WILL

WILL 
Writing a will could be somethings difficult or rather easy.
if you got nothing or only debt remain may no need think of it.
but in life everyone should have somethings they keep.
i wonder if there is only debt. can WILL write the debt pass to who? (if can will write the enemy name?)

for me i have been thinking of this, might be due to my surrounding many have such practice.
below is some example on WILL writing and some to be update from time to time. ock

basically it should have a few category
1. Cash money
2. Asset - property, car , gold, tangible asset.
3. Stock
4. Business
5. Debt
6. EPF
7. Insurance

above is category as i know, after several advice from senior i think we can make it into such a way.
1. Cash money in bank such as Maybank, RHB, CIMB all go to xxx or follow the below ratio, parent 10% wife 20% child split equally.

2. Asset - Property A - pass to beneficiary on aged 21 or wife, and if wife would like to sell the house shall be priority sell to sibling at a fix price of xx. if sibling don't want(written in formal) only can sell to public.  if would like to remain the property keep for 5 years only can be sold but need to look at the actual property if still debt or clear out.
Car shall be pass to each personally, normally car not much debt or asset just a transport vehicle.

3. Stock - all stock shall pass to beneficiary, only stock category B can be sell at will , while stock category A to be keep for 10 years/ 5 years after only can be sell at will. this is to ensure current stock selection is good enough to last for 10/5 years, while is steadily growth up without too risky. could be Category A as blue chips stock. this must be determine by own self.

4. Business - if only i have any business to pass down, business appear to be best  practice. as one die the business still run as usual, just need to power attorney to be change. it won't collapse or cease operation just to dead of owner. the business can make it as below, debt to be clear out, while the payment to be recall back. receivable and payable need to be make clear to inherit also shall inform clearly who is the right person(person you deal for biz) to look for from company A and how much receivable to be collect and what is the debt on hand or as of now.

5. Debt - one must clear that the debt is lie within to be clear off with cash money in bank or property or how. this shall be stated clearly to avoid fighting between beneficiary.

6. EPF - EPF accordingly only named beneficiary can take the money. so must hurry do the named beneficiary. better so is withdraw out while you can.

7. Insurance on balance shall be use to settle the funeral fees, remaining to be split equally to among beneficiary or such.

8. personal belonging, priority book or dairy pass to who. personal belonging to who. pets, plant etc...

above is some example that i could think of when writing a WILL.