Let’s say, you bought a home with your wife and you live in it with your parents, wife and two young children aged 2 and 5.
So, the question is: “Will your wife inherit your stake in the house automatically in full upon your death?”.
If today, you own a property and you assume that such “Transfer of Ownership” can be done immediately and automatically, think again. Without a written will, it could take a much longer time to transfer your “stake” in the property to your legal beneficiaries, including your parents and minor children. The cost and also the time needed to process this will also depend on the home value.
The more it is valued, the higher its “processing cost”.
Thus in our 1-Hour Live Webinar Session, Ms. Sim Wen Yee, the Founder of Messrs Sim & Rahman, to expound what we should know about estate distribution when it comes to our properties. We would cover:
– The consequence to your real estate without proper estate planning.
– The fundamentals of writing a will
– Why should all property owners write a will?
– The process of expediting a will document upon death.
– Where to write a will and how much does it cost?
– What if I’m a foreign buyer of properties in Malaysia?
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