Introduction

PENGISYTIHARAN AMANAH / TRUST DECLARATION is an estate administration service provided by ASNB for its non-muslim Malaysian Unit Holders. It adopts the concept of trust where the unit trust investments will be managed by ASNB and will be transferred directly to the named recipients after the demise of the Unit Holder.

Concept

Eligibility Requirement

hibah amanah requirement

Non Muslim Malaysian Unit Holders age 18 years old and above.

hibah amanah requirement

Have a minimum investment balance of 1,000 units (excluding units under financing / collateral / EPF Members Investment Scheme).



Open to all eligible ASNB funds.

Comparison of Claim Process

Hibah Amanah

Registration Fee RM180

During Lifetime

After Death

Beneficiaries claim as ASNB

Units received will be transfered and distributed accordingly.


Beneficiaries claim as ASNB

Will

Will writing service fee from RM350

During Lifetime

After Death

Will reading session to all beneficiaries and respective parties

2 Months

Grant of Probate Administration Cost: Attorney’s Fee from 5% of value of total estate. Funded by Executor.

6 Months

Obtain Grant of Probate

Claim Process at ASNB: Units will be sold off and paid to the executor according to Grant Probate.

Without Any Estate Plan/Document

Beneficiaries have to identify the estate that need to be administered

1 Year

Letter of Administration:
Have to appoint administrator
Admin fee: Attorney’s fee from 5% of value of total asset. Funded by Adminstrator

2 Years

Obtain Grant of Probate

Claim Process at ASNB: Units will be paid and distribute according to the Letter of Administration.

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