Objective:
Even though you are single with no marriage, having an estate plan can take care your own well-being. It is not only about distributing assets after death but also about taking care of yourself in the event of incapacitated.

The Solution:
Rockwills provides specialized Will Writing Services which enable you to specify how you want your assets to be distributed when you are no longer around.

Rockwills also provides trust structures such as Long Term Care Trust, Parent Maintenance Trust, Pets Trust or trust structure for any other specific purpose.

How the trust structures Can Help You:

• Choose Your Beneficiary

By having a valid Will in place, you can choose your beneficiary instead of allowing your assets to be distributed according to Malaysia Distribution Act 1958.

You can name specific individuals, such as family members, friends, or charitable organizations, as beneficiaries.

You can allocate your assets among them as you see fit, outlining the percentage or specific items you wish to leave to each beneficiary.

• Prevent Family Members Dispute Over Your Assets.

You have clearly stated in the Will, who should inherit your assets, including personal belongings, property, investments, and any other possessions upon your passing, it helps prevent disputes among family members.

You can name specific individuals or organizations as beneficiaries of your assets. This provides a clear indication of your wishes and helps to avoid conflicts or any intentional manipulation.

You can include a personalized message in your Will explaining why you have chosen certain beneficiaries to receive your assets, this help provide clarity and insight into your decision, and potentially minimize disputes among family members.

• Protection Against Financial Exploitation

In the event of mental incapacity, such as dementia, Alzheimer’s disease, or cognitive decline, can significantly increase vulnerability to financial scams.

In some other significant life transitions or major events, such as the death of a loved one, divorce, or a sudden windfall, these events can disrupt your emotional state, and make you more susceptible to financial manipulation.

By setting up a Trust structure, you can name yourself as the initial trustee and designate a Trustee Corporation as a successor trustee to take over your assets in the event of your incapacity or on your own call. The successor Trustee can then manage your assets according to the instructions you’ve provided in the trust documents.

• Incapacity Planning

Estate Planning involves more than just distributing assets after death. It also includes planning for potential incapacitation.

By setting up a Long-Term Care Trust, you can name yourself as the initial trustee and appoint Rockwills Trustee Bhd as a successor trustee to take over your assets in the event of your incapacity. The successor Trustee can then manage your assets according to the instructions you’ve provided in the trust documents.

This enables you to ensure that your finances and property are handled according to your instructions, your wishes regarding medical treatment, finances, and overall care are respected and followed.

• Continuity Support to Your Parents

By setting up a Parent Maintenance Trust, you can ensure that your parents’ care and support will continue uninterrupted even if you become incapacitated or pass away.

You can set aside specific assets or funds to be used for the care and support of your parents as they age.

You can serve as the initial trustee, maintain control over the trust assets, and appoint Rockwills Trustee Bhd as successor trustee to take over if you become unable to fulfill your duties.

• Choose Your Executor

When you write a will, you can appoint an executor who will be responsible for administering your estate and carrying out the instructions outlined in your will. Choosing a responsible and impartial executor can help ensure that the distribution of your assets is handled fairly and in accordance with your wishes, minimizing the potential for family disputes.