{"id":70,"date":"2017-05-08T06:14:40","date_gmt":"2017-05-08T06:14:40","guid":{"rendered":"http:\/\/rockwillsonline.com.my\/rockwills-articles\/?p=70"},"modified":"2017-05-11T06:59:20","modified_gmt":"2017-05-11T06:59:20","slug":"can-i-do-charity-in-my-will","status":"publish","type":"post","link":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/can-i-do-charity-in-my-will\/","title":{"rendered":"Can I do Charity in my Will?"},"content":{"rendered":"

Nowadays, due to the busy life style we are in, many of my clients have asked me if he\/she can mention donations to certain Charities in their Wills. I said \u2018Yes\u2019 and they can do donations in several ways:-<\/p>\n

    \n
  1. The testator may mention a specific or lump sum amount to be donated to a certain named Charity. \u2018I donate RM10, 000.00 to Chi Tzu Merit Society Malaysia\u2019. In this situation, the donation is for once only.<\/li>\n
  2. Some may set up a \u2018Charity Trust Fund\u2019 in the Will. Meaning he\/she allocates a sum said RM100, 000.00 known as \u2018Charity Trust Fund\u2019 in the Will. Instructions is given to the Trustee to donate to Charities named in the Will at a periodic basis using the funds in the \u2018Charity Trust Fund\u2019 until the funds in the \u2018Charity Trust Fund\u2019 is exhausted.<\/li>\n<\/ol>\n

    It is always a good decision to set up a \u2018Charity Trust Fund\u2019 in the Will for donations purposes. This is to separate it from other testamentary trusts in the Will.<\/p>\n

    The funds in the \u2018Charity Trust Fund\u2019 can come from the moneys in the banks, or may instruct the Executor to liquidate some movable assets or immovable properties to convert into cash for the \u2018Charity Trust Fund\u2019.<\/p>\n

    The other way to do Charity is via a trust deed. This can be done by setting up a \u2018foundation\u2019 or a company. The process is more complicated and costly.<\/p>\n

    Doing charity is a Will is a good and wise decision as when we are alive; we always neglect this noble duty due to our busy lifestyle or commitment.<\/p>\n

    To find out how to do charity in a Will or through a Trust, please drop a line to info@rockwillsonline.com.my<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Nowadays, due to the busy life style we are in, many of my clients have asked me if he\/she can mention donations to certain Charities in their Wills. I said \u2018Yes\u2019 and they can do donations in several ways:- The testator may mention a specific or lump sum amount to be donated to a certain named Charity. \u2018I donate RM10, 000.00 to Chi Tzu Merit Society Malaysia\u2019. In this situation, the donation is for once…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-70","post","type-post","status-publish","format-standard","hentry","category-blog-post"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/posts\/70"}],"collection":[{"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/comments?post=70"}],"version-history":[{"count":3,"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/posts\/70\/revisions"}],"predecessor-version":[{"id":78,"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/posts\/70\/revisions\/78"}],"wp:attachment":[{"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/media?parent=70"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/categories?post=70"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rockwillsonline.com.my\/rockwills-articles\/wp-json\/wp\/v2\/tags?post=70"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}