Declaration of Trust

A declaration of trust is a trust deed created by trustees. The Settlor is one of the trustees.

This type of wealth distribution tool, enables fast distribution of the estate to beneficiaries.

A death certificate is not required for distribution of the assets, depending on the event trigger stated in the Trust Deed.

In today’s world, many things can happen. People go missing, sudden death, going into a coma for a long period of time, becoming totally disabled, getting dementia and being forgetful for example. The Declaration of Trust enables you to unlock the value of your assets for your loved ones to use for you and yourself.

A Declaration of Trust enables loved ones to use the assets if any of these events occur and these events are stated in the Trust Deed.

In Rockwills Malaysia Declaration of Trust, the Settlor is the Trustee, and the backup Trustee is Rockwills. The Beneficiaries are the Settlor-Trustee and their loved ones.

The Settlor-Trustee holds the trust assets. Rockwills Trustee is given the power of attorney by the Settlor-Trustee.

Rockwills Trustee becomes the Trustee when the event specified in the Trust occurs. Rockwills then manages the Trust based on the Trust Deed instructions.

A Declaration of Trust is slightly cheaper to setup than a Private Trust. However, a Private Trust can immediately be managed by the Trustees without much challenges, as the Settlor is still alive and capable, of sound mind and available to answer any challenges.

• You need the help of a Professional Estate Planner.
• The estate planner needs to have a team of people who can support the different types of Estate complexity for your Trust Deed requirements.
• This estate support team should include specialist lawyers, accountants, tax and finance and company secretaries.
• Rockwills franchisees are professional estate planners, with in-depth training in estate planning, Rockwills estate planning processes and support services.