Monday, December 20, 2010

Writing a simple Will is not enough? Why?

Most people will say they need a simple Will that is cheap and simple. Actually, writing a Will is not just to distribute your assets, the Will must be able to function, protect and provide liquidity when need arises in the future. These are the areas that I will consider before drafting a Will for my clients.

When there is minor, property can not be sold until all the joint owners are above 18 years old. Thus, if you just give you house to two minors equally, no sale or transfer can be done until both are above 18 years old, thus, in this scenario, it is best state clearly that Trustee has the power to sell to raise fund should need arises.

When the age gap between children are big, there is a need to create a 'Trust Fund' in the Will, this ensure the younger children are able to have enough moneys to pay for their maintenance and medical expenses through the 'Tust Fund'.

By holding back some moneys in you bank accounts in the form of a 'Trust Fund', you are indirectly protect your moneys to ensure all your children are taken care of and is fair to all your children.

Writing a Will that function is one of the most important goal we want to achive for our testator. The Will must protect the assets, ensure there is liquidity when need arises, fair to all children especially when there is minor anmed in the Will.

Friday, December 3, 2010

Reasons to appoint a trust corporation as an Executor or Trustee in your Will.

Some of the reasons why we should appoint a trust corporation are:-

1. A trust corporation has the expertise in all aspects of estate or trust administration. Thus, the legal adminsitration process can be carried out faster as trust corporation has qualified and experienced legal team.

2. Provide personalised and flexible services to meet your expectations. The high standard of quality of the service from a trust corporattion's in house legal team backed by panel of Lawyers ensure all objectives are fulfilled.

3. Independence. As an experienced and professionally managed company, a trust corporation is able to give you undivided attention and advice, objectively and impartially. This will able you to achieve your goals and that of your Trust.

4. Beneficiaries will enjoy independence as a trust corporation acts impartially and fairly to all Beneficiaries. This safeguards their individual interests in the Trust.

5. There is continuity. Unlike an individual who may be affected by critical illness or death or cause delay; a trust corporation provides continuity in carrying out the terms of the Trust.

The above are some of the advantages of appointing a trust corporation as executor or trustee in your Will.

Please visit http://www.rockwillsonline.com.my/ for more information.

Saturday, July 3, 2010

The Role of a Will Executor

The Executor is a person that we appoint in our Will. He is the person whom will be applying grant of probate at the Court. Upon extraction of the grant of probate, he will need to settle all debts before transfer the assets as per the Will to the beneficiaries named in the Will.

His role is an important one, thus, selection of a trustworthy Executor is vital. He must be someone who can see through the whole estate administration process and ensure the wishes of the testator is fulfilled.

Normally we apoint our sibilings as the executor, however, do you know that you can appoint a Trust Corporation as your executor in your Will? A trust Corporation is an corporation that will handle all the work of an executor. There are many advantages to appoint a Trust Corporation in a Will. I will share more in this area in my next wrrite up.

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

Wednesday, June 16, 2010

A Career in Estate Planning through Rockwills

Are you aware that more than 90% of Malaysians do not have a Will or know about Trust?

A Will and Trust Establishment are two instruments in estate planning. A Will can hekp us to ensure our assets are distributed in the way we want when we passed on while a Trust provides protection to our assets. In Malaysia, the market for estate planning is huge and unlimited and vastly untapped.

Rockwills, a company specialised in Will-Writing and Trust provides a good platform for individual to involve in estate planning.

If you are interested or want to find out more, please droup us a line at info@rockwillsonline.com.my or call +603-7782 1993.

Monday, June 14, 2010


It is Father's Day celebration again! To all the fathers, Rockwillsonline wishes you a "Happy Father's Day!"

Looking at the picture, we know how happy the 2 kits are, the responsible father have written a Will to protect them. So, do not procastinate, write your Will today!.

Sunday, June 13, 2010

Rockwills - Write Your Will Before It Is Too Late!

I visited a client by the name of Albert few weeks ago. He is at the final stage of lung cancer, he can not talk but able to write and shown me what he wanted to put in his Will. As he is giving everything he own to his wife and appoint her as an executor. As a Will Writer I advised him to have a substitute executor and beneficiary for his Will.

A week ago, I was informed by his niece that he passed away. Now, problem will arise as he has no Will and the distribution will be following the Act. As he leaved behind only his surviving spouse, no children and no parents, his estate will be given to his surviving spouse.

Without a Will, his surviving spouse will have to go through a lenghty legal process before able to transfer to her.

Please do not procastinate, write your Will today! Call +6012-303 9383 for more information on Will.

Friday, June 11, 2010

Recent Free Talk on Will Writing Engagement







Recently, I was invited by (i) BMW Group Malaysia, Cyberjaya, Selangor and (ii) the Resident Association of SS19, Subang Jaya, Selangor to present FREE talk on Will. The topic is "Why It Is Important To Write A Will?".

Nowaday, more and more people are getting more interested in the subject Will. Such a group presentation will benefit many who attend. The Talk will clear many misconception about Will etc .

If you are interested to hold such a Talk, please drop us a line at info@rockwillsonline.com.my or call +6012-303 9383.




Below are some of the photographs taken.

Wednesday, May 5, 2010

Happy Mother's Day from Rockwills


" HAPPY MOTHER'S DAY" to all mothers from Rockwills.

Friday, January 8, 2010

Rockwills - The importance of Will Safe Keeping

Writing a valid Will is just one side of the coin, safe keeping of the Will is the other side of the coin. Since 1995, Rockwills provides Professional Will Safe Custody of Will and there are now more than 90,000 clients use Rockwills's Professional Will Safe Custody services.

On top of a yealy reminder, clients are issued 2 indentification cards. There is also a Personal Inventory Booklet (PIB) for recording details of assets of the testator. This PIB is also sent to clients on a yearly basis.

Rockwills Professional Will Safe Custody services ensure the Will is kept confidential, prevent tempering and can be located when need arises. Thus, provides a peace of mind for all testators.

To know more about the service, please visit http://www.rockwillsonline.com.my/

Rockwills Will-Writing - A Career in Estate Planning in Malaysia

Recently there were quiet a number of inquiries on our Rockwills franchisee business. Rockwills Corporation, the No. 1 estate planning company in Malaysia runs on a franchisee format.

A franchise format is different from the traditional agency format which is used mostly by insurance comapnies, unit trust companies or some direct selling companies.

Thus, when you sign up for a franchise liscense for 5 years, you can do your Will-Writing business under the brand name of Rockwills until your license expires whereby you need to renew for another 5 years. The current franchise fee is RM2788.00.

The income from the business is commission based, on the sale under your franchise license. On top of the high commission payout by Rockwills, very attaractive incentive like cash incentive, office rental and marketing subsidies and overseas trips etc are given and awarded to those who achieved the company's sale target.

If you are a matured adult looking for a new career why no explore on this Rockwills franchise business?

The estate planning market in Malaysia in vastly untapped, more than 90% of eligible Malaysian do not have a Will or know about trust. As Will-Writing is more of a advisory in nature not "hard selling" and it is a very interesting career where we share our knowledge in will writing with the public or potential clients.

If you are interest to find out more about our franshise business, do drop me a line at info@rockwillsonline.com.my or visit http://www.rockwillsonline.com.my/