Author: nbs007

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…

When Is Resealing of Probate Necessary in Malaysia? / Estate Planning / By yingni In today’s globalised world, it is common for individuals to hold assets in multiple countries. When a person passes away overseas but leaves behind property, bank accounts, or investments in Malaysia, their foreign Grant of Probate cannot be used directly here. Instead, the estate representative must apply for a legal process known as the resealing of probate. Resealing allows the Malaysian courts to formally…

What is a Letter of Administration and How Does It Differ from Probate? / Estate Planning / By yingni When a loved one passes away, their estate cannot simply be distributed immediately—even if family members know the deceased’s wishes. In Malaysia, the law requires that estates be administered through a formal legal process, and this process takes two main forms: a Grant of Probate or a Letter of Administration (LA). The key distinction lies in whether the deceased…

在芙蓉一栋安静的双层住宅里，邻居们时常听到隐约的哭声，却不知是否该插手。屋子里，9岁的哈里希是一位患有唐氏综合症的孩子，大多数时间被锁在房间里，唯一的陪伴是年迈的外婆——79岁的丽珠女士。她体力衰弱，无法提供帮助。曾经是一位坚毅的泰米尔语学校教师，如今却因初期失智症而常常迷失、健忘，呆坐在大门口，眼神空洞地等待着那个永远不会归来的女儿。

我收到了一份澳大利亚的工作机会，但我是父母的独生子（女）。由于这是一份新工作，我觉得还有许多不确定的因素，因此暂时不打算带父母一起过去。但与此同时，我又担心他们在我离开后是否能得到妥善的照顾。我听说过设立信托，可以请您详细解释一下吗？