Most Malaysian put off writing a Will. It feels morbid and the ring of death is just around the corner. Writing a Will, like most good things in life, like exercise, don’t feel good BUT is actually good for you. It is good for the family and society as a whole. Huh? Yep, even society.
People who don’t write a will are either don’t know the benefits, don’t like to face the facts of life or procrastinate. Some might actually be selfish. Think about it for a moment. When a person dies without writing a Will, the problems include: -
- it cost your spouse more money to distribute your assets i.e. some lawyer out there will make more money from you spouse.
- your children might be taken care off by someone that is not your choice (court decides and they might not love your children). There are plenty of cases where families have been broken u
- it can take 2x longer for your family to get to your money
- someone that you don’t like, might get a chunk of your assets
- your assets could be mis-handled and less go to your family
We will look into each of these items in the next few article about writing a will
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