Declaration of Trust is an important, flexible and powerful instrument that providing for yourself and your beneficiaries. It is not subject to the Grant of Probate or Letters of Administration as the trust assets are not the Settlor’s estate. It can be revoked and the contents can be amended anytime during the lifetime of the Settlor.

A Declaration of Trust is an estate planning tool that compliments a Will where the owner of the assets (Settlor) will create a trust deed by declaring that he declares himself as a Main Trustee and holding the trust assets for himself and/or any others beneficiaries named in the trust deed. He also appoints Rockwills Trustee Berhad as the Substitute Trustee in the trust deed. This will make sure the trust assets will be distributed to the beneficiaries without any delay when one of the triggering events below occurs.

  • Death
  • Total Permanent Disability (TPD)
  • Critical Illness
  • Mental Disability
  • Comatose
  • Resignation as Trustee
  • Missing for a period to be stated in the trust

Under Declaration of Trust, you can appoint a Protector acts as a watchdog and advisor to the Trustee so that the beneficiaries’ interests are protected. As a professional and experienced Trustee, Rockwills Trustee Berhad will ensure your instructions in the trust deed are carried out accordingly.

How to set up Declaration of Trust?


What assets can be used for the Declaration of Trust?

Any asset in West Malaysia, whether encumbered or not, such as your residential property, unit trust / mutual fund investments, shares of private companies, moneys in your bank account(s), can form part of the Declaration of Trust.