Will/Wasiat Writing
A Will/Wasiat is a legal document which outlines how a person intends to have his/her estate fairly distributed according to his/her wishes and/or other matters to take effect after the person’s demise as well as who will be responsible to administer it.
About Will/Wasiat Writing
What is a Will/Wasiat?
A Will/Wasiat is a legal document which outlines how a person intends to have his/her estate fairly distributed according to his/her wishes and/or other matters to take effect after the person’s demise as well as who will be responsible to administer it.
What is the purpose of Will/Wasiat?
- To avoid any DISPUTE and COMPLICATION in distributing the intended estate.
- For a speedy transfer of assets to loved ones and to protect the beneficiaries who are minors/disabled.
- If a person dies without leaving a valid Will/Wasiat, his/her estate may not be distributed to his/her intended beneficiaries.
- For Muslims, a Wasiat allows a person to allocate 1/3 of his/her assets to any person of his/her choice and the remaining 2/3 to his/her rightful heir(s) under Faraid Laws.
What is Will/Wasiat Writing by Amanah Raya?
Amanah Raya Berhad (ARB), founded in 1921 and wholly owned by the Malaysian government, stands as the nation's foremost Trustee Company.
With over 90 years of expertise in Legacy Management, ARB leads the market in delivering specialized Will/Wasiat, Trust, and Estate services to Malaysians of all backgrounds.
Operating through 20 branches across the country, ARB caters to both Muslim and Non-Muslim clients, offering comprehensive Will/Wasiat services tailored to their respective needs.
With over 90 years of expertise in Legacy Management, ARB leads the market in delivering specialized Will/Wasiat, Trust, and Estate services to Malaysians of all backgrounds.
Operating through 20 branches across the country, ARB caters to both Muslim and Non-Muslim clients, offering comprehensive Will/Wasiat services tailored to their respective needs.
Key Benefits
Fair Distribution
Direct Bond/Sukuk prevents complication when distributing intended estate to loved ones and beneficiaries.
Saves Time
Spend less time in distributing the relevant estates to your loved ones and beneficiaries.
How Basic Will/Wasiat Works
What is a Basic Will/Wasiat?
- A Basic Will/Wasiat usually includes all the persons inheriting the estate, i.e., beneficiaries, who will be legally entitled to the assets of the person making the Will/Wasiat, i.e., testator, after the testator has passed away.
A Basic Will/Wasiat is made up of a basic set of components:
- Identifies the testator.
- Indicates that the testator is of sound mind and understands that the document is a Will/Wasiat.
- States who the beneficiaries of the Will/Wasiat are and what they will be receiving.
- Names an executor, or person who will be responsible for distributing the assets to the beneficiaries.
- Contains the signature of the testator.
- Contains witness’s signature who will witness and attest on the testator’s signature.
How Comprehensive Will/Wasiat Works
What is a Comprehensive Will/Wasiat?
- A Comprehensive Will/Wasiat is usually more detailed than a Basic Will/Wasiat.
What makes it different from a Basic Will/Wasiat?
- Writing a Comprehensive Will/Wasiat requires the testator to list down all his/her assets and specific details of each asset, for example, the details found on a title deed or the Sale and Purchase agreement of a house
- The testator can also put in a residuary clause in his/her Will/Wasiat to include assets that are to be acquired in the future or any future inheritances, including liquid assets
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