|
Distributing a Deceased's Property
What is a Will ?
A Will is a instrument to states the manner his property is to be distributed when he dies.
What is the benefits of Writing Will ?
With a Will, you can ensure that your hard-earned assets go to the people you want to benefit in the manner that you wish.
Without a Will, the Law will decide on who shall inherit your assets.
Without a Will, how is my property distributed?
Without a Will, the Law will decide on who shall inherit your assets as follows:-
| Surviving Parties |
Manner of Distribution |
| Spouse only |
Spouse entitle to whole of the deceased's property |
| Parents only |
Parents entitle to whole of the deceased's property |
| Issues only |
Issues entitle to whole of the deceased's property |
| Spouse and Parents only |
Spouse (1/2 share) & Parents (1/2 share) |
| Spouse and Issues only |
Spouse (1/3 share) & Issues (2/3 share) |
| Parents and Issues only |
Parents (1/3 share) & Issues (2/3 share) |
| All Spouse, Parents & Issues |
Spouse (1/4 share), Parents (1/4 share), Issues (1/2) |
Note: Issues refer to children and grandchilren.
How can my family members or beneficiaries inherit my property after I die?
If a person die with a Will, a grant of probate is needed to distribute the property.
If a person die without a Will, a letter of adminsitration (LA) or a distribution order is needed to distribute the property.
For further information Please obtain legal advice or contact our panel lawyer.
Disclaimer:
MyLawyer.com.my has made every effort to ensure the accuracy and correctness of the contents, information or data contained in this section. Mylawyer.com.my does not represent or warrant the truth, accuracy, completeness and correctness of the same. The information herein have been obtained or derived from sources believed by Mylawyer.com.my to be reliable. Mylawyer.com.my accepts no liability for loss or damage suffered or incurred by you or your estate as a result of you relying on any advice given or any wrongful advice provided by Mylawyer.com.my or howsoever arising from the use of the information or material presented herein.
If you know that the information in your country differs from that given above, and if you can supply good references to prove it, then please Contact Us.
This page is intended for educational purposes only and should not be used to inform personal decisions. If you are in any doubt about the age of consent law in your region, please contact your lawyer or you may seek expert legal advice from our panel lawyer here.
|
