Will & Wasiat Writing
Will and Wasiat Writing Services are legally effective arrangements to ensure the disposition of assets are in accordance to one's personal wishes. It helps to smoothen the process of estate administration and distribution.What is a Will?
A legally binding document by which an individual signifies his/her wishes as to the distribution of his/her estate upon death.
Benefits of Will Writing
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What if you don't have a Will?
If you don’t have a Will, your estate has to be distributed according to the Distribution Act 1958 as shown:
(As Amended in 1997) (for Peninsular Malaysia and Sarawak)
| Intestate Leaving Surviving | Entitlement |
| Spouse only | Spouse - 100% |
| Issue only | Issue – 100% |
| Parent(s) only | Parent(s) only - 100% |
| Spouse & Parent(s) only | Spouse – 50% Parent(s) – 50% |
| Spouse & Issue only | Spouse – 33.33% Issue only – 66.67% |
| Parent(s) & Issue only | Parent(s) – 33.33% Issue – 66.67% |
| All surviving | Parent(s) – 25% Spouse – 25% Issue only – 50% |
(for Sabah)
| Intestate Leaving Surviving | Entitlement |
| Spouse only | Spouse - 100% |
| Issue only | Issue – 100% |
| Parent(s) only | Parent(s) only - 100% |
| Spouse & Parent(s) only | Spouse – 50% Parent(s) – 50% |
| Spouse & Issue only | Spouse – 33.33% Issue only – 66.67% |
| Parent(s) & Issue only | Parent(s) – 0% Issue – 100% |
| All surviving | Parent(s) – 0% Spouse – 33.33% Issue only – 66.67% |
Note: If there is no living primary beneficiaries, then the following person(s) are entitled to the estate in accordance to priority:
- Brothers & Sisters
- Grandparents
- Uncles & Aunts
- Great Grandparents
- Great Uncles & Aunts
- Government
What are the possible implications if someone dies without a Will?
- Time consuming and costly
- Beneficiaries and percentage of inheritance are determined by the Law
- Beneficiaries outside the Law will not benefit
- Appointment of administrator
- Requirement of two (2) sureties
- Possibility of splitting of assets to too many beneficiaries
- Wishes of the deceased will never be heard thereafter
- Inheritance might be misused by immature beneficiaries
- Family disputes
- Depletion of assets
- No peace of mind
What is a Wasiat?
A legally binding document by which an individual signifies his/her wishes as to the distribution of his/her estate upon death.
From the Hadith of Prophet Muhammad (PBUH):
“It is not permissible for any Muslim who has something to Wasiat to stay for two nights without having his Wasiat written and kept ready with him”
(Narrated by Bukhari and Muslim)
Importance of a Wasiat
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Benefit of Wasiat Writing
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Disclaimer:
Public Mutual Berhad (Public Mutual) and PB Trustee Services Berhad (PBTSB) believe that the information contained herein is accurate as at the time and date of issue. However, Public Mutual and PBTSB including all the officers, directors, agents, associates and employees of Public Mutual and PBTSB make no warranty or representation as to the accuracy, suitability or reliability in relation to any statement or information contained herein. Public Mutual and PBTSB shall not be liable for any representation, act or omission, whether express or implied, by persons purporting to advise you by relying on this information derived therein, directly or otherwise. Public Mutual and PBTSB disclaim any responsibility or liability for any damages, losses or costs incurred, directly or indirectly arising from the use of this information.
The information herein is solely for the use of the client to whom this is addressed. This information is not to be construed as a contract. The terms and conditions in relation to the service offered are set out in the Will Writing / Wasiat Writing and Trust Nomination Services Application Forms, Terms and Conditions of Executorship and Terms and Conditions of Custodian issued by PBTSB. The information contained herein has been derived from sources believed to be reliable. We reiterate no representation is given about and no liability or responsibility is accepted for the accuracy or completeness of this information. This information is provided to you for guidance only. It should not be reproduced, distributed or published by any recipient for any purpose.