Can an executor be held personally liable for mistakes or mishandling of estate assets?

Last modified: September 1, 2023
Estimated reading time: < 1 min

An executor can be held personally responsible if they make mistakes or mishandle the assets of an estate in Malaysia. This means they may have to personally compensate the estate or beneficiaries for any financial losses or damages caused by their actions. Executors have a duty to act in the best interests of the estate and beneficiaries, and if they breach this duty, act negligently, or engage in self-interest, they can be held liable.

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