Our Declaration Trust that is simple, flexible and powerful providing for your loved ones and securing their financial well-being. Declaration Trust is a trust set up by you as main trustee with Rockwills Trustee as your backup trustee. This prevents any delay in allowing your beneficiaries to enjoy the trust assets during any of the unfortunate events that arise.

In our Declaration Trust, you need not transfer the assets yet, until any of the following events (as determined by you) occurs:

1. Death

2. Total Permanent Disability (TPD)

3. Critical Illness

4. Mental Disability

5. Resignation as trustee

6. Comatose

Missing for a period to be stated in the trust.

*Declaration Trust resolves the problem of lack of death certificate for distribution of assets.

WHAT ASSETS CAN BE USED FOR DECLARATION TRUST?

Any asset in Malaysia, whether encumbered or not, such as

1. Residential property,

2. unit trust/mutual fund investments,

3. shares of companies,

4. monies in your bank account(s)

5. Insurance Proceed

can be part of the Declaration Trust.

Benefits Of Declaration Trust

Flexibility of Declaration Trust

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 Declaration Trust.

Speedy distribution

Just like a living trust, Declaration Trust 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 Settlor 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.