shares
 Parent(s) onlyParent(s) Whole estate in equal shares
Spouse only Spouse
Spouse Whole estate
Children only
 Children
Whole estate in equal shares

(Amanah Raya) PUBLIC TRUSTEES

 
信任遗嘱力量

遗嘱是一份文件,指出您的指示,您的资产分布在你的死亡。它可以在任何一种书面语言。
正如你需要支付购房的相关费用,例如销售和购买协议,评估费用等,费用也招致签立遗嘱。

因此,即使你已经命名自己在遗嘱中的受益人,他们仍然需要支付执行费用。他们能负担得起吗?他们有足够的资源,为它付出?这是您的家庭面临着一些障碍前的资产可以被转移到他们。

精心计划资助,与意志执行的费用可以得到满足。我们将帮助您估计执行所需费用的多少和你决定你需要多少覆盖计划为今后的费用。

ING选择的代理,它适合于提供这方面的需要。

ING资助将是一个一揽子服务,包括提供的意志写作服务,Perpetual Trustee Berhad公司或Amanah RayaBerhad公司。

您也可以添加在资金的分配:
•转让物业印花税及律师费
•每月的生活费为您的家庭或父母,子女学费,水电费,分期贷款等
•丧葬费,监护人津贴,解决任何抵押和贷款



Gone Too Soon

Your family will receive all your assets net instead of having to deduct any expenses, mortgages or loans taken. 

Let your family enjoy: 

• Hassle-free will execution process 
• Peace of mind 
• No worries on will execution expenses 
• 100% of your assets 

Why do you need a will? 
• You have control over the distribution of your assets. 
• You get to appoint an executor of your choice to 
   administer your estate. 

• If you have minor children, you have your say as to 
  who could be your children guardians. 

• No sureties or surety bonds are required when 
  applying for a Grant of Probate. 

• The probate process is normally faster than the 
   process required for letter of administration (in the 
   absence of a will). 

• The legal fee for probate is normally cheaper than the     
    legal fees for letter of administration. 
• You decide who your beneficiaries will be and when    
  they can receive your assets and in what proportion. 

• Less traumatic for your loved ones as it will exclude 
    others from claiming your assets and delaying the 
    process of distribution. 



Criteria for a valid will: 
• The will must be signed by the testator (the person who writes the will) in front of two witnesses. 
• The testator must be above age 18 and of sound mind. 
• The will must be in written form but need not be stamped. It is not advisable to write your own will unless you have the knowledge and experience to do so. Without sufficient knowledge to write a will, you may miss out important requirements 
that may render the will invalid. The cost spent on a professional will writer is well worth it. 



What happens if you die without a will? 
• If your assets are valued at more than RM600,000, your family will be 
    required to obtain two persons as guarantors. 
  These persons must have personal assets of the same value or more than yours at the time of your death. 

• If your assets are less than RM600,000 your family will need to put up a 
    surety bond, whereby the amount shall be decided by a judge. 
• Your assets will be distributed according to the Distribution Act 1958, 
    which may not align with your own intention. 
• Your family will have to decide and agree upon who will be the 
    executor(s) or guardian(s) for your children 


Distribution Act 1958 (Amended in 1997)

 Loved Ones Left Behind Who Are They 
 What They Get
Spouse + Children + Parent(s) 

Spouse 
Children 
Parent(s)
1/4 
2/4 in equal shares 
1/4 in equal shares
 Spouse + Children, no parentSpouse 
Children
1/3 
2/3 in equal shares
 Spouse + Parent(s), no children 

Spouse 
Parent(s)
1/2 
1/2 in equal shares
 Children + Parent(s), no spouse 

Children 
Parent(s) 
2/3 in equal shares 
1/3 in equal shares
 Parent(s) onlyParent(s)Whole estate in equal shares 
Spouse onlySpouse
Spouse Whole estate 
Children only 
 Children 
Whole estate in equal shares

(Amanah Raya) PUBLIC TRUSTEES
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