Thank you for your support all these years. As a responsible advisor, it is my duty to inform you that there has been some changes to the Distribution Act.
If a person pass away without a Will leaving assets of value RM50,000.00 and above, the person's family must find two persons who have the same amount of money to stand as guarantor before the deceased assets can be transferred to his family.
RM50,000.00 is such a small amount that most people's assets are more than that. Even a new Perodua Myvi already worth RM56,000.00! Therefore this new Act will affect most people.
The question is who wants to be our guarantors? Even ourselves are not willing to be a guarantor for our own family members. In order to bypass this law, you need to engage a lawyer to apply for exemption of this guarantors requirement, which means additional expenses and time taken.
To save all this problems, it is best if we write our Will. If you have not written your Will, I wish to offer my service to write a Will for you. You can choose from which type of Will you want. 'To know it Will' or 'To get it Will'.
'To know it Will' is a basic Will where your family only know what they will be getting but in order to get the assets, they need to engage a lawyer and go thru the whole process and also to pay for all the execution expenses before the assets can be transferred to them.
Whereas for 'To get it Will', they do not have to engage a lawyer or do anything and even to pay a single cent as all these are prepared beforehand. They just wait to get the assets transferred to them.
To explain it in more details, it is best if I could meet you in person with no obligation that you must write your Will with me.
Thank you and have a nice day.