Month: July 2026

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…