What is the product about?

A Will is deed of disposition of property directing the Executor/Administrator to fully carry out the testator's wishes after his/her death. It also includes strategies for estate planning and management. Under this product MAAB is appointed as the Executor/Administrator to carry out the Customer/Testator's wishes for an agreed fee.

What is meant "Wasiat Terakhir"?

The Will you receive when duly signed and witnessed will automatically revoke any previous Will that you have written and will be considered as your last Will unless revoked by a subsequent Will.

What are the Shariah Concepts applicable?

Wakalah concept means delegating of a responsibility that the person have (muwakkil) to another party (wakil) with specific pronouncement so that the representative perform all the responsibility accordingly.

Why do we need Will Writing?

A Testator making a Will is actually performing a noble task of conveying his wishes regarding the disposition the wealth accumulated by him during his lifetime. A well planned property distribution vide a Will would ensure the properties are distributed to the loved ones for their benefit.

What are the benefits of making Will Writing?

• Appointing an Executor/Administrator vide a Will helps ease the administration of your estate upon your death.

• You make known your wishes as to how your estate should be distributed for the benefit of charity and your loved ones.

• You safeguard the future of your loved ones by formulating scheme of distribution of your choice.

• The appointment of a trustworthy Executor/Administrator vide your Will helps guarantee the welfare of your children (minor) when you are no longer around.

• Makes things easier for your heirs.

What happens if you don’t have Will Writing?

No Will

• Beneficiary(s) to appoint an Administrator.

• Beneficiary(s) to seek and compile the deceased’s asset information and documentation.

• Beneficiary(s) to carry out self-investigation on deceased’s assets / debts with third parties.

• Beneficiary(s) to appoint a lawyer to obtain LA from ARB / Order from Land Officer / LA from High Court.

• Administrator to realise deceased’s assets and settle debts.

• Administrator to distribute assets according to Faraid (for Muslim) or Distribution Act 1958 (for non-Muslim).

Fee and Charges of MAAB Will Writing registration (inclusive of 8% SST)

RM 540.00* for Muslim and Non-Muslim customer.