Is an executor entitled to compensation?

Yes, an executor is generally entitled to receive compensation for their services in Malaysia. The amount of compensation and the method of calculation may vary depending on several factors, including the terms specified in the Will, any agreement reached with the beneficiaries, or the provisions of the applicable laws.

If the Will specifically provide for the executor’s compensation, the amount stated in the Will generally prevails unless it is found to be excessive or unreasonable. If the Will is silent on the issue of compensation, the Court may rely on general guidelines and precedents to determine a reasonable amount.

It’s important to note that executors are expected to act in good faith and with the best interests of the estate and beneficiaries in mind. Excessive or unreasonable fees could potentially be challenged by the beneficiaries or reviewed by the Court.

If you are appointed as an executor or are considering appointing an executor, it is advisable to consult with the experts who specializes in estate administration to understand the specific laws and regulations in Malaysia and to determine a fair and reasonable compensation arrangement.