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Will & Trust
Do you know?
Your Assets Will Be Frozen When You Pass On
How Long Does It Take?
For your loved ones to receive you asset when you are not around
Without Will (Intestate)
With Will (Testate)
Take up to 5 to 9 years.
Take up to 6 to 24 months.
Trust Deed
Immediate
Understanding The Process
Death
Asset Frozen
No Will
Intestate
Choose
Administrator
Value Estate
Asset & Liability
2 Sureties
2 person that has equivalent to the gross value of the estate for administration bond
Apply for Letter of Administration
Collect Asset
For debt collector to make claim on the Estate. e.g. LHDN, Banks, etc.
Advertise in Gazette
Clear Debts
All debts must be paid first
Distribute Asset
Finally the Beneficiary receives the Asset
Final Account
Administrator must prepare final accounts
5
YEARS
Without Will
Intestate
Death
Asset Frozen
With Will
Testate
Apply for Grant of Probate
Collect Asset
For debt collector to make claim on the Estate. e.g. LHDN, Banks, etc.
Advertise in Gazette
Clear Debts
All debts must be paid first
Distribute Asset
Finally the Beneficiary receives the Asset
Final Account
Administrator must prepare final accounts
6
MONTHS
With Will
Testate
Plan you family legacy with Charis Group & RHB Trustees
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