The Importance of Having a Will in Malaysia
In Malaysia, writing a will is an essential step in ensuring that an individual’s assets and estate are distributed according to their wishes after their death. Unfortunately, many Malaysians still underestimate the importance of estate planning, often leading to unintended consequences for their families. The importance of drafting a will is highlighted by the consequences of dying intestate—without a will—where the estate is distributed according to statutory rules that may not align with the deceased’s intentions. This article will discuss the key reasons for drafting a will in Malaysia, supported by references from the Malaysian Bar Council.