According to Section 2(1) of the Wills Act 1959 defines Will as the intention and declaration made by a testator that he or she desires to distribute his or her property. An individual is to be advised to do last will and testament so that his estates can be distributed in accordance to the wishes…
1. First Time Home Buyer Exemption Order Type of Instrument that can be Waived from Stamp Duty P.U. (A) 53 Memorandum of Transfer P.U. (A) 54 Facility Agreement • Applicable to First Time Buyer (the individual does not possess any property under his/her name, whether by inheritance or any other methods). • Purchaser is a…
Preliminary Questions My family member (deceased) has passed away, how do I administer or deal with the assets left behind? If the deceased passed away leaving a will, the executor(s) named in the will would need to apply for Grant of Probate from the High Court of Malaya. If the deceased passed away without a…
When deciding whether to initiate a Court action, it is common for people to be concerned what if they lose their case, what if the Court’s decision is not in their favour etc. FEAR NOT as your right will not end there as we are all conferredwith the right of appeal so long your case…
Harta apa yang boleh difaraidkan? J: Harta yang didaftarkan di bawah nama Si Mati seperti: a) Harta Tak Alih: tanah dan rumah. b) Harta Alih: wang simpanan bank, saham, KWSP, Tabung Haji, iInsurans, barang kemas dan lain-lain. Selepas saya meninggal dunia, siapa yang boleh memohon Perintah Faraid ke atas harta pusaka saya? J: Mana-mana ahli…
Apakah Hibah? J: Hibah adalah pemberian harta secara kasih sayang kepada sesiapa yang dikehendaki ketika Penghibah masih hidup dan tanpa balasan. Adakah saya perlu mendapatkan persetujuan ahli waris yang lain sebelum saya menghibahkan harta saya? J: Tidak perlu kerana ia adalah hak Penghibah sepenuhnya untuk menentukan kadar hibah dan kepada siapa harta tersebut dihibahkan. Siapa…
Apakah wasiat? J: Wasiat adalah pemberian oleh pewasiat kepada penerima wasiat sama ada dalam bentuk benda, hutang atau manfaat untuk dimilik dan pemberian tersebut dilaksanakan selepas pewasiat meninggal dunia. Apakah perbezaan wasiat dan hibah? J: Wasiat dilaksanakan selepas pewasiat meninggal duni, hibah dilaksanakan semasa pemberi hibah masih hidup. Berapakah had harta saya yang boleh diwasiatkan?…
Being bound by a ‘bankrupt’ status is oftentimes burdensome because bankrupts would be restricted from carrying out what a normal person could do such as travelling overseas (unless with a written permission from the Director General of Insolvency [‘DGI’] or an Order from the Court), taking on loan with the financial institution and working in…
One of the highlights of the Budget 2022, proposed by Tengku Datuk Seri Zafrul Abdul Aziz, our Minister of Finance, is that the disposal of real property by individual citizens and permanent residents (Part I as below) starting from the Sixth (6) years and above will be removed. Section 30 of the Finance Bill 2021…
Purchase of Properties in Malaysia by Foreigners With the blooming of the real property market in Malaysia, it is an ideal time for foreign investors to invest in the country. It is often said that Malaysia is still amongst the countries in Asia which has the most affordable property prices. Apart from that, with the…
