The inefficiencies of probate process can be overcome by creating a trust for you and your loved ones. A trust is a legal arrangement in which you place assets in trust for the benefit of one or more beneficiaries. To name a few beneficiaries who can benefit from the trust includes you, family members and charitable organisation. A trust can be in a flexible manner which can be catered to different circumstances. Creating a trust allows you to protect your loved ones and assets, provide for unfavourable and unexpected occurrences, and distribute assets in a timely and confidential manner. CIMB Trustee Services offers various types of private trust services, ranging from simple asset holding structure to complicated legacy structures.
Everyone should have a will. A will is the only way you can tell others how you want your assets to be distributed after your death. It is the only way you can provide for people who may depend on you financially such as your children.
Even if you own only a few assets or you have one beneficiary, it's still worth making a will as you can ensure that the assets are distributed in a speedy and orderly manner without the administrative headache.
Peace of Mind begins with just One Click
CIMB Bank and CIMB Islamic, together with CIMB Trustee Berhad, are proud to present the first ever service that allows you to write your Will. With Wills Online, you are now able to make provisions for your loved ones with just a click of a button in the comfort of your own home. You are able to secure your distribution plans because you are writing your Will. This is done by keying in the requisite details in the interactive online platform. As soon as payment is made online, you are able to print out your Will immediately.
You must be at least 18 years of age (for Peninsular Malaysia and Sarawak) or 21 years of age (for Sabah) to be able to write a Will.
This service is opened to anyone who has an account with CIMB Bank Berhad or CIMB Islamic Bank Berhad and who has signed up for its online facility, i.e. CIMB Clicks.
This service is also available to non-Malaysians and/or Malaysians living abroad as long as they have an account with CIMB Bank Berhad or CIMB Islamic Bank Berhad and have also subscribed to its online banking facility i.e. CIMB Clicks.
However, if the testator has included his assets outside Malaysia in the online platform, CIMB Trustee Berhad reserves the right not to act as the executor.
Benefits of Wills Online:
Provides user-friendly Will Writing platform without the need to engage third party Will / Wasiat writers.
Enables immediate and convenient access through internet login, 24 hours a day, 7 days a week.
Allows all classes of assets to be distributed to an unlimited number of beneficiaries.
Allows printing of Will immediately after online payment.
Estate administration is the course of action taken by an administrator or executor from the point of obtaining a Letter of Administration or Grant of Probate until the distribution of assets. The work by an administrator or executor includes appointment of lawyer, collecting assets from various financial institutions, payments to creditors etc. In the case of a Muslim, a Faraid Certificate is required from the Syariah Court.