Will Writing and Estate Planning

March 21, 2010 You left us!

2010-03-29T06:49:00.000-07:00

"Ya Kok" you left without saying anything that morning.
I was shocked and at that moment I realize life is just too short and no one can control it, no matter you are rich or poor.

You have been working hard to earn a living...now you have shop, a semi-d, big cars..but sad to hear that you didn't get to move in to your new house although it's ready! This is really sad!

Your final journey from your house is the most touching part, even our guy schoolmates were crying for you..I think they also realize life is just too short and most important thing is their drinking gang is getting lesser and lesser.

You are always the humorous among us. You brought laughter and joys to all of us...
This year we didn't get to meet each other during CNY because I have to attend a family dinner.

Your wife shown us your family photos which you took last November...your children are so adorable..you have a sweet family..but these photos have became your family's sweet memories..

You were planning to write your Will but you have procrastinate it..now your wife is having problem with the business funds, all were under your names...
I was scolding myself why I didn't propose to you and ask you to write a Will when we meet the last time...this is my fault..
Now, she has to face everything by herself...business, finance, kids etc...at least if I were to recommend you to write your Will, her business and finance can be solved temporary..
Sorry man!

Good bye my dearest Brother!

2010-01-19T00:06:00.000-08:00

2/1/2010 is suppose a NEW YEAR, a NEW START but to my dearest brother, his journey ended on this day.

My late God brother is a very outstanding car dealer. He was awarded by the car industry a very outstanding award "Golden Salesman", until his last day he is still outstanding.
He has his own company, partner with friends. His business is take cars from those authorise dealers and sell it under his own company, as that he has many friends and work very closely with many car dealers in Temerloh and Mentakab.

His final month in this beautiful world.. he sold 20 over cars, just imaging, i don't know how he handle this. Life is always very pity, he has chest pain before the new year, busy month, because many sales, people changing cars, order new cars, very busy month...he has ignored his chest pain.
Many friends saw him and ask him to go for a medical check, but because he is busy with "good business" he procrastinate this until 1/1/2010, he can't sleep, he feels very uncomfortable, head was very pain.
On 2/1/2010 morning, his decided to see doctor so his wife sends him to hospital, that time he was weak and can't walk far, he was on wheelchair when he reach hospital, so serious until he admitted to hospital.
Sad to say that there were only Trainee doctors around, long weekend, long holiday, there are no Professor around. Not much treatment was done, blood taken, he is on oxygen. At that point of time, he knew he needs to be treated fast but he is not allow to be discharged and send to KL for better treatment, because no Professor to sign the discharge letter. He was laying there with not much treatment and left all of us (who loved him so much) at around 6p.m that evening.

Who to blame? Doctor? The System? The Hospital Management?
We cry...and cry...and cry... but the fact is he will never come back to us..with his homour..his laughter....
Please remind your love one, long weekend, long holiday, don't simply admit to hospital and if no treatment was given in that hospital, please ask to send to better hospital in big town like KL / Kuantan.

Hope my brother "rest in peace".
We will take care your son and your wife.

Loved
Sister

Good offer - Will Writing

2009-11-10T21:15:00.000-08:00

Dear Customers,

Rockwills is giving a very good offer of New Customers.
Please read the appended flyer for more information.
Free consultation call : +6012 6366468

Write a Will when you CAN....For when you CANNOT....It will be TOO LATE!

EPF nomination - Have you nominate?

2009-07-27T22:26:00.000-07:00

Recently Rockwills have received numerous queries regarding an email that has been circulating in cyberspace on the failure of EPF nomination.
According to this email, if you have nominated more than one person and if one of them dies before you, then your entire EPF nomination will be invalidated and if you didn’t make a fresh nomination, then the moneys will go to Amanah Raya.

This is not true. Please read the answer provided by the GM of Public Relations from EPF.
Actually this has already been brought to our attention by the Star Editor.

We have in fact sent our response to him which has been attached below for your reference.
If a member has more than one nominee and one of the nominees dies during the member's lifetime, only the portion that was bequeathed to the deceased nominee will be invalid.
Should the member later dies without updating his nomination, the other nominees will receive their portion accordingly.

Only the portion that was bequeathed to the deceased nominee will be subject to procedures under 'EPF savings without nomination' in which the first priority for the right to claim the member's savings goes to the appointed administrator of the deceased member's estate.

Therefore it is not true that if you, as a member, have named more than one nominee, the entire nomination will be void if one of the nominee dies before you.

