KUALA LUMPUR: Rockwills International Group recorded its best result yet in the first quarter of 2023 with the highest number of wills written in its 28-year history for the month of March 2023 with over 3,000 wills recorded (100 per day).
On a year-to-year basis, the region’s largest will writing and estate planning group reported a 35 per cent surge in the number of wills written.
Group chief executive officer Azhar Iskandar Hew attributed the group’s continued strong performance to being more prodded into action upon greater awareness and the realisation of the importance of estate planning. “It’s crucial for an individual’s overall wealth management and financial planning.
“The current challenge for the estate planning industry is not so much educating the public on the need of a will or trust as essential in estate planning but addressing the public’s tendency to procrastinate,” said Azhar. Azhar said the COVID-19 pandemic did help to impress on the fragility of life and in the process, spurred more to act and plan ahead to safeguard the future of their loved ones.
The company’s foresight to roll out expansion initiatives like setting up more branches in the country and collaborating with associates abroad, positioned it well to be able to benefit from this increased awareness of the public.
The partnership in estate planning with various legal and estate planning firms saw Rockwills being able to support the needs for comprehensive estate plans for Malaysian businessmen whose cross border business and investments extend to countries like China, India, Vietnam, Singapore, Australia, New Zealand, the United Kingdom and the United States.
“It is extremely important for Malaysians with foreign investments and properties to have a foreign will prepared by experts on the ground to ensure compliance with the local laws for speedy execution of their probate,” said Azhar.
Rockwills has written more than 300,000 wills since 1995 (28 years ago) and they will continue to push the envelope for innovation such as including digital assets and pets in wills and trusts. – BERNAMA
