Our Professional Services

Making Your Wishes Come True

Benefits of Writing Your Will Through Rockwills

Professional

Comprehensive and Professional Will-writing service

Legalize

Fulltime in-house legal advisors to support and check all Wills

Safe

Professional Will Custody service for safe keeping all Wills

ID-Card

Personalized Will Custody Identification card

Protection

Rockwills Trustee Estate Administration Services to complement your Will to ensure extra protection

Continuously

Continuous personalised service

Modern

Special bar coded Will with QR Code to minimize fraud or tampering

Keep Track

Personal Assets Inventory Booklet to help you organize and track your assets and liabilities

Why use Rockwills Professional Will-Writing Services?

Now drawing up a Will is as easy as making a phone call…..to Rockwills.

A Rockwills Professional Estate Planner can take your instructions in the privacy of your office or the comfort of your home.

Using our unique Professional Will-writing system and personalized service, your Will can be tailor-made to fit your particular needs in every situation. This will AVOID DELAY due to the Distribution Act 1958 (Amended in 1997).

DECLARATION OF TRUST

What is Declaration of Trust (UDeclare)?

UDeclare is a Declaration of Trust that is simple, flexible and powerful providing for you or your loved ones and securing their financial well-being. It is NOT subject to Grant of Probate or Letters of Administration. It is REVOCABLE and the contents can be changed anytime before Settlor’s death.A Declaration of Trust is an estate planning tool where the owner of a property (Settlor) will create a trust settlement by declaring that the property that he owns is actually a trust property and he plays the role as a Main Trustee and he is holding the property for himself and other persons who are named as beneficiaries.Under UDeclare, a trust is set up by you (Settlor) as Trustee with Rockwills Trustee Berhad as your substitute Trustee. This prevents any delay in allowing your beneficiaries to enjoy the trust assets. You acting as Trustee retain control and ownership of the trust assets.Under UDeclare, you need not transfer the assets yet until any of the following events that are determined by you occurs:

  •  Death
  •  Total Permanent Disability (TPD)
  •  Critical Illness
  •  Mental Disability
  •  Resignation as Trustee
  •  Disappearance

You may also include other specific events to enable Rockwills Trustee Berhad to act as Trustee.

How to set up Declaration of Trust?

What assets can be used for UDeclare?

Any asset in West Malaysia, whether encumbered or not, such as your residential property, unit trust / mutual fund investments, shares of companies, moneys in your bank account(s), can be form part of UDeclare.

Flexibility of UDeclare

During your lifetime, you can be one of the beneficiaries thus receiving income from the trust. So, in any emergencies, you will be able to withdraw your portion in UDeclare.

Speedy Distribution

Just like a living trust, UDeclare prevents delays and provides for fast distribution to your beneficiaries in their time of need or it can be accumulated for a specified period.

Cost savings

When the Settlor is acting as the Trustee, there are no transfers to Rockwills Trustee so you will be able to save on certain fees such as stamp duty, legal fees and the trustee’s annual fee.

Impartiality

Your beneficiaries will also benefit from our independent position as we shall act impartially and fairly to all beneficiaries. This safeguards their individual interests in the trust.

Protection for Your Beneficiaries

With the appointment of a Protector as a watchdog and advisor to the Trustee, there is clear protection of your beneficiaries’ interest.

Professional & Experienced Trustee

By appointing Rockwills Trustee as your substitute, you ensure that your instructions in the trust are carried out by a professional and experienced Trustee.

For more information about estate planning, please call us for FREE CONSULTATION at:
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INSURANCE TRUST

prevent these problems with a Insurance Trust (UProtect)

As parents, you may purchase insurance so that in case something happens to you while your children are young, there will at least be cash to provide for their needs. If you have taken insurance, chances are, you may think that you have done enough in providing security to your loved ones by nominating them as your beneficiaries in your insurance policies. Think again.Are your loved ones completely protected when you nominate them as beneficiaries in your insurance policies?Is that actually enough? You may want to consider:-

  •  If your spouse is the sole beneficiary to your insurance policy, what happens to the insurance proceeds upon your spouse’s passing?
  •  If your minor children are the beneficiaries, who should claim the insurance proceeds for them in the event both of you and your spouse are unable to?
  •  Are your beneficiaries mature enough to handle large sums of money?
  •  Is there someone competent enough to assist the beneficiaries?
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For more information about estate planning, please call us for FREE CONSULTATION at:

Insurance Trust (UProtect)

An Insurance Trust is an extremely effective Estate Planning tool that gives you continue to have control on how the insurance proceeds are distributed even when you are no longer around.

Structure of UProtect

With UProtect, your beneficiaries are completely protected when you execute a trust deed stating your instructions and transfer your insurance policy(s) to Rockwills Trustee Berhad by way of assignment or appointment as Trustee.As your Trustee, we assure you that your insurance proceeds are:Protected and readily available for immediate usage – As the insurance is not part of your estate, there is no need to wait for the extraction of Grant of Probate or Letters of Administration.
Used to finance education needs, living and medical expenses of your beneficiaries – Your loved ones will still enjoy life like how it is now even when you are no longer around. Should there be a claim for disability or major illness, you will be able to receive the insurance proceeds for your living and medical expenses.
Paid to your loved ones the way you choose – You decide who shall receive from the Trust as well as how and when they can receive the monies. You can also include substitute beneficiaries to replace those who are unable to receive.

