An Estate Planning Lawyer in Malaysia is a legal professional who specialises in helping individuals and families plan for the management and distribution of their assets after death or incapacitation. These lawyers are well-versed in Malaysian inheritance laws, tax regulations, and estate administration procedures.
Estate Planning Lawyers in Malaysia charge between RM3,000 and RM10,000 for their services, depending on the complexity of the estate and the scope of work required. However, fees can be higher for high-net-worth individuals or complex cases. The primary duties of an Estate Planning Lawyer include drafting wills, setting up trusts, creating power of attorney documents, advising on tax implications, and helping clients navigate the intricacies of asset distribution. They also assist in planning for potential incapacity, ensuring that their client’s wishes are respected and their assets are protected. These lawyers often work closely with financial advisors and accountants to develop comprehensive estate plans aligning with their client’s financial goals and family circumstances.
Estate Planning Lawyers
How Much Does Estate Planning Lawyer Cost?
Estate planning lawyers in Malaysia charge between RM3,000 and RM10,000 for basic estate planning services, depending on the complexity of the case and the lawyer’s experience. Some lawyers may offer package deals for comprehensive estate planning, ranging from RM5,000 to RM20,000.
What Is The List Of Top Estate Planning Law Firm In Malaysia?
Donny Wong & Co., based in Kuala Lumpur, is recognized for providing reliable estate planning services, focusing on asset protection and the smooth transfer of assets. Ghazi & Lim Advocates, also located in Kuala Lumpur, is well known for their comprehensive legal services, including estate planning and trusts. Gibb & Co., with its long-standing history since 1892, has established itself as one of the oldest law firms, offering specialized services in estate and wealth management.
For individuals seeking estate planning assistance, consult with experienced professionals to ensure your assets are protected and distributed according to your wishes. Please consult multiple firms to find the best fit for your needs.
How Much Does Estate Planning Lawyer Earn?
Estate planning lawyers in Malaysia earn a starting salary of RM60,000 to RM120,000 per year for junior lawyers, while more experienced practitioners can earn upwards of RM200,000 to RM500,000 annually. Partners in large law firms or highly successful independent practitioners may gain even more, potentially exceeding RM1 million annually.
How To Become an Estate Planning Lawyer In Malaysia?
To become an estate planning lawyer in Malaysia, one must first obtain a law degree from a recognised university, either locally or abroad. After graduation, aspiring lawyers must complete their pupillage (a nine-month training period) under a qualified lawyer.
Once called to the Malaysian Bar, lawyers can specialise in estate planning by gaining practical experience in the field, attending relevant courses and seminars, and potentially pursuing additional certifications in estate planning or related areas.
