{"id":3269,"date":"2021-10-05T01:20:56","date_gmt":"2021-10-04T17:20:56","guid":{"rendered":"https:\/\/yhalaw.com.my\/?p=3269"},"modified":"2024-09-09T09:11:38","modified_gmt":"2024-09-09T01:11:38","slug":"will-secret-trust","status":"publish","type":"post","link":"https:\/\/yhalaw.com.my\/my\/will-secret-trust\/","title":{"rendered":"WILL \u2013 SECRET TRUST"},"content":{"rendered":"<p><strong><em>Q: I intend to give away one of my properties to my favourite child who took care of me when I am sick. I do not want this to be revealed in my will. What can I do?<br \/>\n<\/em><\/strong>A: You may sign a secret trust to give away that property of yours to your favourite son upon your death.<\/p>\n<p><strong><em>Q: How does a secret trust work?<br \/>\n<\/em><\/strong>A: A will is a public document open to scrutiny. Under a secret trust arrangement, you may leave the property to a trustee in the will. The trustee will hold the property via a separate secret trust for the benefit of the intended recipient.<\/p>\n<p>For example, A has 3 sons, i.e. X, Y and Z. A wants to keep it a secret who his property in Mont Kiara will be given to in his will. Instead of stipulating either X, Y or Z will be the beneficiary under the will, A will bequeath his property in Mont Kiara to B. B will then hold the property in Mont Kiara under a separate secret trust to Z, the favourite son. The name of the favourite son Z will not be revealed in the will.<\/p>\n<p><strong><em>Q: Is secret trust valid in Malaysia?<br \/>\n<\/em><\/strong>A: Secret trust is valid in Malaysia. There is no contradiction between the doctrine of secret trusts and the Wills Act 1959. A secret trust provides a degree of privacy in the final disposal of the testator\u2019s will. A secret trust is made outside and independently of the will. There is an independent obligation accepted by the trustee under a secret trust. A secret trust operates outside the formalities of the Will Act 1959. A secret trust protects and respects the testamentary freedom of the testator.<\/p>","protected":false},"excerpt":{"rendered":"<p>What is a secret trust and how does it work?<\/p>","protected":false},"author":9,"featured_media":3282,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2469],"tags":[2470,2471],"class_list":["post-3269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-will","tag-secret-trust","tag-will"],"_links":{"self":[{"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/posts\/3269"}],"collection":[{"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/comments?post=3269"}],"version-history":[{"count":2,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/posts\/3269\/revisions"}],"predecessor-version":[{"id":3272,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/posts\/3269\/revisions\/3272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/media\/3282"}],"wp:attachment":[{"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/media?parent=3269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/categories?post=3269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yhalaw.com.my\/my\/wp-json\/wp\/v2\/tags?post=3269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}