Ensuring the sustainability of surviving family members: the critical role of personal representatives in estate administration in Malaysia

This paper investigates the crucial role of personal representatives in estate administration in Malaysia, with a focus on ensuring the sustainability of surviving family members. Estate administration involves the management and distribution of a deceased person’s assets to beneficiaries, requiring personal representatives to navigate legal, procedural, and administrative complexities. Appointing a capable personal representative is vital for ensuring that the estate is handled efficiently, avoiding issues such as delays in asset distribution and potential mismanagement. The study compares individual personal representatives with institutional bodies like Amanah Raya Berhad (ARB), highlighting the advantages and challenges of both. Individual representatives may struggle with personal bias, lack of expertise, and potential conflicts of interest, while institutions like ARB offer continuity, impartiality, and professional management but come at a higher cost. The qualitative research method, relying on a review of legal statutes, cases, and scholarly articles, underscores the need for public awareness regarding the critical role personal representatives play in estate administration. The findings show that a lack of knowledge or improper appointment of a personal representative can result in significant delays and issues for beneficiaries, particularly surviving family members. Institutional bodies like ARB, while offering expertise and impartiality, are not always necessary for all cases. This paper concludes by recommending better awareness and careful selection of personal representatives to ensure the smooth administration of estates, ultimately supporting the sustainability of surviving family members through timely and fair asset distribution.

Publication Details

Journal
The International Islamic University Malaysia Repository (The International Islamic University Malaysia)
Published
2024-12-25
Primary Topic
Explainable Artificial Intelligence (XAI)
Type
article
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article

Ensuring the sustainability of surviving family members: the critical role of personal representatives in estate administration in Malaysia

The International Islamic University Malaysia Repository (The International Islamic University Malaysia)
Explainable Artificial Intelligence (XAI)
article

Ensuring the sustainability of surviving family members: the critical role of personal representatives in estate administration in Malaysia

article en

Abstract

This paper investigates the crucial role of personal representatives in estate administration in Malaysia, with a focus on ensuring the sustainability of surviving family members. Estate administration involves the management and distribution of a deceased person’s assets to beneficiaries, requiring personal representatives to navigate legal, procedural, and administrative complexities. Appointing a capable personal representative is vital for ensuring that the estate is handled efficiently, avoiding issues such as delays in asset distribution and potential mismanagement. The study compares individual personal representatives with institutional bodies like Amanah Raya Berhad (ARB), highlighting the advantages and challenges of both. Individual representatives may struggle with personal bias, lack of expertise, and potential conflicts of interest, while institutions like ARB offer continuity, impartiality, and professional management but come at a higher cost. The qualitative research method, relying on a review of legal statutes, cases, and scholarly articles, underscores the need for public awareness regarding the critical role personal representatives play in estate administration. The findings show that a lack of knowledge or improper appointment of a personal representative can result in significant delays and issues for beneficiaries, particularly surviving family members. Institutional bodies like ARB, while offering expertise and impartiality, are not always necessary for all cases. This paper concludes by recommending better awareness and careful selection of personal representatives to ensure the smooth administration of estates, ultimately supporting the sustainability of surviving family members through timely and fair asset distribution.

The International Islamic University Malaysia Repository (The International Islamic University Malaysia)
Openalex Percentile: Top 54%
Explainable Artificial Intelligence (XAI)
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