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Category Archives: Rockwills & Inheritance
Inheritance battle looms in Malaysia
Estate planning for non-Muslims and Muslims can be worlds apart. For Muslims, the Syariah inheritance laws take precedence over any civil considerations. When a Muslim dies, his estate will be subjected to divine laws already laid down in the Quran … Continue reading
The heartache of intestacy (people dying without Wills)
Not leaving a Will means leaving a heartache for a bereaving family, especially one that is unaware of the legal quicksand. Can you imagine a scenario such as this: a man died without having written a Will. All he owned … Continue reading
The probate, explained
This is interesting information on the Probate from The Times newspaper quite some time ago. Do note that the article is based on the laws of the United Kingdom and may not be totally applicable to your country of domicile. … Continue reading
Another question of shelter
An elderly parent needs to consider various issues before transferring his only house to his child. THE pursuit of material possessions is a common obsession, and people’s attitude towards ownership of property may change as they get older. Many, after … Continue reading
Posted in Rockwills & Estate planning, Rockwills & Inheritance
Tagged house, property, shelter, title, transfer
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Malaysian insurance laws under sections 166 and 167
Well, I learnt something useful today. I’m not an insurance person, so I’ve always found it very confusing when trying to deal with the types of nominations under the important sections 166 and 167 of the Malaysian Insurance Act 1996. … Continue reading
Posted in Insurance, Rockwills & Estate planning, Rockwills & Inheritance
Tagged administrator, executor, Insurance, Malaysia, Rockwills, section 166, section 167, trust, trustee, will
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A question of shelter
When a parent transfers a house to his child, it does not automatically give the former a right to stay on, on an unlimited basis. THE problem of children neglecting their elderly parents is nothing new. It was recently highlighted … Continue reading
Posted in Rockwills & Estate planning, Rockwills & Inheritance
Tagged house, property, shelter, title, transfer
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Nina Wang’s billions to go to charities
A Reuters report says that a will leaving late Hong Kong tycoon Nina Wang’s entire US$4 billion estate to her former lover and feng shui master was declared a forgery today and the money will instead go to charity.Wang, known … Continue reading
Posted in NinaWang, Rockwills & Inheritance
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All in a family
Members of a family helping in the business may inherit it when the family head dies but, without an agreement, there may be no legal rights to ownership. IT IS not uncommon in a small family business for other members … Continue reading
Estate administrator
Who has the right to administer the estate of a deceased? A PERSON making a will can direct how the inheritance is to be passed on. He may also name one or more executors and trustees to administer the estate. … Continue reading
Who has the right to administer?
The court has wide discretion in appointing an administrator for the estate of a deceased person. WHEN a person’s life comes to an end, he leaves behind – apart from many other things – assets and liabilities. Of course, an … Continue reading
Posted in Rockwills & Estate planning, Rockwills & Inheritance
Tagged administrator, estate, executor, intestate, probate, testator, will
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