Wealth Management

Wealth management is a high-level professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning for one set fee. Clients work with a single wealth manager who coordinates input from financial experts and can include coordinating advice from the client's own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities

Wealth Distribution

To plan and arrange a person's assets and liabilities during lifetime for next generation when the person is passed away.
Estate can be distributed by the channel of Will, Trust and Insurance Trust. The main objectives is to deliver and pass your legacy as your wish at the shortest time period.
We do provide professional advise on Conventional Estate Planning and Islamic Estate Planning. Make an appointment with our professional Estate Planner to know more

WLG Services

  • Wills Writing
  • Trustee Services
  • Insurances

  • WLG

    Rockwills

    WILLS WRITING

    Rockwills the first in Malaysia using a unique comprehensive Will writing system. This is one of the core services provided by the Company which offers value for money in a comprehensive written Will. A well written and personalised Will undoubtedly can represent the clear expressed intentions of the Testator. The Will is written in English in order to facilitate the process of applying for Grant of Probate in the future.


    TRUSTEE SERVICES

    Trust is an important tool in the distribution of your wealth and asset protection to guarantee your loved ones are the beneficiaries the way you wish it to be.

    Setting up a trust also keeps your assets safe from claimants and that remains in total confidentiality to other unintended parties.

    Your main BENEFITS:

  • Your assets held on Trust are not frozen upon your demise – your loved ones have immediate cash flow and not subject to a legal process before distribution can be made
  • Your assets are not subjected to Probate/Letters of Administration – this gives you and your beneficiaries security and peace of mind.
  • You decide the beneficiary of your choice
  • You protect your assets from the reach of creditors
  • Other flexible and personalised instructions can be included

  • BUSINESS VALUE PROTECTION TRUST

    In every business, operations are usually smooth until one co-owner passes on or wants to exit. When this happens, how can one maintain balance and continuity while exiting at a fair value?

    “I need to find an exit for my shares when I am not around.”

    A well-constructed plan is essential to protect the value of the business and provide cash for the family in the event there is a major disruption in the business due to a co-owner’s death, disability, retirement or serious major illness or any other event that jeopardizes the continuity of the business.

    Ask yourself :-

  • If a co-owner dies today, can you work with his family to run the business?
  • Will the co-owner’s family members know how to run the business with you?
  • Can they work well with you?
  • Would your beneficiaries be able to get a fair price if they wanted to sell the shares?
  • Do you have the funds to buy out the deceased co-owner’s shares/interests from the family members when there is no pre-agreed price in a written agreement?
  • Can the shares/interests you are purchasing be transferred quickly to you?

  • PROBLEMS WITHOUT BUSINESS PROTECTION PLAN

    Often these are:-

  • A new partnership is created due to the inheritance of the shares/interest by inexperienced heirs. Chances are this new partnership may fail.
  • There is no pre-agreed price for any sale to take place when the heirs decide to sell to the other co-owners. As a result, it may take years to settle a transaction price.
  • Some of the unqualified heirs may insist on being directors of the company and be active in running the business. This may lead to serious disruptions and disputes within management.
  • It is possible that the co-owners may decide to abandon the business and start their own due to disputes with the heirs.
  • Where inexperienced heirs get involved in the business, there tends to be loss of profits and uncertainty about the business future success.

  • THE SOLUTION – UBIZ: BUSINESS VALUE PROTECTION TRUST
    Our UBiz ensures a smooth transition of the business to the other co-owner(s) and the value of your share of the business is protected against an event such as:-

  • Death
  • Incapacity
  • Ill health
  • Retirement
  • Disappearance for an agreed period

  • Our UBiz consists of:-
  • A Buy-Sell or Cross Option Agreement: covering the terms of the sale and purchase including the agreed value or formula, events triggering a sale, funding and mode of payment.
  • Power of Attorney: authorizing us, Rockwills Trustee, to transfer the shares/interests to the other co-owner(s) upon the occurrence of the agreed events that trigger a sale.
  • Trust Deed by the co-owners: instructions to Rockwills Trustee regarding the periodical distribution of the sale proceeds to prevent these being misspent by the beneficiaries.
  • Life insurance policy: as the main funding mechanism to purchase the shares/interest of the outgoing co-owner.

  • ADVANTAGES OF UBIZ

  • Guarantees the sale of shares/interest at a full and fair value that was agreed by co-owners.
  • Prevents inexperienced and unqualified heirs from being involved in the business or the selling of the deceased’s shares to outsiders.
  • Smooth transfer of ownership to the co-owners is ensured by the Trustee.
  • By using life insurance, the purchase of the shares/interest becomes very affordable, minimizing the need to borrow or strain family finances for the purchase. More importantly, it ensures that the other co-owner(s) have the necessary funds to pay for the shares/interest.
  • Rockwills Trustee acts as the Trustee for UBiz protecting the interests of your beneficiaries and that of the co-owners.
  • Shares/interests are easily converted to cash.

  • EXECUTORSHIP & ESTATE ADMINISTRATION

    Planning for your loved ones is good but if the distribution gets stuck, then it poses more problems to them. Appoint Alston Lau Group to ensure smooth distribution of your estate to your loved ones.

    “It is hard to trust anyone to look after my assets when I am not around.”

