Fees For Estate Administration

ROCKWILLS TRUSTEE BERHAD(708932-T)                                           (Effective 1 April 2013)

(An memberof Rockwills International Group of Companies)

 

(I) ESTATE ADMINISTRATION FEES SCHEDULE (GST Reg. No. 000819351552)

 

  1. A) EXECUTOR/ADMINISTRATOR APPOINTMENT FEE

 

 

First Time Appointment

 

Re-Appointment

 

WITH PURCHASE OF UPREPARE PACKAGE

RM120.00 Free Free  –  Sole or First Substitute Appointment

 

  1. B) EXECUTOR / ADMINISTRATOR ADMINISTRATION FEE – (After receiving The GP OR LA)

 

 

GROSS ESTATE VALUE

 

CHARGEABLE RATE OF FEES

 

 

 

Annual

Executorship Fee

 

First RM1 million

 

1.8% (subject to minimum of RM5,000)*

 

For the next RM9 million

 

1.00%

 

For the remaining value exceeding RM10 million

 

0.5%

Gross Estate Value:- includes both movable and immovable assets. It is total value of a person’s assets before deducting liabilities

(such as debts and taxes).

 

*  Rockwills’ executor administration fees are charged upon extraction of GP or LA, normally the fees are usually pro-rated

 

  1. C) TRUSTEE’S ANNUAL ESTATE ADMINISTRATION FEE

(When There Is Testamentary Trust in the Will or Beneficiary Is Minor )

 

MOVABLE  ASSETS
 

 

 

Annual

Administration Fee

 

First RM1 million

0.75%

(subject to minimum of RM2,000)

For the next RM9 million 0.50%
For the remaining value exceeding RM10 million 0.25%

 

IMMOVABLE ASSETS (INCOME BEARING)

 

Annual Administration Fee                                                          1% or RM6,000 per title/lot, whichever is lower

 

IMMOVABLE ASSETS (NON-INCOME BEARING)

 

Annual Administration Fee                                                           RM2,000 per title/lot

 

 

(II) UPREPARE PACKAGE – ESTATE ADMINISTRATION SERVICES PACKAGE

TYPE OF PACKAGE                                      UPrepare Diamond                               UPrepare Jade 2

 

Subscription Fee (Price)                                                                 RM1,800                         RM1,200

 

 

 

 

Refund of UPrepare Subscription Fee

Subscription fee of UPREPARE  will be

Refunded when the estate admin. fee charged for the first year is above RM6,000

 

Not Applicable

 

 

 

 

Executor Appointment Fee

*WAIVED  for  sole  Executor  &  1st  Substitute  Executor  Appointment  provided

UPrepare is paid  within 90 days from the date of the Will.

*RM120 payable for 2nd or 3rd Substitute Executor Appointment.

 

 

 

 

Discount on Annual Estate Administration Fees

Gross value above RM500,000 to RM10 million – 15%

 

Gross value above RM10 million  – 30%

 

 

 

Private Trust Administration Discount

(includes Testamentary Trust)

20%

(Where Trust Fund size is above RM100,000)

 

 

Transferable to Living Person                                                      Yes  (with a RM100 transfer fee charged)

 

(III) PRIVATE TRUST/LIVING TRUST

 

  1. A) PRIVATE TRUST SET-UP FEES

 

 

TYPE OF TRUST / SERVICE

 

TRUST SET-UP FEE (ONE TIME FEE)

a) Insurance Trust (UProctect)  

 

RM1,000 to RM18,000 (Based on number of clauses)

Below 15 clauses – RM1,000

 

15 to 20 clauses – RM1,500

 

21 to 25 clauses – RM2,000

 

26 to 30 clauses – RM2,500

 

31 to 35 clauses – RM3,000

 

36 clauses & above – RM3,500 to RM18,000

b) Declaration of Trust (Udeclare)
c) Single Parent Trust (UProvide)
d) Investment Trust (Uinvest)
e) Charitable Trust (UGive)
f) Special Needs Trust (UCare)
g) Property Protection Trust (UProperty)
h) Cash Trust (UCash)
i) Estate Advancement Trust (UAdvance) RM550
j) 3G Family Biz Trust (UPlan) RM8,050
k) S. 166 Nomination Trust (UNominate) RM188 per policy
j) Business Value Protection Trust Services (UBiz) RM4,800 – RM11,400 ***

*** Includes Buy-Sell Agreement, PA, Trust Deed & Cross Option Agreement

 

  1. B) PRIVATE TRUST – TRUSTEE’S ANNUAL ADMINISTRATION FEES

 

(i) MOVABLE ASSETS (Except for company shares mentioned in Item (B) below)
 

 

 

Annual Administration Fee

 

First RM1 million

0.75%

(subject to minimum of RM2,000)

For the next RM9 million 0.50%
For the remaining value exceeding RM10 million 0.25%
(ii) HOLDING OF COMPANY SHARES (LISTED / UNLISTED)
Annual Administration Fee Mininum of RM8,000 (For 3 Companies)
(iii) IMMEDIATE DISTRIBUTION OF COMPANY SHARES
Administration Fee RM2,000
(iv) IMMMOVABLE ASSETS (INCOME BEARING)
Annual Administration Fee 1% or RM6,000 per title/lot
(v) IMMOVABLE ASSETS (NON-INCOME  BEARING)
Annual Administration Fee RM2,000 per title/lot

 

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