Home
IRONWILLS
Why Set Up A Trust PDF Print E-mail
  • Assets distribution is custom made to your written instructions
  • Confidentiality
  • Immediate usage of assets and funds (No Grant of Probate required)
  • Funds is not frozen upon death
  • Choice of beneficiaries to any persons or organizations even to himself
  • Creditor Proof (for irrevocable trust, after 5 years of Trust establishment is protected against creditor during bankruptcy
  • Muslims can distribute outside Syariah distribution (for irrevocable trust)
 
Different Process Between Testacy and Intestacy PDF Print E-mail

Testacy (With a Valid Will)

  • Executor apply for Grant of Probate in High Court
  • Executor obtained Grant of Probate within 1 year from High Court 
  • Executor distributes assets according to Will

Intestacy (Without a Valid Will) 

  • Assets frozen upon demised
  • All family members consent to appoint the same Administrator(s)
  • (Section 30, Probate and Administration Act 1959, any person ‘interested in the estate of the deceased person or in the proceeds of sale thereof’ is entitled to be the administrator – It means even your creditor can applies to be your administrator! What a disaster! 
Read more...
 
<< Start < Prev 1 2 3 Next > End >>

Page 3 of 3

Join us on Facebook

Newsletters

Who's Online?

We have 19 guests online