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Letter of Administration
Letter of Administration
How We
Can Help
What happens when someone in the family dies without a Will. How to transfer the assets to the family members?
Is it a lengthy and costly process?
The FAQ helps to address most of the important questions.
Speak to us today and get the service of extracting the Letter of Administration and transmitting the assets at affordable fee.
helping you in Obtaining Letter of Administration
Letter of Administration
What is Letter of Administration?
It is a Declaration or Order. This is issued when a person passed away without a Will leaving behind assets by the High Court to appoint someone as an Administrator to administer deceased’s assets.
Who will be in charge of the Estate Administration?
Any person/s interested in the estate of the deceased may apply to be the Administrator. An Administrator is a person who will distribute the assets in accordance with the law. Normally, the spouse or the kid of the deceased will be an Administrator.
What happens after Letter of Administration extracted?
The Administrator can collect all the deceased’s assets into his possession. He is required to settle all the deceased’s debts or liabilities.
He (administrator) is to advertise in the government gazette and one of the leading newspaper against the deceased inviting any claims/liabilities. The minimum time frame for creditors to submit their claims is two months.
What happens when the deceased's assets are insufficient to pay the debts & liabilities?
The order of priority in settling the debts & liabilities will be:
- Funeral, testamentary & administration expenses
- Secured creditors
- Unsecured creditors
I have settled the debts and liabilities. What do I do now?
The Administrator can collect all the deceased’s assets into his possession. He is required to settle all the deceased’s debts or liabilities.
He (administrator) is to advertise in the government gazette and one of the leading newspaper against the deceased inviting any claims/liabilities. The minimum time frame for creditors to submit their claims is two months.
How can I conclude or discharge my responsibility as an Administrator?
By submitting proper accounts and obtaining appropriate discharges from all the beneficiaries acknowledging receipt of their respective shares in the estate.
Documents to Prepare to Apply for Letter of Administration
The Checklist!!!
Part A
Part B- Immovable Property
Part C - Bank Accounts/Fixed Deposits
Part D - Motor Vehicle
Part E - Others
Part F- Liabilities
Part A
- Death Certificate (Original)
- Marriage Certificate (if married)
- Deceased’ Spouse’ IC
- Kids’ IC/BC/Death Certificate (if any)
- Deceased’ Parents IC (if alive)
- Deceased’ Birth Certificate (if parents alive)
Part B- Immovable Property
- Copy of Property Title/ Grant
- Copy of Sale & Purchase Agreement
- Quit Rent (Cukai Tanah or Pintu) – Latest
- Assessment (Cukai Taksiran) – Latest
- Loan Statement or Loan Agreement (if the property is still charged)
Part C - Bank Accounts/Fixed Deposits
- Copy of Saving Account’s Passbook
- Copy of Current Account Statement
- Find Deposit Slip
Part D - Motor Vehicle
- JPJ Registration Card
Part E - Others
- CDC Account/ Share Certificates for Public Listed Company Shares
- Company name/Company Secretary Contact Number for Sdn Bhd Company Shares
- Unit Trust/ Bond Statement
- EPF Statement (if no nominee)
- Insurance Policies (if no nominee)
Part F- Liabilities
- Any documents pertaining to the Deceased’s Debt
- Eg : Housing Loan/ Car Loan/ Credit Card/ Personal Loan
THE STEPS
01
Getting the Checklist Documents Up
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02
Preparing the Cause Papers for Signing
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03
attending the Hearing
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services Related to Letter of Administration
Extraction of Letter of Administration is just the first step before completing the whole process. There are other services that follow suit during or post extraction of Letter of Administration in Malaysia.
Issues that may arise in Letter of Administration
- More than 4 Beneficiary insisting of becoming Administrator. Law only allows maximum of 4.
- Any one of the Beneficiary refuses to sign consent.
- Unable to trace the Beneficiary/s.
- Administrator passing away before completing the whole process.
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