DISCOVER the Road to Financial FREEDOM!

With rocketing cost of living and inflation, raising children and teens these days is not easy affair anymore.

We are constantly facing new challenges, changes and circumstances in our lives. Modern sicknesses have also caused many people to die young. And it is alarming that that the divorce rate in Malaysia has increased over the year.

As a single parent, raising children become one of the hardest jobs in the world. It is not as easy as everyone imagines. As a single parent, you are the only person your child’s future depends on financially.

Divorce Statistics in Malaysia

· In 2002, for every 9.6 marriages registered, there was one (1) divorce. 

· In 2009, for every 6.1 marriages, there was one (1) divorce.

· While marriages increased by 21% (153,318 to 199,586) from 2002 to 2009, divorces increased by as much as 105% (16,013 to 32,763) during the same period. 

· The National Population and Family Development Board Malaysia counsels 700 to 800 troubled couples a year.

· The National Registration Department registered 2,706 divorces among non-Muslims in 2002, which subsequently climbed to 5,647 in 2009.

· Between 2006 and 2009, the divorce rates mostly stagnated at about 5,000 a year. However, seven months into 2010, there were already 7,428 divorce cases registered, way higher than years before.

Who will take care of their financial future if you’re not around to care for them? Nobody likes to think about it but accident and serious illness do happen. What if we die or become incapacitated while our children are still young? What happen to the children’s education, maintenance and healthcare when there is no one to take care of their welfare?

All the above concern can be overcome by setting a Single Parent Trust. It is one of the effective financial tools to ensure that children get what is bequeathed to them. This tool is very suitable for single parent who are divorced or widowed. The single parent can be assured that their child will be taken care of when they are not around anymore. In the trust, you have the flexibility and ability to customize the terms to suit your needs and concerns as a parent such as planning periodical payments to take care of child’s education, maintenance, healthcare etc.

Do you know that the  Teoh Beng Hock Trust Fund was set up on 2009 for the dead political aide’s only son, Teoh Er Jia, stands at close to half a million ringgit today and is still growing. According to Serdang MP and DAP member, Teo Nie Ching, the trust was created mainly to fund the child’s education in the future, especially when  he wants to attend university.

You do not have to worry about the children financial future, and what will happen to them if you’re not around to care for them by creating a Single Parent Trust. Never let other people to decide who raises your children and how they are taken care of. It is always better to be proactive as these few little steps will have a big difference and positively impact your children’s lives. One of the easy and great ways to create a huge fund for a Single Parent Trust is by buying a life insurance.

The process of setting a Single Parent Trust can be a daunting task. The good news is that you don’t have to do it alone, because everyone is able to setup a Single Parent Trust as it’s not expensive to set up. Today, it is now easily made available by Rockwills Trustee , a licensed Trust Company.

An experienced Rockwills estate planner that specializes in estate planning can help guide you through the steps required to establish the Single Parent Trust. They can also help you explore other estate planning options better suited to your situation. For a FREE Consultation, call 03-77811993 or visit http://www.rockwills.com