Thursday, January 27, 2011

Small Estate


If the gross value of the estate does not exceed RM 600,000 and consists of movables only, Amanah Raya Berhad(ARB) can administer the estate by issuing a declaration whereby the assets will be administered and distributed accordingly. Should there be a Will, the distribution will be according to the Will; and if it is Intestacy, the distribution will follow the Distribution Act.

If the gross value of the estate does not exceed RM 2mil and consists of both immovable & movable assets, ARB will not stand in to administer. For those who dont have a Will, the lawful beneficiaries have to go to the District Land Office and will follow the Distribution Act. For those who has a Will, the procedures will be according to the High Court.

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