Guide to Will Writing Services in Malaysia
When it comes to securing your legacy and ensuring your assets are distributed according to your wishes, a well-written will is essential. Several providers in Malaysia offer will writing and estate planning services tailored to different needs, from basic wills to complex trust arrangements. Here’s an overview of some of the top will writing services available in Malaysia, along with key considerations when drafting a will.
1. Trust Hong Kong
Trust Hong Kong & HKT Wealth Advisory provides a comprehensive suite of estate planning services, specializing in will writing that ensures clarity and compliance with Malaysian legal standards. Their team offers personalized guidance to help you create a will that aligns with your specific needs and goals. Trust Hong Kong can also assist in appointing executors, establishing trusts, and organizing asset distribution according to your wishes.
Expert Guidance: Trust Hong Kong’s team of professionals is equipped to handle both simple and complex estates, helping clients secure their assets effectively.
Customized Services: Whether you need a basic will or a tailored trust structure, Trust Hong Kong provides end-to-end support.
2. Rockwills
Rockwills is known for its comprehensive will writing services, designed to cater to a range of estate planning needs. Their service includes a standard form for clients to fill out, simplifying the initial stages of will preparation. Rockwills also assists in appointing an executor and trustee, ensuring that your estate is managed as you intended.
Price: Starting at RM480, with additional charges based on the number of clauses included in the will.
Trust Services: Rockwills offers a variety of trust options, including private trusts, pet trusts, insurance trusts, buy-sell trusts, and family trusts, allowing clients to structure their assets according to specific goals.
3. Mr Wills
For those seeking an affordable solution, Mr Wills provides a budget-friendly will writing service. While details on additional services are limited, Mr Wills aims to make the process of drafting a will accessible to a broader audience.
4. Amanahraya
With over a century of experience in legacy planning, Amanahraya is one of Malaysia’s oldest and most trusted providers. They offer in-depth expertise in estate planning, catering to clients who prioritize security and reliability.
Experience: Over 100 years in the legacy planning industry, ensuring well-established and reputable services.
5. Maybank Malaysia
Maybank Malaysia offers a straightforward will writing service, allowing customers to make enquiries directly. This service is ideal for clients who already bank with Maybank and want the convenience of adding estate planning to their financial portfolio.
Enquiry Process: Send a message to Maybank to begin the process or to gather more information about their will writing services.
6. RHB Malaysia
RHB Malaysia provides a comprehensive suite of will writing services that go beyond simple will drafting. Their services include financial products such as deposits, cards, financing, investment options, and trustees, offering clients a well-rounded approach to estate planning.
Services: In addition to will writing, RHB integrates estate planning with other financial services, making it a convenient choice for clients looking for a full-spectrum approach.
7. Sim & Rahman
Specializing in services for foreigners and expatriates, Sim & Rahman offers will writing tailored to the unique needs of non-Malaysian residents. Their expertise helps ensure that expatriates’ assets in Malaysia are distributed according to their wishes, in compliance with local laws.
Key Considerations When Writing a Will in Malaysia
Creating a will involves several important steps to ensure your assets are handled as intended. Here are some essential considerations:
Specify Asset Distribution: Clearly outline which assets go to which beneficiaries. This can include property, financial investments, personal belongings, and other valuables.
Appoint a Guardian: If you have children under 18, it’s crucial to appoint a guardian in your will. This ensures that a trusted individual is legally responsible for their care in your absence.
Nominate an EPF Beneficiary: For those with an Employees’ Provident Fund (EPF) account, it’s recommended to nominate a beneficiary. This enables the nominated individual to access the EPF account after your passing, ensuring that funds are available for your loved ones.
Choosing the Right Will Writing Service
Selecting a will writing service depends on your unique needs, whether you require a simple will or a more complex trust structure. Consider factors such as cost, the range of services offered, and the provider’s experience in estate planning. The right provider will help you ensure that your estate is well-organized, legally compliant, and tailored to protect your loved ones.
Each of the providers listed above offers distinct advantages, from Trust Hong Kong’s personalized service to Amanahraya’s century-long experience. Evaluate these options carefully to make an informed decision that aligns with your estate planning goals.
Next step: For professional guidance on creating a will and securing your assets, reach out to Trust Hong Kong today. Our experienced team is ready to provide tailored solutions to protect your legacy and bring peace of mind to you and your family.
