What will happen when there is NO WILL? The LAW takes over and YOUR RIGHTS to distribute the assets will be LOST! If you passed on without a VALID WILL..... .....These will happen.............. 1. Your Family: a) Your spouse and children will face cash flow problem because all your bank accounts (inclusive of joint accounts) will be frozen. b) Your children's welfare may not be taken care of by right people. 2. The Legal Process: a) Delay in distribution due to administration process (average 2-10 years) b) Two (2) guarantors/sureties required (gross estate at least equivalent or more than the deceased's estate. 3. Your Assets Distribution (as per Distribution Act 1958, amended in 1997) a) The Law will decide on the distribution. b) Assets such as: House (s) / Business (es) / Bank Account (s) / Car (s) / Shares etc. Call Jimmy (Rockwills Estate Planner) @ 014-3825189 Today for FREE CONSULTATION!
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05 Feb 2015posted on
KuantanPahang
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