YOU NEED THE UBB CASH TRUST TO ACCESS YOUR CASH The UBB Cash Trust is for legal fees to obtain the Letters of Administration or Grant of Probate (mandatory legal documents) to unfreeze a bank account or to execute a Will, which can usually take 6 months to a year. The typical legal fees for this exercise is around RM10,000. Ideally, we should place aside an amount of funds to cover this legal expenses and family living expense for that duration. What is the difference between a Grant of Probate and Letters of Administration? 1. When will you need a Grant of Probate? When a person dies and has a Will in place. 2. When will you need Letters of Administration? When a person dies and does not have a Will and also to unfreeze a bank account and distribution of his estate.
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13 Jan 2016posted on
Kuala LumpurKuala Lumpur
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