BUSINESS VALUE PROTECTION TRUST (UBIZ)

Our UBiz consists of:

(A) Buy-Sell or Cross Option Agreement: covering the terms of the sale and purchase including the agreed value or formula, events triggering a sale, funding and mode of payment.(B) Power of Attorney: authorizing us, Rockwills Trustee, to transfer the shares/interests to the other co-owner(s) upon the occurrence of the agreed events that trigger a sale.(C) Trust Deed by the co-owners: instructions to Rockwills Trustee regarding the periodical distribution of the sale proceeds to prevent these being misspent by the beneficiaries.(D) Life insurance policy: as the main funding mechanism to purchase the shares/interest of the outgoing co-owner.

How to Set-up?

When An Event Occurs Triggering A Sale?

Advantage of UBiz

  •  Guarantees the sale of shares/interest at a full and fair value that was agreed by co-owners.
  •  Prevents inexperienced and unqualified heirs from being involved in the business or the selling of the deceased’s shares to outsiders.
  •  Smooth transfer of ownership to the co-owners is ensured by the Trustee.
  •  Using life insurance, the purchase of the shares/interest becomes very affordable, minimizing the need to use your savings for the purchase.
  •  Rockwills Trustee acts as the Trustee for UBiz protecting the interests of your beneficiaries and that of the co-owners.
  •  Shares/interests are easily converted.

Problems Without Business Protection Plan

Often these are:

  •  A new partnership is created due to the inheritance of the shares/interest by inexperienced heirs. Chances are this new partnership may fail;
  •  There is no pre-agreed price for any sale to take place when the heirs decide to sell to the other co-owners. As a result, it may take years to settle a transaction price.
  •  Some of the unqualified heirs may insist to be directors of the company and be active in running the business. This may lead to serious disruptions and disputes within management.
  •  It is possible that the co-owners may decide to abandon the business and start their own due to disputes with the heirs. However, starting a fresh new business may take a lot of time and money.
  •  Loss of profits and uncertainty about the business future success.

After all your hard work in building your business, how can you protect against such problems?

The Solution –Business Value Protection Trust (UBiz)

Our UBiz is the solution to ensure that there is a smooth transition of the business to the other co-owner(s) and the value of your share of the business is protected upon the happening of an unfortunate event such as:

  •  Death
  •  Bankruptcy
  •  Incapacity
  •  Divorce
  •  Ill health
  •  Loss of professional license
  •  Retirement
  •  Deadlock between co-owners
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For more information about estate planning, please call us for FREE CONSULTATION at:

FAMILY BUSINESS TRUST

What is 3G Family Biz Trust?

A family business is a business in which one or more members of one or more families have a significant ownership interest and significant commitments toward the business’ overall well-being. Some of the largest companies in Malaysia are family owned such as YTL and Genting. Family businesses may not necessarily be managed by family members but individuals. However, family members are often involved in the operations of their family business in some capacity and, in smaller companies, usually one or more family members are the senior officers and managers.The Rockwills Trustee’s 3G Family Biz Trust creates a structure for the continuation of the family business with or without the involvement of the family members. The existence of family participation in the business can strengthen the company because family members are often loyal and dedicated to the family enterprise. However, family participation as managers of a business can present unique problems because the interests of a family member may not be aligned with the interest of the business.

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The objectives of setting up the 3G Family Biz Trust are:

  •  To clarify business goal;
  •  To provide financial security for the families of the current owners who may or may not be involved in the business;
  •  To avoid fragmentation of the company due to inheritance;
  •  To ensure a smooth transition following the retirement, incapacity or death of a key person; and
  •  To achieve the long term health and viability of the business controlled by the family preventing a sale of the business

For more information about estate planning, please call us for FREE CONSULTATION at:

ESTATE ADMINISTRATION (UPREPARE)

What is UPrepare?

UPrepare is an Estate Administration Services Package offered by Rockwills Trustee Berhad to save estate administration cost and speed up the distribution process.There are many matters to be settled by an Executor before distribution. These include collecting all immovable and movable assets (including bank accounts, vehicles, shares in companies, unit trusts, house etc); settling the debts of the deceased (including income tax and loans); and applying for grant of probate and submission of the relevant documents to the High Court; dealing with government authorities and financial institutions.Appoint Rockwills Trustee Berhad as your Executor and buy our UPrepare packages and your family members are saved from all the above inconveniences!

Unique Features of UPrepare:

  •  Enjoy today’s estate administration rates and hedge against inflation so that your estate is not affected by future rates increase;
  •  Enjoy preferential rates through our strategic alliances with professionals such as lawyers, tax consultants, fund managers, accountants and property agents;
  •  All the benefits of UPrepare are transferable to any person during your lifetime for a transfer fee of RM100 only;
  •  Nationwide access to our Rockwills Estate Planners;
  •  Prevent unnecessary delays to distribute the estate to you loved ones;
  •  Making the necessary arrangements for legal representation to apply for Grant of Probate;
  •  Professional support from experienced and practical professionals within Rockwills Trustee Berhad.

UPrepare Types & Benefits

There are two types of UPrepare i.e. UPrepare Diamond and UPrepare Jade2. Each provides different benefits:

In the process of estate administration, the role of executor is very important. Do not know who to appoint as executor? Refer to the table below on pros & cons of appointing different individuals as your executor.

For more information about estate planning, please call us for FREE CONSULTATION at:

Get Started

Rockwills Service Center

  • D-17-1, Kinrara Niaga, Jalan BK 5A/2B, Bandar Kinrara, 47180 Puchong, Selangor

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