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A Will or Testament is a legal declaration by which a person, the testator, names one or more persons to manage his or her estate and provides for the distribution of his or her property at death.
Though it has at times been thought that a "Will" was historically 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"). Thus, the word "Will" validly applies to both personal and real property. A Will may also create a testamentary trust that is effective only after the death of the testator.
It is often said you should hope for the best and plan for the worst. Having an up-to-date will is the first step in ensuring your assets and property are accounted for and will be distributed in accordance to your wishes. Will Writing in Malaysia is becoming more popular as the Malaysian public become aware of its importance to their family. Many people don't realise the problems their family have to go through if they die without leaving a Will.
If you die without a will (Intestate):-
Section 6 of the Distribution Act 1958 sets out various scenarios for intestacy and provides a fixed formula for the distribution of the person’s assets. The following are some examples:
Surviving Family Members | Entitlement |
Spouse, Issue and Parent(s) | Spouse: 1/4; Issue: 1/2; Parents: 1/4 |
Spouse and Parent(s) | Spouse: 1/2; Parent(s): 1/2 |
Spouse and Issue | Spouse: 1/3; Issue: 2/3 |
Parent(s) and Issue | Parent(s): 1/3; Issue: 2/3 |
Parent(s) Only | 100% |
Spouse Only | 100% |
Issue Only | 100% |
Distribution Act 1958 applies only for West Malaysia and Sarawak. Issue means children and descendants of children Parent(s) - natural mother or father of a child / lawful mother or father of a child (Adoption Act 1952).
The following are entitled according to priority if you die without a Will and not leaving behind spouse, issue and parent(s).
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