Updated September 26, 2025 by Samantha

A will states how your assets are distributed after death, but it goes through probate and you can only have one. A trust lets you set aside assets for loved ones, works during your lifetime, and avoids the long probate process. Without a will, assets follow the Distribution Act, often delaying and complicating matters for your family.

Without a Will, Who Gets Your Assets? The Truth Malaysians Must Know

Do you know that we can have only 1 will but many trust ? 

Will writing is a legal documents that stated all assets under your personal name , so when we passed on this legal documents will stated who and what you want to give to your loved ones. Writing a will is so important because will expedite probate process , avoid conflict within family versus those without a will , where will give a tedious process for family to allocate the assets , which take longer time and need more expenses to go through this process and distribution act. We only can have one will and if you write a new will it will superceed the previous one Because of the tedious process of not writing will , your family will take longer time to unfroze the assets . Therefore, your loved ones not able to have smooth process to transfer and change it under their name and fully own property n sell it. 

For example, most Malaysian husband and wife will buy property together and the same borrower in bank loan But how if spouse passed away without will ? 

The spouse will need to apply letter of administration with incur more money & time . Just bear in mind, deceased asset frozen including bank account . And once Letter of Administration process complete , it doesn’t mean spouse is the sole beneficiary of property because without writing will you need to follow distribution act . So your property suppose belong to both husband & wife , and now need to distribute to part of your siblings. Actually the process of writing will is very simple , the main components consists of few part with write down all your assets , appoint executor , beneficiary or guardian if you have children below 18 yrs old . And many people don’t aware before the asset distribution to the beneficiary stated in will or without a will , its need to payoff deceased debts . Balance only will distribute to beneficiary .How much left over to the family ? ( income tax , credit card , personal loan )

Whether you want to safeguard your family, expand your wealth, or explore new career paths, FTA is here to guide you every step of the way.

FTA Wealth Solutions is a one-stop financial consultancy in Malaysia, offering holistic services from financial planning and nomination to will writing. As an approved HRDF Corp (Human Resource Development Fund) training provider, we also deliver structured financial literacy and professional development programmes. With over 20 years of industry experience and partnerships with leading providers, we help Malaysians protect, grow, and secure their wealth with clarity and confidence.

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