UPrepare

What Is UPrepare?

UPrepare is an Estate Administration Services Package offered by Rockwills Trustee Berhad to save estate administration cost and speed up the distribution process.
There are many matters to be settled by an executor before distribution. These include collecting all immovable and movable assets [including bank accounts, vehicles, shares in companies, unit trusts, house etc]; settling the debts of the deceased [including income tax and loans]; and applying for grant of probate and submission of the relevant documents to the High Court; dealing with government authorities and financial institutions.
Appoint us as your executor and buy our UPrepare packages and your family members are saved from all the above inconveniences!

Unique Features of UPrepare:

Enjoy today’s estate administration rates and hedge against inflation so that your estate is not affected by future rates increase;
Enjoy preferential rates through our strategic alliances with professionals such as lawyers, tax consultants, fund managers, accountants and property agents;
All the benefits of UPrepare are transferable to any person during your lifetime for a transfer fee of RM100 only;
Nationwide access to our Rockwills Estate Planners;
Prevent unnecessary delays to distribute the estate to you loved ones;
Making the necessary arrangements for legal representation to apply for Grant of Probate;
Professional support from experienced and practical professionals within Rockwills Trustee.

UPrepare Types & Benefits

There are two types of UPrepare i.e. UPrepare Diamond and UPrepare Jade 2. Each provides different benefits:

Area	UPrepare Jade 2	UPrepare Diamond
Price	RM 1,200	RM 1,800
Refund of UPrepare Subscription Fee	Not Applicable	Subscription fee of UPrepare will be refunded when estate administration fee charged for the first year is above RM6,000
Executor Appointment Fee	Waived for Sole Executor appointment; or 1st Substitute Executor appoinment provided UPrepare is subscribed within 90 days from the date of Will RM120 is payable for Second or Third Substitute Executor Appoinment
Estate Administration Fee Discount	Gross estate value above RM500,000 to RM10 million: 15% Gross estate value above RM10 million: 30%
Period of Fixed Estate Administration Rates	Perpetual
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)

* Please see our Rockwills Estate Planners for administration discount rates.

In the process of estate administration, the role of executor is very important. Do not know who to appoint as executor? Refer to the table below on pros & cons of appointing different individuals as your executor.

Executor Issue	Individual	Lawyer	Trustee Company	Bank- owned	Non-bank owned	RWT (Licensed Trustee Company)
Continuity in executor role	X-illness, incapacity, senility, death	See individual	√	√	√	√
Continuity in business	–	May give up business	?	? – some banks stopped	? – some discontinued	√
Completency	? – competent may not be experienced	See individual	?	?	?	√
Experience	?	“	?	?	?	√
Commitment	?	√	?	?	?	√
Confidentiality	?	√	√	√	√	√
Security – safe from loss or damage?	?	See individual	?	?	?	√
Traceability – for asset discovery, rent recovery, etc	?	“	√	√	√	√
Accountability – accounting and tax	?	“	√	√	√	√
Internal controls – to minimize fraud and errors?	?	“	?	?	?	See our corporate governance structure
Cost – expensive?	Allowed under law to charge up to 5 %	“	Ranges from 1.5% to 1.4%	1.5% to 1.4%	1.5% to 2%	See table 0.5 to 1.8%
Speed?	?	“	?	?	?	Internal monitoring to minimize delay
Heart – not caring enough?	?	“	?	?	?	Many instances of extra mile
Financial safety – assets kept separate from own?	?	“	√	√	√	√
Financial safety – what if bankrupt?	?	“	?	Banks may also fail. Trust assets go to another licensed trust company.	Trust assets go to another licensed trust company.	18 years, strong balance sheet, strong shareholders, trust assets go to another licensed trust company.
Comprehensive?	x	x	?	x	x	√ Will, custody, trustee services, trust/ estate administration, bereavement care, offshore services & estate planning advice.

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UPrepare

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