Malaysian Institute of Estate Planners (MIEP) sponsored by UNEEDWILL, collaborated with Employees Provident Fund (EPF), Pertubuhan Keselamatan Sosial (PERKESO), Jabatan Ketua Pengarah Tanah dan Galian (JKPTG), and AmanahRaya launch the first ever Malaysia Wills Week 2022, starting 1 September until 9 September 2022.
Malaysia Wills Week 2022
Malaysia Wills Weeks 2022 is planned to be a yearly event, starting this year focusing on the importance of wills and wealth planning. With the theme: “If you were to leave the world today, what would you prepare for your family?”
This movement needs to be highlighted due to the reason that according to statistics, approximately only 28% of Malaysian workers have their wills documented pre-death. This has led to over RM19 billion assets remain unclaimed; frozen and can’t be processed. Plus, the Covid-19 pandemic has also become the catalyst urging this movement to be done, since more people realise that death can happen any time.
Mr. Gary Lee Tuck Wee, The Chairperson of MIEP at the launching said:
People do think that wills are prepared for those who are old, sick, rich, with a lot of assets. So, people like me who are not so old, not so rich, don’t have much assets, no need to do wills, or I can do it later, or I just leave it totally. For me this mindset is not right and this bad decision will affect my family.
Mr. Gary Lee Tuck Wee, The Chairperson of MIEP
Activities During Malaysia Wills Week 2022
There are going to be 30 sessions of talks concerning the wills topic from 1 September until 9 September. It is organised by the MIEP, along with EPF, PERKESO, JKPTG, and AmanahRaya, held via Zoom Meeting & Facebook Live. The category includes preparation that needs to be done pre-death, and post-death.
The list of speakers & topics are as follow:
| Date | Time | Topic | Speaker(s) | Language |
| 1/9 | 8pm – 10pm | Will only distribute assets? Is that true? | Mr Gary Lee, Ms Xiu Hui Mr Fedric Foo, Ms Jovelle | Mandarin English |
| 2/9 | 10am – 11am | What is Valid Will? | Mr Jeremiah from RDJ Law | English |
| 11am – 12 noon | EPF Nominations? | TBC from KWSP | English/Malay | |
| 8pm – 9pm | Can I draft my own Will? Can I use DIY Will? | Mr Gary Lee, Ms Xiu Hui Mr Fedric Foo, Mr Qing Yen | Mandarin English | |
| 9pm – 10pm | Debt & Insurance | Ms Wee Gaik Hong, Ms Sik Jia Wen Mr Shaun Ung, Ms Jean Giam | Mandarin English | |
| 3/9 | 10am – 11am | Legal process for distribution of estate’s asset? | Ms Liz Yap from Liz Yap & Associates | English |
| 11am – 12 noon | Small Estate Distribution? | TBC by JKPTG | Malay | |
| 8pm – 10pm | Problems when you do not have Will. Is the Distribution Act can protect all your family members? | Mr Gary Lee, Ms Xiu Hui Mr Fedric Foo, Ms Charmaine | Mandarin English | |
| 4/9 | 10am – 11am | Understanding the importance and use of SOCSO? | TBC by Socso | Malay/English |
| 11am – 12 noon | Introduction to the estate planning industry | Mr Gary Lee | English | |
| 8pm – 10pm | What is Trust? Living Trust or Testamentary Trust? | Mr Gary Lee, Ms Xiu Hui Mr Fedric Foo, Ms Jovelle | Mandarin English | |
| 8pm – 10pm | How to plan and fund your Testamentary / Family Trust? | Mr Wong Kean Yung Mr Harris Kueh, Ms Jean Chiam | Mandarin English | |
| 5/9 | 10am – 11am | The Different between Public Trust and Private Trust | Andrew Ang of AAE International Trust | English |
| 11am – 12 noon | What is the role of a trust company in estate planning? | TBC by Amanah Raya | English | |
| 8pm – 10pm | What is the legal process of distribution and management of an estate’s asset? | Mr Gary Lee, Ms Xiu Hui Mr Daniel Cheong, Ms Liz Yap | Mandarin English | |
| 6/9 | 10am – 11am | Understanding the importance and use of SOCSO? | TBC by Socso | Malay/English |
| 11am – 12 noon | The Untold Misconception of Life Insurance & EPF Nomination in Estate Planning | Mr Lee Khee Chuan | English | |
| 8pm – 9pm | Writing a Practical Will? | Mr Fedric Foo, Ms Xiu Hui | English | |
| 9pm – 10pm | Will vs Trust | Kevin Wu | English | |
| 7/9 | 10am – 11am | Will vs Trust | Mr Kevin Wu from Kevin Wu & Associates | English |
| 11am – 12 noon | Amanah Raya, your public trustee company | Amanah Raya | English | |
| 8pm – 9pm | Does a deceased person still need to pay tax? | Mr Fedric Foo, Ms Xiu Hui (legal) TBC (tax) | English | |
| 9pm – 10pm | Tax Planning? | Mr Justin Chua Ms Lau Chin Chin | Mandarin English | |
| 8/9 | 10am – 11am | Writing a Practical Will | Mr. Lee Khee Chuan | English |
| 11 am – 12 noon | Introduction and application of Unit Trust as an instrument of Estate Planning. | Encik Rodzman Rahim | English | |
| 8pm – 10pm | Your family need your comfort and support when you leave them and leave the world | Ms Pauline, Ms Xiu Hui & Gary Lee | Mandarin | |
| 8pm – 10pm | What are roles in a Will? What is the importance of each role? | Mr Fedric Foo, Ms Charmaine, Ms Jovelle | English | |
| 9/9 | 10am – 11am | Introduction to the Islamic estate planning | Encik Mohamad Redzuan Idrus, Cik Rabiatul | Malay |
| 11am – 12 noon | Ownership transfer of Vehicle | TPC by JPJ | Malay | |
| 8pm – 10pm | What does the estate planner do? | Ms Angie Ng Yoke Hwa, Mr Casey, Mr Kenny Mr Gary Lee, Ms Wee Gaik Hong | Mandarin English |
The sharings will be held in multilingual; Malay, English, & Mandarin, which proves MIEP’s effort in practising inclusivity.
To register the slots, you can check out at MIEP Official Website and Facebook.
Future Planning
Malaysia Wills Week 2022 is a great initiative taken by MIEP, together with organisations mentioned above, in educating the public on the importance of wills.
Mr. See Kok Loong, President of MIEP in his speech stated that in the upcoming Malaysia Wills Week, they’re planning to focus more on Islamic Estate Planning namely hibah, faraid, and wasiat. It is to give better exposure on this topic specifically for Muslims as this country has a majority population of Muslims citizens.
To know more about Malaysia Wills Week 2022, kindly visit MIEP Official Website and Facebook.
