Want to ask anyone has any experience with trustee like Cimb trustee, RhB Trustee, prefer bank backed trustee (aside from rockwill) for their will services?

What do they need, what their charges like, what will they need or ask when drating a will? Are dealings through agent or direct with the bank.

If my asset is RM 1 mil, means the charges is RM 18k. What is the frequency of the payment and what are the services included in this fee?

Also, I prefer bank backed trustee.

yeah I saw you response but i don't want to commit to anything yet until i know a bit more.

Lol i c what u did there.

Tbh, i prefer bank back trustee instead of lawyers or third party. Before i approach the bank, i want to have some insight on how they work or client exp. If the charges r too high, i probably will stop my enquiry in this thread.

All i want to ensure thay, if anything happens to me, i dont want bank officers be giving excuses or delaying disbursement.

How exhorbitant?

Personally, i experienced at work and other relatives, lawyers a lot of problem when comes to execution. Document incomplete, fraud and so on... i am a bit weary. So yeah i am exploring avenues.

Say when Rhb Trustee serve notice, i ever see monies disbursed within a week. That also because they a bit slow in submittin redemption form.

Lawyers, ask for authrotiy letter, indemnity n undertaking and a shitload of other red tape.

That's different level already. I am comfortable, where i am but not that rich to afford a trust fund.

I just want to know, in case a life event happens, my family got access to my funds efficiently.

Also, i want an established executor, wont perish, abscond, go out of biz over time (seen too many). Nowadays, even go layer commit sucide, just to tell you how bad biz is.

So yeah... planning ahead.

Also, i dont wan to be serviced by intermediaries. Really annoying and i have to pay them a cut.

Tell me more 🤔...

You got any banks or contacts that i can go poke on?

Smells very private bankingish...

Ok that's some heavy lifting going on there...

Btw, assuming if a person passed away, does the estate still need to pay alimony?

Thanks for the heads up, never heard of Pacific Trustee though but their board members are quite an interesting mix...😗

Aside from thay, how did you find Pacific Trustee?

How's the servicing?

Any indication as to fee payable per annum, i tried looking for the fee section but didnt see any.