Tuesday, July 12, 2011

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.

Friday, July 1, 2011

Rockwills - Debts Cancellation Plan

I have a client by the name of Mr. Tan. He was very sick and requested me to write a Will for him.

Upon singning his Will, over the conversation, we found out that he has outstanding credit card loan of RM60,000.00 with several banks. He was told by his friends that credit card outstanding loan need not be repaid when he dies.

I explained to him that all debts must be settled before his Executor can distribute his outstanding assets as per his Will to his family members. He needs a debts cancellation plan and this can be done through purchase of a new life insurance policies and create an insurance trust or create a trust using other liquid assets.

In many occasions, we notice that there is no debts cancellation plan and the estate administration process can not continue and this cause harship to the loved ones.

To find out more about debts cancellation, please call +03-7782 1993 or visit www.rockwillsonline.com.my.