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In today's world of economic and political uncertainties, you may consider UDeclare if you are in one of the following situations below:

  1. He is using his sister to buy a house but it is registered in the sister's name and your client is paying for it. Your client wants to know how to protect his right/interest in the property?
  2. Your client has 3 minor children. He is worried that in the event of death, disability or serious illness, all assets will be stuck for some time. How can you solve this problem?
  3. An association bought properties but registered it in the name of several committee members, how can the association prevent the properties being inherited by the families of the committee members?
  4. You met a foreigner who is staying in Malaysia under the Malaysia My Second Home (MM2H) program, but he has only a bank account, listed shares and golf club membership. He wants his wife to get the moneys in the bank account quickly without having to wait for Probate.

The above are some of the areas that a Declaration of Trust (UDeclare) can be used to fulfil your client's wishes.

 

What Is A Declaration Of Trust (UDeclare)?


Our UDeclare is a Declaration of Trust that is simple, flexible and powerful providing for your loved ones and securing their financial well-being.

Under UDeclare, a trust is set up by you as trustee with Rockwills Trustee as your back up trustee. This prevents any delay in allowing your beneficiaries to  enjoy the trust assets.

In our 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


What Assets Can Be Used For UDeclare?

 

Any asset in 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 part of UDeclare.



Benefits 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 delay 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 Settler 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 - by appointing Rockwills Trustee as your substitute trustee, you ensure that your instructions in the trust are carried out by a professional and experienced trustee.    

 

For more information, Call Rockwills 03-7958 1993 or contact us

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