48 SMART: Maybank2u Online Will Writing
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Tuesday, 8 April 2014

Maybank2u Online Will Writing

A Will is deed of disposition of property directing the Executor/Administrator to fully carry out the Testator’s (will writer) wishes after his/her death. It also includes strategies for estate planning and management. Will writing is an essential part of financial planning to ensure that your loved ones receive the wealth you have accumulated directly and without delay.

Online Will Writing

Maybank recently launched a new service called Online Will Writing to enable you to easily draw up an official Will without the hassle of engaging a Will writer. With this service, you are now able to make provisions for your loved ones with just a click of a button, anytime and anywhere. The service offers both conventional and Islamic Will Writing (Wasiat), allows testators to appoint the executor of their choice to manage and distribute their assets.

Muslim testators will have an option to distribute their assets according to the Islamic Inheritance Law (Faraid) or based on beneficiaries defined by the customer where they can distribute up to one-third of their assets to beneficiaries not covered under Faraid.

The service is designed to provide easy navigation and data input for customers, where the whole process of drawing up a Will takes only a few minutes. You only need to fill in an online questionnaire before making secure online payment. Once payment has been made, you shall receive the Will within 5 working days.

The cost of writing a will via Maybank2u is RM 298. The service is available for Malaysian citizen, 18 years and above (for Peninsular Malaysia and Sarawak) and 21 years and above (for Sabah). It is faster than the conventional way. Online Will Writing saves you a whole lot of time since you can prepare and finalize your Will in just a few minutes with a few clicks, without having to go to any Maybank branch.

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