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Personal Banking > Wealth Management > Wealth Distribution
Professional Estate Administration  
Estate administration is the course of action taken by an administrator or executor from the point of obtaining a Letter of Administration or Grant of Probate until the distribution of assets. The work by an administrator or executor includes appointment of lawyer, collecting assets from various financial institutions, payments to creditors etc. In the case of a Muslim, a Faraid Certificate is required from the Syariah Court.

Benefits:

The period of obtaining a Letter of Administration or Grant of Probate from the High Court is shorter.
CIMB Trustee Services has the experience in managing assets that vests a Deceased person’s estate.

Court will grant dispensation of sureties in the case of an estate without a Will if the Administrator is a corporate trust company.

Ensure that the correct beneficiary receives the assets or his fair share of the assets.

 
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