Wednesday, July 11, 2007

Malaysia National Wills Registry?

Read a report in TheStar newspaper today that the Malaysian government through its public trustee company AmanahRaya Berhad had set up a National Wills Registry, open to all Malaysians where they can make known that they have made a will, when it is written and who is a custodian of the will. There will be no charge. This is so that the inheritance process can be speeded up. All one need to do is to check with AmanahRaya Berhad whether the deceased has made a will or not. Then those left behind will know which path to take to distribute the inheritance. To the best of my knowledge, this means that if the deceased had made a will, then the executor named in the will will have to apply for a Probate, a much simpler and less costly process. If the deceased did not make a will, then the court will have to appoint an Administrator and issue him a Lettter of Administration, a more complex, longer and more costly process.

The Malaysian government made the decision to set up the National Wills Registry because they found that there is a RM1.8 billion left unclaimed in the Registra of Unclaimed Monies, and RM70 million unclaimed in the Employees Provident Fund, Tabung Haji, Permodalan Berhad and co-operatives.

On reading the report, I was very happy because I had made a will (see Environmentally Friendly Internet) and I would like that to be made known through the National Wills Registry. I tried searching for that National Wills Registry. I used the search term "amanah raya berhad national wills registry" (using google.com) and found 43 entries. None of them pointed to the National Wills Registry. I then tried "amanahraya berhad national wills registry" and found 2 results, also no National Wills Registry. The only site I found was Welcome To Amanah Raya Berhad Wills Online where you can make a will online. It is not free. The charges were listed as:


































































 TYPE
OF WILLS (including 13 Standard clauses)
 Max.
no. of clauses
 WILL-WRITING
FEE
 Basic
I
 9
 RM200.00
 Basic
Il
12 

 RM300.00
 Intermediate
I
15 
 RM400.00
 Intermediate
Il
18 
 RM500.00
 Comprehensive
I
21 
 RM600.00
 Comprehensive
Il
24 
 RM700.00
 Comprehensive
Ill
27 
 RM800.00
 Exclusive
I
30 
 RM900.00
 Exclusive
Il
Above
31  
 RM1000.00


Further, the will you made online will not become valid until the charges have been paid and the will vetted by a lawyer. It was not something I need. I wanted the National Wills Registry which was nowhere to be found. I have sent an email asking for help/information. If I do get a response, I will update this post.

3 comments:

  1. KINDLY EMAIL ME THE TELEPHONE OR EMAIL ONLINE WHEREBY I CAN POST MY WILL FOR NATIONAL WILLS REGISTRY

    ReplyDelete
  2. pls update me how i can register my will foc.thanks

    ReplyDelete
  3. I am afraid I did not get a response to my email to Amanah Raya Bhd. Perhaps I will try again later.

    ReplyDelete