Month: July 2026

一场中风、意外或认知能力衰退，未必会立刻改变一个家庭的感情，却可能马上改变家庭处理金钱的能力。房贷、医疗费、员工薪资、孩子教育费仍要支付，但账户由谁管理、投资能否调整、公司文件由谁签署，往往没有答案。失能后资产管理安排，正是为这段“人还在，却无法作决定”的时期预先建立秩序。

Suitable Will structure for a single parent with minor children For a non-Muslim single parent in Malaysia, the most suitable arrangement is generally a Functional Will incorporating a Testamentary Trust, rather than giving the estate directly to the children. 1. Appoint an executor and trustee Appoint a reliable person or preferably a trust corporation to: administer the estate; settle debts, taxes and expenses; manage money and property for the children; pay for their maintenance, education…

What is the functional Will Structure for Married Couple with Minor Children? For a non-Muslim married couple with minor children in Peninsular Malaysia, the most suitable arrangement is usually: Two separate but coordinated Functional Wills, each containing a Testamentary Trust for the minor children. Each spouse should sign an individual Will. The two Wills may contain similar or “mirror” provisions, but they remain separate documents that either spouse can later amend. Recommended structure Primary provision…

Functional Will Structure for a Married Couple with Adult Children For a non-Muslim married couple in Peninsular Malaysia, the recommended arrangement is generally two separate but coordinated Functional Wills—one for the husband and one for the wife. “Functional Will” is an estate-planning description rather than a separate statutory category under the Wills Act 1959. The Act governs how a valid Will is made and what property may be disposed of. 1. Revocation and personal particulars…

A Will is one of the most important documents in estate planning. It allows a person to decide how their assets should be managed and distributed after their death, rather than leaving these decisions entirely to the law. In Malaysia, a person who makes a Will is known as the testator, while the property, money and other assets left behind are collectively known as the estate. What Is a Will? A Will is a legal…

What Is a Living Trust? A Living Trust is an estate-planning arrangement created during a person’s lifetime. Under the arrangement, selected assets are transferred to a trustee, who holds and manages those assets according to the terms of a Trust Deed for the benefit of one or more beneficiaries. The person establishing the trust is commonly known as the settlor. The person or trust company responsible for administering it is the trustee, while those entitled…