At the end of the day, all  wealth accumulated during our lifetime has to be distributed to our loved ones or other intended parties.  Estate Planning is a very important Wealth Distribution strategy that involves Planning before “departure” to minimise problems to our loved ones.  


Will Writing is a legally binding document to express the intention of the deceased person about how he/she wishes to divide and distribute his/her wealth upon death.  One of the major benefits is to be able to distribute one’s wealth according to OWN WISHES rather than follow the Distribution Act otherwise.  A Testator may appoint his/her Executors, Guardians, Trustees, Beneficiaries and even his Witness.

A Will takes effect only upon death and is sometimes referred to as a testamentary trust.  An administrator or executor, either an individual or corporation must be appointed.  Two (2) witnesses are required to validate the Will but both the witnesses should be independent and have no beneficial interest in the Will.

  While the law recognises a personal draft of a Will, it would be advisable to seek the services of an estate planner or advisor or a trust corporation.  Would you seek medical treatment from an untrained practitioner?

Email us should you require further information about Will Writing at  contact@wingsalliance.com.my  or  CONTACT  US


Trust Deed is a legally binding document that allow the Settlor to Instruct the Trustee to carry out certain duty or hold assets on behalf for the benefits of Beneficiaries.  There are two types of Trust, i.e. Living Trust and Testamentary Trust.  Both have their advantages and disadvantages which require a lengthy discussion.

A Trust is an arrangement in writing in which the estate is managed by an individual or entity for the benefit of an individual or a group of individuals, eg. a charitable organisation.  A Trust may be created by a settlor or donor, for the beneficiaries, and executed while the settlor is still alive or upon death.

The Trust Deed governs the terms of the Trust while the Trustee is obligated to act according to the Trust Deed under the Malaysian Trustee Act.

It is important to review the Will or Trust regularly to ensure they continue to meet the objectives and intentions of the testator or settlor and to keep the records of estates current.  In addition, there may be changes in beneficiaries or distribution of the shares of the estate.

Email us should you require further information at  contact@wingsalliance.com.my  or  CONTACT  US


Nomination of Life Insurance and Nomination of EPF (Employee Provident Fund) are very important Wealth Distribution vehicles. Trying to understand the law behind would definitely give you a better picture on how to distribute the above assets.  In Life Insurance, a Statutory Trust is created once you nominate your Parent (while single), or Spouse & Children (while married), this would allow your nominees receive the Insurance Proceed without having the duty to re-distributed out, as well as a Creditor Proof asset.  Nomination of EPF money would have similar kind of advantages as well.


This is quite unique for Life Insurance industry.  While you can’t nominate a Non-Trust beneficiary to receive your insurance proceed, you may opt for Assignment.  There are two types of Assignments, i.e. Absolute Assignment (AA) & Conditional Assignment (CA).  Both have different purposes and pros & cons.  AA is like a transfer of OWNERSHIP that will take effect immediately upon approval.  While CA will only take effect upon DEATH, and changes are allowed before death.