Strictly Private & Confidential. For Discussion Purposes Only Planning Ahead For Your Loved Ones

2 OSK Trustees – Planning Ahead For Your Loved Ones At OSK Trustees, we believe in planning ahead… …by using our Estate Planning Services, you will not fail your loved ones!

3 OSK Trustees – Planning Ahead For Your Loved Ones Why do You Need a Will?

4 OSK Trustees – Planning Ahead For Your Loved Ones It is a legally binding written instruction made by you to pass your hard earned wealth to whom you choose to give and when to give, when you are no longer around.

5 OSK Trustees – Why Do You Need A Will? 1)Lengthy & Costly Legal Process The legal process to apply for Letters of Administration (without a Will) compared to Grant of Probate (with a Will), is lengthy, tedious and costly. This may cause hardships to your loved ones.

6 OSK Trustees – Why Do You Need A Will? 1.1 Process Between Testacy and Intestacy Testacy Intestacy Probate Probate application with List of Assets in High Court Probate obtained within 6 months to 1 year Executor distributes assets according to your Will Letters of Administration (LA) All lawful beneficiaries choose Administrator(s) Administrator find 2 Sureties to guarantee gross estate value LA application with List of Assets in High Court LA obtained generally after 3 years or more Administrator(s) distributes assets using Distribution Act 1958

7 OSK Trustees – Why Do You Need A Will? 2) You Decide Who To Give, How and When By exercising this RIGHT in a Will, you protect your assets and provide for your loved ones. 3) When You Don’t Have A Will… Your hard earned wealth would be distributed according to the law - Distribution Act 1958 (revised in 1997). This distribution may not be in accordance with your wishes

8 OSK Trustees – Why Do You Need A Will? Deceased Survived by Spouse ReceivesParent ReceivesIssue Receives SpouseFull ParentsFull IssueFull Spouse + Parents 1/2 Spouse + Issue 1/32/3 Parents + Issue 1/32/3 Spouse + Parents + Issue 1/4 1/2 Without A Will, Your Wealth would be distributed according to the Distribution Act 1958 (revised in 1997) # Note : “Issue” includes children and descendents of deceased children

9 Effect of the Distribution Act 1958 (amended in 1997) Married Person Spouse Parent Children 1/4 1/4 1/2 Parent Spous e Children Brothers & Sisters 8/9 1/9

10 OSK Trustees – Why Do You Need A Will? 4) Free Your Loved Ones From Long & Tedious Legal Process and Possible Disputes 4.1Avoid the problem associated with choosing an Administrator All lawful beneficiaries of your estate must unanimously consent to the choice of an Administrator that they trust Problem – this may not be possible and causes delay as there may be a disagreement amongst the lawful beneficiaries and difficulty in locating all the beneficiaries to consent. 4.2Avoid the legal requirement of 2 sureties The Administrator chosen would have to provide 2 sureties in the application for Letters of Administration. The 2 sureties are to provide a guarantee for the lawful beneficiaries based on the gross value of the estate. Problem – on demise of a wealthy person, it would be difficult to find a person with wealth equivalent to the estate to be a surety and even if found, such person may not want to be a surety.

11 OSK Trustees – Why Do You Need A Will? 5) Appoint A Guardian For Your Minor Children Only a Will or Deed would allow you to choose a suitable and caring Guardian for your children to guide them during their formative years.

12 OSK Trustees – Will Custodian Services Where Can You Keep Your

13 OSK Trustees – Will Custodian Services Having Written Your Will Is A Wise Move What About Making Sure It Can Be Found Easily And Is Accessible? Writing a Will is of little use if you cannot find it when you need it most.

14 OSK Trustees – Will Custodian Services At OSK Trustees, we offer Will Custodian Services to ensure that your Will is… 1.Safe from calamities 2.Safe from tampering and accidental destruction 3.Easily found, accessible and not frozen 4.Fire resistant safes 5.Annual update reminder 6.Personal Assets Inventory Booklet 7.Perpetuity

15 Why Choose OSK Trustees? We are a one-stop professional estate planning centre and private trustees services that you can truly rely on. Continuity As a trust company and as part of the OSK Group of Companies, we have established a strong business standing and are still growing from strength to strength with a network of more than 50 branches in Malaysia. Professionalism & Expertise OSK Trustees is managed by a strong management team of qualified and experienced professionals. We are adept at delivering efficient administration in our course of duty. All Wills are drafted by the experienced Legal Team of OSK Wills, a division of OSK Trustees. Each Will is written in compliance with the law and your wishes. Independent & Impartial A professional trustee such as OSK Trustees is ideal for the protection and administration of family wealth as well as the distribution of assets in accordance to our client’s wishes as we are impartial towards the various beneficiaries who are usually related family members. Confidentiality Protection of confidential information with regards to our clients and their trusts is part of our normal duties as a professional trustee. Competitive Price Our Estate Planning and estate administration fees are very competitive. Convenient With the assistance of our Estate Planners, you will be able to draw up your Will easily. At OSK Trustees, we are here to serve your needs by providing quality professional services. We look forward to a lasting relationship with you based on integrity and excellence.

16 OSK Trustees – Our Wide Range Of Services 1.Will Writing 2.Professional Executor Services 3.Custodian Services 4.Professional Trustee Services for Private Trust Services: a)Insurance Trust b)Private Purpose Trust (includes Investment & Charity) c)Business Succession Trust d)Testamentary Trust 5.Attorney/Agent for Executor 6.Trustees for private debt securities - debenture, bond, loan stock issues 7.Trustee for unit trust funds, REITs, golf clubs/associations, time sharing schemes, provident and retirement funds 8.Trustee/Manager of sinking funds 9.Stakeholders