Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

In the event of unforeseen death can the participants Malaysian assets be handed over smoothly to any of his beneficiaries. Does the Government have any restriction on this matter?

April 26, 2017assets beneficiaries death event government handed Malaysian participants smoothly unforeseen

0

0 Posted

In the event of unforeseen death can the participants Malaysian assets be handed over smoothly to any of his beneficiaries. Does the Government have any restriction on this matter?

1 Answer

0

0 Posted

Yes, provided he/she has a Will which indicates clearly to whom the properties are to be given to. If not the next of kin of the participant will have to apply to the Government to have his properties released to them as the rightful heirs.