Rockwills International Group is continuing its growth trajectory, recording its best results yet in the 1st quarter of 2023 with the highest number of wills written in its 28-year history for the month of March 2023. Over 3,000 wills were recorded in March, an average of 100 per day.
On a year-to-year basis, the region’s largest will writing and estate planning group reported a 35% surge in the number of wills written.
Group CEO, Azhar Iskandar Hew, attributed the Group’s continued strong performance to more being prodded into action upon greater awareness and the realisation of the importance of estate planning, which is crucial for an individual’s overall wealth management and financial planning.
“The current challenge for the estate planning industry is not so much educating the public on the need of a Will or Trust as essential in estate planning but addressing the public’s tendency to procrastinate,” said Azhar.
“The Covid-19 pandemic did help to impress on the fragility of life and in the process, spurred more to act and plan ahead to safeguard the future of their loved ones.”
Azhar added that Rockwills’ foresight to roll out expansion initiatives like setting up more branches in the country and collaborating with associates abroad, positioned it well to be able to benefit from this increased awareness of the public.
The partnership in estate planning with various legal and estate planning firms saw Rockwills being able to support the needs for comprehensive estate plans for Malaysian businessmen whose cross border business and investments extend to countries like China, India, Vietnam, Singapore, Australia, New Zealand, the United Kingdom, and the United States.
“Overseas investments bring a different set of challenges. It is extremely important for Malaysians with foreign investments and properties to have a foreign Will prepared by experts on the ground to ensure compliance of the local laws for speedy execution of their probate,” explained Azhar.
Looking ahead, Azhar said Rockwills will continue to focus on its education initiatives which has resulted in the awareness of estate planning transition from the old age-band to the younger-age group.
Also catering for the needs of the younger individuals, Rockwills will continue to push the envelope for innovation such as including digital assets and pets in wills and trusts.
