VBlog #30: Malaysia WIll Writing Agent and Rockwills Professional Estate Planning Agent Video Blog #30- July 15, 2010
Evanna Video Blogs about Will Writing Terms:
What is the difference between Testacy & Intestacy?
a. For Intestacy, Letter of Administration will be obtained, the deceased loses control of assets distribution, and it will take longer time and higher cost to unfreeze the assets.
b. For Testacy, Grant of Probate will be obtained, the deceased have full control over the assets distribution, and it will take shorter time and lower cost to unfreeze the asset.
c. Partial Intestacy, Both document, Letter of Administration & Grant of Probate are obtained.