Sigma Wealth

Will-Writing Service

Yes, you can. You can also build your own house, but that doesn't mean you should.

A Will is an important legal document that contains your instructions and wishes for distributing your property and assets after you die. This document contains the names of the people you want to benefit, your beneficiaries, as well as details about your home, land, vehicles, bank accounts, investments, jewelry, artwork, and other possessions. Your Will also allows you to choose a personal guardian to care for your children if you should die when they are still minors. Your Will should be written carefully, correctly and in compliance with the laws of your country to be sure your beneficiaries will be taken care of when you are gone.In order for your Will to be valid, and accepted by the court, it must, with some exceptions, be in writing, signed with your signature, and witnessed by at least two witnesses who are neither relatives nor beneficiaries. Otherwise, the court may not accept your Will, and it may be unenforceable. If your Will is found invalid, the court may distribute your assets as if there were no Will, and the court will determine who will care for your children.

If you have a very simple estate, and own no real property or valuable personal property, have only one or two small bank accounts, and have no minor children, you can probably write your own Will, with the assistance of a reputable book, software package or online service.

If, however, you own your own home or homes, have some investments, and especially if you have minor children, the safest way to make your Will is to consult with an estate attorney who knows the laws in your state, will ask you all the right questions, and will cover all the bases to form a valid, legal document ensuring your assets will go to whom you want them to go. Even if you use one of the books, software packages or online services for a simple Will, it is highly recommended that you have an estate attorney take a look at it to make sure it is made in accordance with the laws of your state.

1.What if I die without making a Will? If you die without making a Will you are said to have died Intestate. Dying intestate leaves your loved ones with far more work to do at a time when they will be bereaved, and it is highly likely that your Estate your possessions will not go to who you want them to. For example, if you are living with but not married to your partner, they will receive nothing if you die intestate.

2. Can't I just write my own Will myself without any help? Yes, you can. But there are significant risks in writing your Will without any assistance of any form - and remember that you will not be around to sort out anyproblems that occur. It could mean substantial legal fees to put things right -quite apart from the upset and confusion it could cause those you leave behind – or it could be even worse:- (a) A Will that is not clear under the law is open to challenge and your wishes may be overruled. (b) A Will not made under the correct procedures could be declared invalid. Using our service – with proven legal precedence, your Will being checked by a Professionally qualified Willwriter, and clear Instructions for signing and witnessing the Will – ensures that your loved ones are not left with the above problems.

3. Under what circumstances can I NOT make a Will? You can make a Will if you are 18 or over and if you have the mental capacity to make a Will.Put another way, you cannot make a Will if any of the following apply:- ::If you are under 18 ::If you do not understand what making a Will actually means ::If you do not understand (at least roughly) the extent of your Estate (i.e. what you own)

4.What if I want to leave people out of my Will? If you're deliberately leaving somebody out of your Will, you may write it in your will the reason for doing so. You do need to be aware, though, that legally you have to provide for all people who are financially dependent on you such as spouse, children who are below 21 years old and unmarried daughters. If you don't then the Will can be challenged and will probably end up being changed.

5.Will I have to pay Inheritance Tax? No. In Malaysia no Inheritance Tax.

6. How long will my Will be valid for? A Will made using our service will remain valid until it is 'revoked' (cancelled). This can happen in one of the following ways :- ::If you marry (by law, marriage automatically revokes a Will) – in this case all you'll need to do is re-print the Will (using your new name if it has changed) and re-sign/witness it as before. ::If you marry (by law, marriage automatically revokes a Will) – in this case all you'll need to do is re-print the Will (using your new name if it has changed) and re-sign/witness it as before. ::If you make another Will (or re-write your Will) – your new Will contain a clause revoking all previous Wills. :: If you intentionally destroy the Will. Note that if your Will has not been revoked but it cannot be found then you will still be deemed to have died without a Will (i.e. 'intestate').

7.What if somebody I leave something to in my Will dies before me? If a beneficiary of your Will dies before you then :- ::If you've left them a 'gift/legacy' and not named a substitute beneficiary for that gift/legacy, then it automatically 'falls into' your 'Residuary Estate' . ::If they stand to receive all of your 'Residuary Estate' and you have not specified a substitute or substitutes to inherit then your 'Residuary Estate' is distributed according to the Distribution Act 1958 (amended 1997).

8.Can an Executor of my Will be a Beneficiary? dies before me? Yes. One of the advantages of a Will is that it allows you to legally appoint somebody to look after your children should you die before they reach the age of 18.

9.Can I appoint Guardians for my children in my Will? Yes. An Executor can be a beneficiary and a beneficiary can be an Executor. It actually makes sense to appoint the major beneficiary (provided he/she/they is/are over 18) of your Will as the Executor(s), because an Executor with the added interest of being a beneficiary is going to work a lot more efficiently.

10.How do I ensure that my children are provided for financially? If you leave a gift/legacy, or all or part of your Residuary Estate, to anybody under 18 (or an older age if you specify) in our Wills then clauses in the Will automatically set the following up :- ::The inheritance goes into Trust, managed by your Executors ::The Executors have the power to use any part or all of the inheritance (as and when they see fit) for the 'Education, Maintenance and Benefit' of the 'under-age' beneficiary. ::Rather than actually having to spend money themselves on 'Education,Maintenance and Benefit', they can simply give it to whoever is the parent or Guardian of the 'under-age' beneficiary – who can, of course, be a Guardian appointed by you in the Will. ::They can invest any inheritance not spent straight away however they see fit. ::What's left when the 'under-age' beneficiary is old enough to inherit is then given to them by the Executor as if they were a normal beneficiary of the Will.In plain English, you don't have to worry about writing complicated clauses about 'holding money in trust' :- it's already set up for you in the Will.