It follows however that if you have named only one nominee and he or she dies before you, the nomination will be void unless a new beneficiary is nominated. Please note that you don't have to produce the death certificate of a deceased nominee to change your nomination.

You can change/update your nomination anytime by simply completing a new KWSP 4 (AHL) Form. This will automatically revoke any earlier nomination made.
The information concerning approaching EPF counter within 3 days to avoid EPF savings being 'surrendered to Amanah Raya' if no nomination is made or if nominee dies at the same time as the member is not true.

Depending on the amount of savings in the member's account, if there is no nomination the procedure will be as follows:-

If member's EPF savings are less than RM25,000:
* *Initial sum of RM2,500 will be paid to the next of kin.
* *The balance will be paid after a two-month period from the date of the member's death.

If member's EPF savings are more than RM25,000:
* *Initially a sum of RM2,500 will be paid to the next of kin.
* *The second payment (not more than RM17,500) will be paid to the next of kin after two months from the date of the member's death.
* *The balance of the savings will be paid upon submitting the Letter of Administration/Grant of Probate/Distribution Order/Faraid Certificate from the party that administers estates such as Amanah Raya Berhad or the Court or the Land Office, respectively.

The process to obtain these documents is time-consuming and certain fees will also need to be paid. On the other hand, with nomination, no fees need to be paid. This is precisely why nominating is very important.

You should also ensure that you update your beneficiary whenever there is any major life changes such as marriage, additional new members or the death of a nominated beneficiary.

The explanation above should help you respond to members' queries on this issue.

Please also help us forward this explanation to those who forwarded the email.
Thank you.
Nik Affendi Jaafar
General Manager,
Public Relations, EPF"Proud to be certified MS ISO 9001 : 2000"

EPF nomination is important and yet Will also is equally important as to claim the balance EPF fund you still need Letter of Administration / Grant of probate.

For further information please contact: 012 6366468

It's the Time to Give!

2009-07-24T02:34:00.000-07:00

Receiving this piece of Information, I was so happy that Rockwills has done another round of wonderful contribution to this society.

There are total of 26 Charitable Organisations have already tied up with Rockwills as listed below:

National Autism Society of Malaysia (NASOM)
Women’s Aid Organisation (WAO)
Kiwanis Down Syndrome Foundation (KDSF)
Ti-Ratana Welfare Society Malaysia
Rumah Hope
Pusat Penjagaan Kanak-Kanak Cacat Klang Selangor
Spastic Children’s Association of Selangor & Federal Territory (SCASFT)
World Wide Fund For Nature (WWF)
Rumah Charis
Charis Hospice
Penang Cheshire Home
Handicapped and Mentally Disabled Children Association Johor Bahru, Johor
Kuching Autistic Association
Pertubuhan Ibu-Bapa Kanak-Kanak Keperluan Istimewa Sarawak (PIBAKAT)
Society for the Prevention of Cruelty to Animals (SPCA)
Pertubuhan Kebajikan Kanak-Kanak Khas Negeri Johor
Persatuan Kebajikan Orang-Orang Istimewa
Desa Amal Jireh
Malaysia Mental Health Association
Persatuan Kristian Shuang Fu Untuk Orang-orang Kurang Upaya Kuala Lumpur
Yayasan Kebajikan Psikologi Malaysia
Malaysian AIDS Foundation
Women's Centre for Change
Malaysian Medical Relief Society (MERCY - Malaysia)
Alzheimer's Disease Foundation Malaysia
The Salvation Army

As more and more people become conscious of helping charitable organisations.
If you can't think of anyone to give a way your estate or you would like to donate / charity away part of your estate.

Please refer to the above listed NGO. They are waiting for hope!

“the more you give, the more you shall receive”, (有舍才有得）please continue to support this good cause.

Who is Executor? Why do we need an Executor?

2009-07-05T21:35:00.000-07:00

Executors are vital to the successful effecting of a Will.

An executor is the one appointed to carry out the terms and instructions in your Will, and administer your entire estate until all assets are distributed. The distribution and administration process would depend on the size and values of the estate, the beneficiaries' age.

Sometimes, the executor might be required to also assume the Trustee's role if no other trustee has been appointed and if beneficiaries are not yet ages 18.

Choosing an executor is not an easy task. We can choose up to four execuor. Each of them should ideally possess assest management skills and professionalism - especially if the estate is large. Honesty and reliability are necessary since valuable like jewellery, ornaments and antique will be vested with them until finally distribution. They should also have time to manage the whole process.

