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Personal Banking > Wealth Management > Wealth Distribution

Wealth Distribution

Did you know:-
	all of your asset become frozen upon demise, this includes assets held jointly
	the length of obtaining the Grant of Probate can take from 1 year up to 10 years
	a Muslim spouse is entitled to claim up to 50% due to 'Harta sepencarian' upon divorce
	a Wife is entitled to only 12.5% of her husband’s assets upon his demise
	if you do not have a son, the bulk of your assets may go to your brothers and sisters
	your ex-spouse is automatically the natural guardian of your young children

Consequences of not having a Will or Wasiat…
	assets will be frozen for a longer period
	a Wife is entitled to only 33.33% of her husband’s assets and the balance will go to the children
	the Administrator will have to find 2 sureties to act as guarantors for the Administrator
	for a non-Muslim, manner of distribution will be according to the Distribution Act 1958, this follows for even accounts in joint names
	if there are no natural parents, any person is entitled to apply as the Guardian of your young Children to the High Court

The facts above are usually not brought to our attention until it is too late, that is when we have to learn it the hard way. When faced with the question on wealth distribution, some usually avoid the question as they feel they do not have enough assets to distribute, or the manner of distribution is very simple and straightforward.

Regardless of whether you have accumulated a vast amount of property and assets or you consider yourself in possession of average wealth, everyone will require some form of trustee services to ensure protection and smooth distribution of their wealth. Trust arrangements vary across different individuals, ranging from a highly flexible financial plan or a confidential instrument that provides for specified beneficiaries during and after your lifetime.

CIMB Trustees Services with well trained personnel, provides strategies to help you protect and preserve your wealth across generation

Below is a suggestion table catered for different circumstances. This is not a fixed formula as different people require different services
	Different situations requiring more than 1 type of services	Wasiat & Professional Estate Administration	Hibah Harta Trust
1.	Simple family structure with a Son
2.	Family with young children
3.	Family with only daughters and no Son
4.	Equal distribution to Beneficiaries (Spouse and Children)
5.	Avoiding freezing of assets and probate process
6.	Family with disabled child
7.	Complicated family structure
8.	Family-owned business
9.	Preventing assets from failing into unintended parties
10.	Preventing family members as well as public from knowing the size of your wealth ans also manner of distribution