Support Tools
Do you need a Will?
In our experience, young adults hear about other people writing their Wills but think it doesn't apply to them as they are 'too young' or 'don't have much' in terms of cash and assets.
Older adults, on the other hand, tend to think that the process is complicated and expensive, so they procrastinate until it is too late.
If you haven't written your will yet, take a minutes to answer our quiz. You will get a good idea of Whether you need a Will, no matter what stage of life you are at.
NEWS AND TIPS
Useful Information
Muslim estates are distributed according to Syariah law. If there is no surviving family member (Faraid heirs), the asset will go to Baitulmal (Islamic financial institution).
Meanwhile, non-Muslim estates are distributed according to the Distribution Act 1958.
American financial advisor said that Chinese peoples have three advantages and three disadvantages in retirement financial management. The three advantages are more savings, less debt, and close family ties. The three disadvantages are too much reliance on real estate, insufficient knowledge of insurance and taboo wills.
PETALING JAYA: Bank Negara Malaysia has resumed monetary tightening after raising the overnight policy rate (OPR) by 25 basis points (bps) to 3% following its Monetary Policy Committee (MPC) meeting today. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25% and 2.75%, respectively, BNM said in a statement today.
In recent years, thousands of Malaysians have named Amanah Raya Bhd their executor, a personal representative to carry out their last will and testament after they die.
Few may realise AMANAH Raya Bhd (ARB)'s fees could take a substantial chunk out of what they leave their rightful heirs.