JEP Bright
Advisor
An Estate Planning Company
A Franchisee of
A Trustworthy Estate Planner Whom You Can Count On
1. Will Writing
A person wanted to write a WILL, must comply with the formalities stated in Section 5 of the Wills Act 1959, in order for the Will to be valid and effective
1. Must be at least 18 years old
2. He/She must be of sound mind
3. The Will must be in writing
4. The Will signed by Testator(Will Maker) in the presence of minimum 2 witnesses
5. These 2 Witnesses must then sign in the presence of each other and the Testator.
A. Assets Can Place Into A Will Generally is all type of assets such as
1. Movable Assets Bank Account, Investment Share/Unit Trust, Insurance Policy,EPF,Special Item,Digital Assets,& Business
2. Immovable Assets Property which is houses, condominium,shop lot and land.
3. Future asset
B. Beneficiary Whoever also can be your beneficiary
1. Main Beneficiary
2. Substitute Beneficiary
C. Witness Required
1. 2 persons as witness when signing
2. They are not beneficiaries
3. They do not need to know the content of the WILL