Private Trust Services

• Education / Maintenance Trust

• Insurance Trust

• Executorship / Administration Service

• Asset Protection Trust

Education / Maintenance Trust

A Education / Maintenance Trust is 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.

 

Trust Benefits :

• Assets and monies are properly invested

• The Trustee manages, and administers the Trust Assets independently

• Trust Fund monies are utilized for intended beneficiaries

• The terms of distribution are decided by the Settlor (owner)

Who should set up this Trust:

• Parents of young children and key providers

Insurance Trust

A life assurance policy can be absolutely assigned to Rockwills Trustee and create an Insurance Trust instantly in favor of the spouse and/or children named as beneficiary in the policy. The policy money does not form part of the estate of the assured and consequently no Grant of Probate or Letter Administration is required in making claim when the assured dies. Further more, the money payable under such a policy is protected against creditors subject to Section 52 of the Bankruptcy Act.

Trust Benefits :

• Proceeds of insurance are collected with minimum delay or hassle

• Beneficiaries / children's financial needs will be taken care of by the Trustee

• Balanced of monies are properly managed and held in safe custody

• Trust assets are handed over to your beneficiaries upon their reaching the vesting age as specified in the Trust Deed.

• Controlled distribution of money can be arranged

Who should set up this Trust:

• Any one who has invested in an insurance policy and has dependents.

Executorship & Administration Service

The preparation of a Will ensures that your estate are distributed according to your wishes. Wills written may include appointing Rockwills Trustee as an executor. The Will can make provisions for specific legacies and trust management for the estate.

The Benefits :

• Ensures that distribution will be according to the testator's

• Avoids cumbersome administrative process and delays in distribution

• Protects the dependents from unreliable or unscrupulous persons who may gain control of the estate

Who should set up this Trust:

• Anyone who wants to arrange contingent plans that will work according to their exact instructions

Asset Protection Trust

Trust Benefits :

• Holds assets separate from estate

• Keeps investments free and safe from claimants subject to the conditions in the Bankruptcy Act

• Maintains and provides for needs of beneficiaries

Who should set up this Trust:

• Professionals and businessmen with high risk exposure and are subject to creditors and business risks.

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