Rockwills - Will of Charities

Recently a few of my clients were asking me for name of charities which they intended to name in their Wills. These are good deed!. You can donate some moneys from your banks accounts or dispose some of your assets and turn into cash and donate to the charities.

It is always advisable to donate 'cash' than immovable properties to charities you wish to benefit.

There are several types of charities in Malaysia, we have those for the old folk home,community services, NGOs etc.

Please visit www.rockwillsonline.com.my for a list of charities in Malaysia.

Write a Will when you are able to

Mr Chew called me from Subang Jaya Medical Centre saying that his brother need to write a Will. His brother is very sick. Before I went over to see my propect client, I asked him if his brother is conscious and sound mind? The answer is "Sometime yes, sometime no". I told him that I am not able to write for his brother unless he is totally sound mind. This is prevent beneficiaries from contesting the Will in the future.

Thus, do not procastinate, write your Will early.

Writing a Will is is a effective way to protect your asset

Mrs Chan is 65 years old this year. Two years ago she used her hard earned savings to buy a house and registered the house under his son's name. The reason for this is because she felt that sooner or later this house will be given to her son, thus, writing a Will is not necessary.

Last year, without her knowledge, the son sold the house used the proceeds of the sale to buy a new house and registered the new house jointly under his name and his spouse.

Mrs Chan was very angry on the sale of the house, however she can not do anything to stop the sale as the son is the legal owner of the house.

To all parents, please do not do what Mrs Chan did, write a Will and protect your assets.

Please call 03-7782 1993 for more information on Will.

An Unproteded Will is as good as no Will

Many of my clients try to save the custody fee charged by Rockwills by not keeping their Wills at Rocwkills. They do not know that an unprotected Will is as good as no Will. The reason is simple, the Will written is not going to be used too soon as it is written as on a standby basis should something unwelcome happens. Thus, keeping at Rockwills Custody Centre ensures the Will to be found when need arses.

Professional safe custody of Wills also prevent the Wills from any intend tempering, been stolen, expose to fire and water and other disasters that might happen.

So, think of orofessional custody of Will after you have written your Will. They are equally important.

Write a Will to protect your family

We are at the final quarter of 2011, year end school holidays are coming. As usual, I have received numerous inquiries on writing of Will from prospects. Many of them tell me that they are planning to go for holidays at the end of the year, thus, writing a Will is something that they must do before they 'fly'.

Having a Will is not just able to leave a legacy of love, distribute our assets, it also make the legal process easier for our family. Through a Will we appoint trustee and guardian we trust for our minor children. We allocate our assets among our children. Finally, what if the whole family 'gone' in a disaster? We can donate our assets to charity or give them to our friends or other family members. These can be stated clearly in a Will.

Do not procastinate, write a Will today!

For enquiry, please call +6012-3039383 or visit www.rockwillsonline.com.my

Rocwkills - Business Succession Plan??

Have you every think of what will happen when you, as a share holder of a company passed away suddenly?

You might have written a Will to Will your share holding in the company to your family members, but is that good enough?

There may be many unwelcome people 'eyeing' on your share holding which is now in the name of your family members.

Are your family members able to run the company together with the remaining share holders? Will they welcome your family members?

Do your family members have the experience? Are they minor?

If your family members are minors or inexperience, what will happen next? The shareholding might be slowly been 'cheated' by some outsiders.

Lot of problems will be faced by the family memebers when they inherited your share holdings. The best way to do is to prepare an 'Exist Plan' where you will sell your share holding to the other interested parties at a price you agreed when you are alive.

Upon the sale of your share holding, sale proceeds will be given to your family members via a Trust Corporation.

Your can even decide on the manner to disburse the net proceeds to your family memebers. This protect them as well as the sale proceeds.

To find out on the perfect solution to address your concern on this issue, please conatct us via info@rockwillsonline.com.my or call +603-7782 1993 for more information on our forever in demand trust product known as 'BUSINESS VALUE PROTECTION TRUST' or PVPT in short.

Rocwkills - Write Your Will Before It Is Too Late!

A client, Mr Chew called me yesterday saying that he need an urgent Will done for his brother who is seriously ill at a private hospital. I asked if his brother is conscious. He replied 'Yes' and his doctor can confirm that.

I rushed over to the hospital to collect some information for the Will. When I returned again, I found that his brother is not conscious, he can not open his eyes and could not wake him up.

Later when the doctor were there, the doctor said he was not conscious and he can not proceed to sign a Will.

Thus, to all Malaysian, write your Will early, when you are conscious and of sound mind. Do not wait till the last minutes.

Visit www.rockwillsonline.com.my for more information on Will and Trust.