MWD Wills Depository Sdn Bhd announced a solution that enables Malaysians to search for a will.
WillKey, Malaysia’s first will registry, serves as a central registry where testators can register information about the whereabouts, or deposit copies of their wills.
“Searching for a will to facilitate the rightful execution and distribution of wealth and assets is no exception.
“Having a will is important for anyone who has properties, insurance policies, bank accounts and other types of assets to determine who inherits them, but knowing where the person has stored a will is just as important,”said MWD Wills Depository Sdn Bhd’s director, Su Tiang Joo.
He added, if the users wish, they can also store them with MWD Wills Depository Sdn Bhd and have their wills located easily.
With a purpose-built business model of registration, storage and search of wills only, WillKey serves as a centre for effective will search and custodian services.
“This is especially important for families who experience sudden death, where they were financially dependent on the deceased and need a speedy resolution to move on with their lives.”
“We have people who knows that a will exists, but there is little information on where it is.
“WillKey serves as the centralised registry that allows predetermined persons for e.g. lawyers, executors or next-of-kin, on production of appropriate documents, to access information on a particular will, conveniently and without hassle,” he added.
And, with a secure vault with a fire suppression facility in place that leverages on technology, WillKey consolidates information for testators, executors and beneficiaries to simplify and expedite the process of searching for and retrieving wills.
“WillKey wants to ensure that their will is registered and stored safely so that the testator’s wishes can be rightfully executed,” Su explained.
WillKey is not just for those who are looking for a deceased’s will, but also serves as a platform for lawyers and will writing service providers to register their clients’ wills.
“We encourage all people to register and store their wills with WillKey as this makes the search process for a will less tedious.
“We wanted our services not to be an added burden for testators and their families who have already spent a fair bit on the entire will-writing process.
“By entering this interconnected system, WillKey intends for all parties to benefit from this relationship,” he concluded.
The opportunities are open-ended for partners who are on board with WillKey and they will be able to enjoy an additional income stream from will registration and storage.
A testator only needs to register once with WillKey with a one-time fee of RM133.33 and will storage subscription fees are available for as low as RM3.33 per month.