Spouse are quite commonly named executor, they may not be in a state of mind to deal with the demanding duties and complex procedures involved if still in grief.

Why not consider a corporate trustee to be either an executor or a substitute executor. Such institutions understand fully the intricacies of a Will, and possess the time and ability to manage, distribute and enhance your estate effeciently. They are also impartial (non-biased to particular persons) and ha continuity. They are thus excellent alternatives to individual executors. They also possess the necessary knowledge and experience with the courts to deal with matters pertaining to a Grant of Probate to ensure the smooth distribution of your estate.

Before the appointment of an executor whether it's individual / corporate), you are advice to get their consent. Especially with individuals, this will ensure that they not only understand the magnitute of the task, but are ready and willing to assume it. This will avoid problems of the executor renouncing the role later on.

Family members should be furnished with the name, address and contact number of the executor so that the person can be contacted immediately when required. This is especially important if the Will contains funeral instructions or matters requiring urgent attention.

Executors are the ones who will ensure whether all your final wishes come true. Therefore, choose then wisely.

For more information, please contact : Candy at 012 6366468
For those who have not write their Will, please start to think about this....

Source: The Sun - 31st March 2000

Where is your Will? Is it Safe?

2009-07-02T23:09:00.001-07:00

Just to share how important is Will Custody.
Here is a video sharing of Rockwills Custody.
If you have not decide where to put your Will / you have forgotten where is your Will !
Take a few minutes to view this video, you will know how safe is Rockwills Custody.

http://www.youtube.com/watch?v=Q11L7yFOjxA

If you are keeping your own Will / it's kept by someone / anyone.
Please reconsider to put it in Rockwills.

For more information, please contact : 012 6366468

Michael Jackson's mom gets kids, estate control for now!

2009-06-29T20:05:00.000-07:00

On Monday, the children, ages 7, 11 and 12, were placed under the temporary guardianship of their paternal grandmother, Katherine Jackson, by a Los Angeles judge.

The biological mother of Jackson's two oldest children, Debbie Rowe, will be invited to a hearing next Monday in which the judge will consider who should have custody of them. She has, so far, not publicly indicated whether she will challenge the Jacksons for custody.

The Jackson family said it has not found a will for the singer, which would leave the division of his estate to the court.

The judge Monday also gave Katherine Jackson temporary control of her son's "tangible personal property."

Source from: http://edition.cnn.com/2009/SHOWBIZ/Music/06/29/michael.jackson/index.html?eref=rss_topstories

Mother's day gift

2009-05-07T21:05:00.001-07:00

Being a mother is one of the highest salaried jobs, since the payment is pure love.

Mildred B. Vermont

Rockwills would like to take this opportunity to wish all mothers out there a Happy Mother’s day and have a great time with your family on this special occasion.

Help HER to write HER Will - Making Her Wishes Come True!!

I Can Write My Own Will

2009-03-24T01:50:00.000-07:00

If you have written yours, is it within the ambit of various laws - such as guardianship, family inheritance, Wills Act and Trust? Your Will may be invalid of it's improperly written and as a resuly may cause hardship to your family. You may save some money now, but is will c your family more to repair the damage later.

How The LAW Affects Your Wealth

2009-03-12T01:01:00.000-07:00

During your lifetime, you would have made and signed many important documents.
Does a Will fall among your many crucial documents?
To pass away without leaving a Will will lead to some catastrophic results. All your assets will be distributed according to the law i.e. the Distribution Act 1958 (as amended 1997).

The Distribution Act 1958 will decide on the apportionment of your assets. Your loved one have no say but to respect the effects of it.

Therefore, without a Will, no provision can be made for your:-

Parent if you are not married
Step-children
Illegtimate children
Aged relatives or others who are dependent upon you

Most people assume that the deceased's estate would automatically vest with his/her spouse and children. Unfortunately, this is only a misconception.

The Law distates that as long as the deceased has surviving parent(s), they will inherit a quarter share of his estate. The other quarter share will go to his/her spouse while the remaining half share will vest with his/her children. Further, if the surviving parent(s) passes on without a Will, their quarter share will then be inherited by the deceased's siblings. Hence, to avoid this draconian measure,it is important that you write a Will and ispose of your assets in accordance with your own wishes.

Furthermore, the following person(s) are entitled in accordance to priority when a person dies intestate without leaving a surviving spouse, child or parent:-

Brothers and sisters
Grandparents
Uncles and aunts
Great grandparents
Great uncles and aunts
Government

You are now aware of the effects of the Distribution Act 1958. Do you think it is a fair distribution and would you allow your estate to be divided in this way? If not, do not procrastinate any further! Wise up and write your Will today with Trust Wills Professional Will-writer who are only a call away! Let the experts visit you and tell you more.

