JESSIE OOI (CFP) (AEPP) (Franchisee Code: P6007013)
A Service Centre and Senior Franchisee of Rockwills Corporation Sdn Bhd
Financially Inclusive Will Writing Services: Overcoming Barriers Together
Immediate Money Concerns
Objective:
You aware in the event of death or incapacitated, your loved one cannot access to your assets, including your bank account. Therefor getting ready immediate money for them is utmost crucial in estate planning.
The Solution:
Rockwills provides specialized trust structure, such as Immediate Money Trust, Insurance Trust, and Declaration Trust to ensure the availability of liquid funds to cover immediate expenses associated with the estate, urgent financial obligation, and safeguard the financial stability of your loved one with immediate access to the funds.
How The Trust Structures Can Help You:
- Provide For Emergency funds.
The trust aims to allocate funds that can be readily accessed to cover immediate expenses associated with the estate such as funeral costs, outstanding debts, legal fees, and other urgent financial obligations such as family’s living expenses and children’s education fees. This is particularly crucial if you are the primary breadwinner or financial provider for a family.
- Avoid Forced Asset Sales
Trust aims to prevent the need for your loved one to sell assets hastily or at lower value due to financial constraints. So, it enables them to maximize the value of the assets.
- Providing liquidity
Certain assets, such as properties, businesses, or investments, may take time to sell or convert into cash. Immediate money provides liquidity, allowing your loved ones to access funds quickly and easily. This will reduce financial stress and financial burden to your loved one.
- Minimize Probate Delays
The trust aims to minimize delays associated with the probate process. By allocating immediate money within the trust, your loved one can access funds without the need for court approval or lengthy probate proceedings, ensuring a more efficient distribution of assets.
- Plan For Contingencies
The trust aims to plan for contingencies or unexpected events, such as incapacity or disability. By establishing provisions for immediate money, the trust can ensure that appropriate financial support is available in case of unforeseen circumstances.