• Chong Mok Yong RFC (USA) AEPP (Franchisee Code P3038001)
    A Service Centre and Senior Franchisee of Rockwills Corporation Sdn Bhd
    info@rockwillsonline.com.my
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Declaration Of Trust

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 (as determined by you) occurs:
  • Death
  • Total Permanent Disability (TPD)
  • Critical Illness
  • Mental Disability
  • Resignation as trustee
  • Comatose
  • Missing for a period to be stated in the trust.

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

How To Set Up Udeclare?

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.

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.

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.

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.

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.

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.