Wealth Integrated Service Sdn Bhd

Fish do it and so can you…

"You know how salmon spawn, right? From the open oceans, they return to the specific river where they were hatched. Not only adjusting from salt water to fresh water, they have to swim upstream against the current, even up waterfalls or rapids. They stop eating as well. Thus, by the time they reach their destination, after laying their eggs, their energy is spent and they lay down exhausted and die.

The grunion fish has to lay its eggs, otherwise these will not hatch. For this, they risk their lives by leaving the water to bury their eggs in the sand about 5 centimetres down. To do this successfully, they wait for the full moon when there is high tide, come ashore riding the waves and then leave through the receding waters. If they fail to leave before the tide withdraws, they die on the shore."

Incredible! But such acts of selflessness for the sake of children are not unique to fishes and other creatures. We human beings often forego our own comforts for the sake of our children.

Chances are you plan for your children’s future. You set aside money for their education. You take out insurance for their sake. You may have written a will to protect them.

But there is one more caring step you may need to consider to make your estate planning complete and this is to set up a Trust for the benefit of your loved ones.

A trust is an instrument whereby ownership of the assets is entrusted to a trustee for the benefit of beneficiaries.

This is useful when you want to give the benefits of an asset or assets to your loved ones but you do not want them to handle the assets. For example, you would not want to give a sizeable sum to your young child, even if he reaches legal maturity at 18, and run the risk of the money being squandered away.

A trust can be created as a living trust (inter vivos trust) or by a Declaration of Trust – 

What Is A Declaration Of Trust ?

Declaration of Trust that is simple, flexible and powerful providing for your loved ones and securing their financial well-being. It is set up by you as trustee with Rockwills Trustee as your back up trustee. By doing this, you do not have to transfer the asset/property.  The asset will remain in your name and only upon death (or trigger event) the name asset will transfer immediately to back up trustee (which refer to Rockwills) for further action.  So, this allow probate avoidance and no delay for our beneficiary to enjoy the trust asset.

How To Set Up Declaration of Trust :