KUALA LUMPUR, Feb. 23 -- Approximately RM65 billion in assets, including real estate and cash belonging to deceased individuals, remain undistributed to their heirs due to a lack of estate planning in Malaysia.
Berita Harian reported that this includes RM500 million in cash under Amanah Raya Bhd (AmanahRaya), around RM60 billion in real estate overseen by the Land and Mines Office (PTG), and approximately RM4.5 billion in unclaimed money held by the National Accountant Department (JAN).
AmanahRaya, mandated by the government as a trustee and estate administrator under the Public Trust Corporation Act 1995, reports that only about 5 per cent of Malaysia's over 34 million population have engaged in estate planning, indicating low public awa...