Demand For Trusts Rises In Malaysia

At the official opening of the new expanded office were : (left to right) Tan Mei Yin, CEO of Rockwills Corporation Sdn Bhd; Michael Lim, Group Chief Operating Officer of Rockwills International Berhad; Azhar Iskandar Hew, Group Chief Executive Officer of Rockwills International Berhad; Johari Low, Group Chairman of Rockwills International Berhad; Dato Andy Low, Rockwills International Berhad Board Advisor and Lee Shet Mei, CEO of Rockwills Trustee Berhad

Rockwills International Group said it has written over 18,000 Wills, bringing the total number of Wills penned from 2020 to 2023 to 71,000—which is an impressive 25% increase compared to the previous three-year period ending in 2019.

Since introducing its Trust services in 2006, the company said it has maintained steady demand, managing more than 18,000 Trusts, with over 11,000 established between 2015 and 2023. The rise in demand is attributed to heightened awareness among young parents, business owners, and individuals with specific needs regarding the benefits of Trusts over Wills in estate planning.

“Trusts offer immediate asset distribution advantages compared to Wills, which require probate upon death. This flexibility extends to situations like coma, disability, or prolonged absence,” explained Azhar Iskandar Hew, Group CEO of Rockwills International Berhad.

Azhar highlighted that Trusts provide ongoing estate management benefits across generations, consolidating family business ownership to prevent fragmentation, loss of control, or disputes.

“While Wills remain popular for their simplicity and flexibility in updates, combining both Wills and Trusts is becoming a preferred choice for comprehensive estate planning,” Azhar added.

Rockwills’ said its expansion to Plaza Armada and recent branch openings in Ipoh and Kuantan reflect its commitment to meeting customer needs nationwide. The company plans further expansions to enhance accessibility and service delivery.

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