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What are the Executor duties? PDF Print E-mail

Executor to locate the Will and apply for Grant of probate in Court.

Executor to arrange for the funeral arrangements if necessary, and if the funeral arrangements have been done, your family members can seek for reimbursement from the Executor.

Executor to locate and check all your Assets then identifies the Assets.

Executor then checks with financial institution and government departments to determine the actual value of your estate.

Once the Probate granted, executor shall collect all the assets and provide valid receipts of all payments of debts due to testator’s estate.

Executor will receive all your Estate’s properties and assets. He then responsible to administer and distribute the Estate according to Will’s instruction.

Executor to pay off your funeral expenses, debts, liabilities, administration expenses before distributing the Estate to your beneficiaries.

If your Estate is high in value, executor shall advertise in the Government Gazette or leading newspaper for a certain period of time (not less than 2 months) for creditors to submit claims if any.

Executor to continue managing your assets such as paying quit rent, utility bills, assessment fees, insurance policies for properties and vehicles, collecting income from rental, investment and business. If there is income tax chargeable from income received (investment income, dividends, rental income), executor need to do payment of income tax.

If there are debts owing to the deceased, Executor to collect and recover debts outstanding.

Executor shall appoint Trustees for the administration of properties to a Trust Corporation or at least 2 individuals if there are minor’s properties involved.

Executor to prepare a statement of account for your Estate to all the Legal Beneficiaries.

 

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