top of page

WILLS & TRUST SET UP SERVICES 

Rockwills.JPG

WILL & TRUST SPECIALIST

WHY ROCKWILLS?

  • More than 25 years of experience in Estate Planning

  • Written more than 250,000 Wills & 10,000 Trust Deeds

  • Currently appointed as corporate executor and trustee for trust funds and estates valued at more than RM 25 billion

  • More than 30 In-house legal advisors

  • Professional Indemnity Insurance coverage up to RM 100 million

With Will & No Will.jpg

ASSETS DISTRIBUTION DURATION

WITH WILL AND WITHOUT WILL

  • No WILL > Letters of Administration ( Est 1-3 Years ) > Asset Collection ( 3-12 Months ) > Advertise in Gazette to notify the creditors > Distribution Beneficiaries

​

  • With WILL > Grant of Probate ( Est 6 Months ) > Asset Collection ( 3-12 Months ) > Payment to IRB and creditors 

  • Distribution to Beneficiaries : No Will ( 3- 7 Years Time ) With Will ( 1-2 Years Time ) 

Administrator & Executor.jpg

ADMINISTRATION ( WITHOUT WILL ) & EXECUTOR ( WITH WILL )

PROBLEM OF PERSONAL REPRESENTATIVE

  • ( Without Will ) > Administrator > Appointed among beneficiaries > All beneficiaries must give consent & renounce their rights to be Administrator > 2 sureties/quarantors required

​

  • ( With Will ) > Appointed by Testator himself > Beneficiaries are not  required to give consent to the appointment > No sureties/guarantors required

Why trust.jpg

DIFFERENT OF WILL VS TRUST

WHY YOU NEED TO SET UP TRUST WITH ROCKWILL TRUSTEE BERHAD

  • Assets not frozen upon death​​

  • No need Court order

  • Immediate distribution

  • Controlled distribution 

  • Set Up Funds for Elder Care, Special Care for Special Kids ( Family Trust ) 

  • Controlled distribution of Company Shares ( Company Buy Sell Trust ) & Property Ownership ( Property Trust ) 

Distribution Act 1958.JPG

DISTRIBUTION WITHOUT A WILL( EXCEPT SABAH ) 

THE DISTRIBUTION ACT 1958

  • Family Distribute will arise

  • Sharing of assets ownership come to arguement when some wanna sell the assets, some wanna keep

  • Elder people lost control of staying in the property 

  • Assets distribute to family's family members which not so closely related to our relationship.

  • To prevent this, Write a Will with us 

Intestate Succession Ordinance Act 1958.JPG

DISTRIBUTION WITHOUT A WILL( FOR SABAH ) 

INTESTATE SUCCESSION ORDINANCE 1960

  • Family Distribute will arise

  • Sharing of assets ownership come to arguement when some wanna sell the assets, some wanna keep

  • Elder people lost control of staying in the property 

  • Assets distribute to family's family members which not so closely related to our relationship.

  • To prevent this, Write a Will with us 

IMG_3839.jpeg

A WILL THAT CAN'T BE LOCATED, IT IS LIKE NOT HAVING A WILL.

KEEP YOUR WILL WITH ROCKWILLS

  • Will can be found and read when needed

  • Free from accidental or deliberate destruction 

  • Safe from fire, flood and theft

  • No tampering by anyone

  • Preserve confidentiality 

  • A reasonable and affordable fee

  • Discount for rewriting your Will

68.jpg

ROCKWILLS FEE SCHEDULE

ROCKWILLS FRANCHISEE R0007927

  • Will-Writing Fee ( 9  Clauses - 30 Clauses above ) - RM 600 - RM 2200 above.

​

  • Annual Estate Administration Fee - 1.5% ( 1st Million ) > 0.9 % ( For the next 9 Million ) > 0.5% ( For the next RM 20 Million ) > 0.25% ( RM 30 Million above ) 

​

  • Will Custody Fee - Annual Custody ( RM 130 ) , Lifetime Custody ( RM 1,188 ) , Lifetime Plus Custody ( RM 1,688 ) > Will Rewrite Discount 20% - 50% > Rocwills Accidental Death Benefit up to RM 40,000 > Probate Subsidy RM 6000

​

  • Prepaid Silver ( RM 1200 ) , Prepaid Gold ( RM 2000 ) - Discount of 15% - 20% on Administration Fees etc​​

Facebook page likes.jpg
like us on facebook

To keep yourself in touch with us & updated with Penang Properties & Services. 

bottom of page