A Letter of Intent Will serves as a preliminary step in the estate planning process within the Malaysian legal framework. This document is typically used when an individual wants to formally express their current testamentary intentions but isn't yet ready to execute a final will, perhaps due to ongoing changes in circumstances or the need for further legal consultation. While not legally binding under Malaysian law, it provides valuable guidance for future will preparation and helps document the evolution of the testator's intentions. The document can be particularly useful in complex estate situations involving business interests, multiple jurisdictions, or when Islamic law considerations need to be addressed. It typically includes preliminary decisions about asset distribution, executor appointments, and specific bequests, while maintaining flexibility for future modifications in the final will.
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1. Date and Location: Current date and place of writing, essential for establishing timeline of intentions
2. Testator Identification: Full legal name, NRIC number, and current residential address of the person expressing their testamentary intentions
3. Declaration of Capacity: Statement confirming the testator is of sound mind and writing this document voluntarily
4. Purpose Statement: Clear explanation that this is a letter of intent, not a final will, expressing current intentions subject to change
5. General Distribution Intentions: Overview of how the testator currently intends to distribute their estate
6. Executor Nomination: Identification of intended executor(s) for the future will
7. Signature and Witnesses: Testator's signature and details of witnesses (though not legally required as this isn't the final will)
1. Religious Declarations: For Muslim testators, statement regarding compliance with Shariah law and wasiat limitations
2. Business Interests: Section detailing intentions regarding business assets and succession planning
3. Guardian Nominations: For testators with minor children, expressing intentions regarding guardianship
4. Specific Bequests: Detailed intentions regarding specific valuable items or sentimental possessions
5. Foreign Assets: Section addressing intentions for assets located outside Malaysia
6. Trust Arrangements: Preliminary plans for any trusts to be established in the final will
1. Schedule A - Asset List: Preliminary list of major assets and their intended disposition
2. Schedule B - Beneficiary Details: List of intended beneficiaries with their full names and relationships to testator
3. Schedule C - Business Interests: Details of business ownership and preliminary succession plans
4. Appendix 1 - Family Tree: Simple family tree showing relationships of potential beneficiaries
5. Appendix 2 - Special Instructions: Any specific wishes or instructions for the future will drafting
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