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Special Needs Trust (UCareJunior)I want my special needs child to be provided for when I am gone…
PLANNING AHEAD Planning ahead for your child is never easy, more so when you are not around. It is even more difficult if your child is a special child or disabled or suffering from a major illness. How can you ensure that your child will be taken care of when you are not around? When planning, you may wish to consider the few points below:-
UCare Junior Be empowered with UCare Junior, a special service by Rockwills Trustee Berhad where you can plan ahead for your special child for health, maintenance and education. By spelling out your requirements in the trust deed, you will have the assurance that your instructions will be carried out. How It Works? Just identify what assets you wish to include in the Trust, be it insurance policies, cash or properties. Decide how the benefits of the Trust are going to be given to your child and this will cover terms such as period of the Trust, how the assets are to be managed, how the income from the Trust is to be utilized, method of payment, commencement of payment. A Trust Deed is then signed between you as the donor and Rockwills Trustee Berhad as trustee and the designated assets are transferred to the Trust. Upon the happening of an event, for example your demise, the Trust Fund will be utilized for the child according to your instructions. BENEFITS OF UCARE JUNIOR
Reminder :
Before setting up a Trust, you need to be aware of anti-money laundering regulations. Click HERE for more details. |
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