Our partner, Puan Sarah Kambali, was invited to give a talk on the topic of Estate & Retirement Planning in Malaysia. The talk was held online on 11 August 2020 and was organised by Puan Nur Lalua from the Management and Science University of Malaysia (MSU).
Puan Sarah Kambali shared knowledge on estate planning in Malaysia in connection with conventional and Syariah perspectives. She touched on the two main elements, which were – Wills and Wasiat. In her talk, Puan Sarah stressed that the preparation of a Will or Wasiat is vital to each individual. The effect of not having a Will or Wasiat may cause hardship on the existing and surviving heirs.
Puan Sarah made reference to an article from UKM, which highlighted the position of inheritance of a Non-Muslim heir from a Muslim. In this article, in situations of intestacy, a Non-Muslim and a Muslim could inherit from each other. Hence, the importance of having a Will or a Wasiat is to ensure that the wishes of the testator in terms of bequeathing of assets are carried out accordingly.
Note: This article does not constitute legal advice to any specific case. The facts and circumstances of each and every case will differ and therefore will require specific legal advice. Feel free to contact us for complimentary legal consultation.