Only 28% of Malaysian workers have a will

According to Financial Planning Association of Malaysia (FPAM) chief executive officer Linnet Lee(pic) among the reasons people gave for not writing a will are lack of awareness, procrastination or preferring to wait until one is older to do so

KUALA LUMPUR: Only two million people, or about 28% of the total seven million people that make up the working population in Malaysia, have a will, according to MWD Wills Depository Sdn Bhd.

The number is a far cry from countries such as the United States and the UK, where 40% and 41% of the adult population have a will. In Australia there is even greater awareness of estate planning with about 55% of adult Australians having made a will.