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In the event of unforeseen death is the participant able to hand over his Malaysian assets to any of his beneficiaries smoothly. Does the Government have any restriction on this matter?

April 26, 2017able assets beneficiaries death event hand Malaysian participant smoothly unforeseen

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In the event of unforeseen death is the participant able to hand over his Malaysian assets to any of his beneficiaries smoothly. Does the Government have any restriction on this matter?

2 Answers

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Yes, provided he/she has a Will which indicated clearly to whom the properties are to be given. 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.

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A Yes, provided he/she has a Will which indicates clearly to whom the properties are to be given. Otherwise, the next-of-kin of the participant will have to apply to the Malaysia Government to have the properties released to them as the rightful heirs.