WILL

What is WILL?

• A person's idea to keep his assets

• A person's intention to distribute his assets

• A person's way to manage his assets

• A person's thought to use his assets

Which is one of the advantage of having a WILL?

• To create more family disputes

• Slow down the distribution process

• Increase costs of administering your asset

• Choose your beneficiaries

What if I die without WILL?

• No need to pay debts

• Will distribute according to the Distribution Act 1958

• All assets freeze forever

• My family can take my assets as they wish

Who will generally get more in accordance to Distribution Act 1958?

• Spouse

• Parent(s)

• Children

• Siblings

What makes a WILL NOT valid?

• write a WILL at 17 years old

• In writing

• Witnessed by 2 witnesses

• write a WILL at sound mind

Can my beneficiary witness my WILL?

• Yes

• No

Does marriage or remarriage revoked my WILL?

• No

• Yes

Does divorce affect the validity of a WILL?

• No

• Yes

Below are consider as important and urgent needs, except…

• Daily expenses

• Educational fees

• Medical expenses

• Extra cash

What is the better way to distribute important and urgent needs?

• WILL

• Insurance

• Set up a trust

• Through lawyer