    When you wish to write your Will, the key questions to ask are:

  • Who will get what and how best to provide for your beneficiaries?
  • Who do you appoint as Executor and is that person qualified to be the executor of your estate?
  • Can you trust this person with everything you have and will he/she be always there for your beneficiaries?
  • Understandably, you may want to appoint someone close to you as the executor. However, selecting an individual to manage your estate may do more harm than good, apart from the risk of loss from misuse or mismanagement. The executor will be required to deal with various tedious and time consuming legal, taxation, accounting and administrative matters beginning with the application for probate, attending court hearings, preparing reports, etc. until the distribution according to the instructions in the Will. The process can get very complicated.


    TRUST FOR SPECIFIC PURPOSE

    Many people have many different needs. These can be easily solved by setting up a special specific purpose trust to protect their assets and loved ones as listed below.

    “I want to provide for my family in their time of need when I am no longer able to”

    OBJECTIVES

  • You wish to create a fund to take care of a certain person for example, a distant relative who took care of you when you were young.
  • You wish to free your family members from the burden of paying your outstanding loans and liabilities e.g housing loans.
  • You wish to ensure that upon your demise, the needs of your family are well taken care of while waiting for Probate or Letter of Administration to unfreeze your assets.
  • You want to establish a fund for various purposes such as education, medical assistance, maintenance and even for purposes of charity, and also for different categories of beneficiaries for example, family members, special needs children, future generations and relatives.

  • THE SOLUTION

    Create a Private Purpose Trust with us where you can set up a fund which can cater for the above situations for your loved ones.

    How a Private Purpose Trust Helps You

  • You can create a fund for any Beneficiary which is not limited to family members only.
  • It is fast and convenient. The assets in the Private Purpose Trust do not form part of your estate and are not frozen upon your demise. It can be used immediately to settle your liabilities without burdening your loved ones.
  • It can even be used to finance the application for Probate or Letter of Administration without requiring your family members to borrow or pay from their own funds.
  • You can plan for multiple level of beneficiaries and also for multiple purposes.

  • INSURANCE TRUST

    You have bought insurance to protect against loss of income but who can you trust to protect your insurance money? Can your young beneficiaries manage such a large sum of money?


    COMPREHENSIVE ESTATE PLANNING ADVISORY SERVICES

    Mr. Tan was a successful businessman and held stakes in various businesses and properties. For various reasons, he used several nominees to hold his assets. He was receiving a good monthly income, in excess of RM30,000 through these nominees. It was estimated that the value of his investments amounted to RM10 million.

    Unfortunately, Mr. Tan died at the young age of 42 leaving behind his wife, a 17 year old son and a 15 year old daughter. Mrs. Tan soon found out that all her husband’s bank accounts were frozen and the monthly income stream from his nominees had stopped. Since Mrs. Tan is a homemaker, she does not have any idea on how to run her husband’s businesses. Due to the time taken for the estate administration process, she had to borrow from her friends and relatives to pay for her family’s monthly expenses. Because of lack of funds for the older child’s university education, she was later forced to sell her husband’ shares in the business at a steeply discounted price of RM2 million.

    During Mr. Tan’s lifetime, he verbally told his wife that if he were to pass on, he wanted to allocate sufficient funds to pay for both his children’s maintenance and education expenses. He also told her that he was very confident that his business partners would be honourable enough to buy over his shares at fair value upon his demise. However, no action was taken to formalise his wishes and instructions and unfortunately his partners failed to honour their word. Thus, due to lack of proper planning, Mr. Tan’s family was deprived of the monthly income stream and capital funds of RM8 million.

    The tragedy can be avoided if Mr. Tan had followed and executed a professionally constructed estate plan during his lifetime. A comprehensive estate plan should include the following features:

  • Proper disposition of assets including cancellation of liabilities and protection from creditors
  • Shorten undesirable long legal process
  • Ensuring effective execution and avoiding disputes
  • Providing sufficient funds for sustenance of family and dependants and in case of incapacity
  • Strategies to maintain liquidity and tax efficiency
  • Maintaining control through properly structured trusts, prevent squandering and providing incentives
  • Appointing a licensed professional trust corporation as personal representative to ensure efficient and impartial execution
  • Preserving confidentiality of specific shareholdings
  • Protecting the value of business through setting up proper business succession planning
  • rotecting and preserving wealth through the use of special purpose vehicles or instruments over multiple generations if desired

  • Rockwills

    UBB Amanah Berhad

  • Cash Trust

  • UBB CASH TRUST is a trust established by you where you place a sum of cash in a trust that can be made available to your named beneficiaries in the event of an emergency. It provides swift cash for expenses during emergencies and to tide your family over until the insurance payout and access to your money in your bank accounts or execution of will.


    ubb

    Pacific Trustee

  • Private Trust

  • A private trust is a trust where the beneficiary (the person or entity which receives the equitable title in the property) is private and non-charitable. Thus, this is opposed to a charitable trust, which has charitable beneficiaries. The distinction between private trusts and charitable trusts, while obvious, is necessary because there are certain requirements and conditions which apply to one but not the other. Private Trusteeship are set up for the maintenance, education and benefit of children and grandchildren. The main aim is to provide for the day-to-day needs of the beneficiaries and for the payment of their educational costs.


    pacific

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