Call Candy Loo at +6012 6366468 now!

RM40 BILLION UNCLAIMED CASH AND ASSETS LEFT BY THE DEAD!

2009-03-11T23:54:00.000-07:00

RM40 BILLION UNCLAIMED CASH AND ASSETS LEFT BY THE DEAD!

HAVE YOU MADE A NOMINATION REGARDING:

Your EPF / Insurance
Your Unit Trust investment / share
Your house(s) / properties
Your antique collection
Your car(s)
Your club memberships
Your jewellery
Your cash / saving

If your answer is NO to any of the above, then you may be adding to the statistics. And to your family's problems.

Your solution is contact;

Candy Loo - Professional Estate Planner to write your Will or set up a Trust.

+6012 6366468

Why a Will is essential?

2009-03-05T00:28:00.000-08:00

Will is an essential document but people often ask why a Will is necessary when there is the Distribution Act 1958. Reasons as follow;

Choice of Executor/Trustee - Testator has right to choose who to administer his estate
Continuity with RWT - When RWT is appointed in the Will as Executor, there is assurance of continuity in estate administration.
No dispute ove administrator - With appointment of executor in the Will, no dispute over who to appoint upon death.
Determine distribution -With a Will, can decide who, how much to get, when and ever defer distribution till beneficiaries reach certain age.
Allocation instead of sharing - Testator can choose a particular assest for each beneficiary.
Faster distribution - Avoids waiting for Letter of Administartion (LA) which can take longer time.
Guarantees not required - With a Will, avoids requirement for 2 sureties to get LA to administer estate.
Appointment of guardian - Testator has right to choose a guardian for his/her children who are minors.
Can take care of non immediate family members - With a Will, can bequeath to non-immediate family members.
Probate less costly - Shorter time means less legal costs.
Can protect minors' future - Testator can set up testamentary trust in the Will to protect the interest of dependants who are minors or disabled.
Prevent estate going to government - With a Will, prevents estate going to government for those without surviving family members.
Can raise emergency money - Trustee can obtain finance on behalf of beneficiary to raise emergency funds.
Can make provision to settle debts - Can allocate specific assests to clear liabilities.
Future acquired & inherited assests - Testator can choose his/her beneficiary for a particular assest which he/she will acquire or inherit in the future.
Can do charity - Testator canmake charitable donations.

Contact for more information;

Professional Will Writer

Candy Loo +6012 6366468

Why we need a Will?

2009-02-24T21:30:00.000-08:00

Without a Will, your assests ould be more troublesome than beneficial to your family at a time when they are mostvulnerle. They could become involved in a long drawn process with the law or a complex legal battle.

Without a Will, the law will decide who your beneficiaries should be. You should never assume that your assests would go to the person you want to benefit. Leave nothing to chance. Make a Will and the law will protect your wishes.

With a Will, you can:

Decide who shall be your beneficiaries
Determine what assest goes to each beneficiary and when they are to receive
Appoint an experienced Executor, such as Rockwills Trustee Bhd to administer your estate
Specify which assest should be used to pay your debts first
Avoid administration bond

What is Will?

2009-02-20T01:06:00.000-08:00

A Will is a legal document where you list down your wishes and these wishes will only be acted upon in your absence / death.

At first I thought why we need a Will? If after I pass on my family members will get all my properties, as long as they are my legal spouse and children. I think many people thinking are like me, especially the elderly group.

Will to many people is a document they need when they think they are going to die soon, so now quickly write down your wishes. Writing Will is a BIG DEAL to many people, have to look for lawyer and pay a lot of money.

It's also a sensitive topic to touch, as many people will think we are cushing them to die faster. Or even people believe that after writing a Will they will die soon.
A lot of wrong believes.

My intention of writing a Will is mainly to protect my family members of course if die who will take care of all my family members and what will happen to all my property?
Will all my property reach my children and spouse safely? No one know and I can't answer this question. That's how I started to find out what is Will and what should we do with it.

Will is not as what I thought earlier and my spouse and children will not AUTOMATICALLY inherit my property, there are many things they need to do and many processes and procedure which even an educated person will think it's very troublesome.

After I have more knowledge about Will, straight away I decide to write a Will, of course with my spouse.
Reason is simple : I want my Love One be protected after I'm gone!