The Need For Document Custody (3)

          Every individual will have one custody number and will get the same custodial service. Therefore, it is not possible for two persons’ Wills to be kept as one just as the husband and wife cannot share the same pair of shoes. Besides, this is our control so that only the appointed executor, upon the testator’s death, has access to the particular Will. Unless duly appointed as the executor, even the spouse has no access to the Will.

          Considering that you will probably live longer than 10 years, the cost for lifetime custody spread on a daily basis is really low. The Will is an important document and it is well worth the money spent. Furthermore, you will get 20% discount on your future rewriting fee.

The Need For Document Custody (2)

          Once your Will is deposited into the Rockwills custody centre, it will be closely monitored, coded with a special vault storage reference number and custody card for controlled access.

          I strongly not recommend anyone to keep Will in a safe deposit box! The problem is that when a person passes away, all the assets including the safe deposit box will be frozen even if it is in joint names. As such, the beneficiaries will need to get a court order in order to open the safe deposit box which incur additional costs and inconvenience. Moreover, there is the problem of loss of privacy and confidentiality. When it is kept in the safe deposit box, the joint account holder will also have access to the Will.

The Need For Document Custody (1)

          The risk of keeping your Will at home is the possibility that it gets misplaced. A Will that cannot be found is as good as no Will. Then there is the risk of damage by water, fire or pests. And the risk of prying eyes and tampering. Many a case has happened where relationships have been damaged because the contents of the Will were read or where the original Will is not found and therefore probate application cannot be made because a close family member has destroyed the Will of the deceased upon discovering that the distribution was not to his/her satisfaction.

How Reliable?

          We, Rockwills franchisee are well-trained and must pass the examinations before we get the license. Rockwills continues professional education both for franchisees and staff. All legal drafting is done by qualified legal personnel. Consultation with external panel of experienced law firms for complex cases. Regular management and audit reviews.

          We are regulated under several Acts, including the Companies Act, the Trustee Act and the Trust Companies Act. Our trustee companies are required to abide by licence conditions with the Companies Commission of Malaysia in the case of Malaysia and with the Monetary Authority of Singapore in the case of Singapore. Our advisory company is required to abide by licence conditions with the Securities Commission of Malaysia.

What Cost?

          What is important is that the Will prepared must be one that represents your intentions where the Estate Planner finds out what is important to you and to understand your concerns. By doing this it will enable us to prepare a Will that represents your intentions rather than a one-size for all cheap template will.

          With many things that are offered online, the main advantage is supposedly convenience and economical. This is true for many type of services but we believe for Will writing, it requires an Estate Planner to understand what you have in mind and your concerns for a will to be prepared to fulfill your intentions. Online will writing would lack such an interaction and it is unlikely to reflect your intentions.