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Introduction Of MASCO Structure Of Classification Starting Salary Guidelines
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Unit Group
2619
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MASCO Code
2619-04
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Public Trustee
Public Trustee administers the estates of deceased persons and manages trusts on behalf of individuals who are deceased, incapacitated, or without a private trustee. The role involves safeguarding, managing and distributing assets in accordance with the law, court orders and the terms of the will or trust instrument. They act in a fiduciary capacity to ensure that estate and trust administration is carried out properly, transparently and in the best interests of beneficiaries.
Tasks
Administer estates and trusts in accordance with legal and fiduciary requirements.
Identify, secure, and value estate and trust assets.
Prepare probate applications and other legal documents related to estate and trust administration.
Assess and settle outstanding debts and liabilities of estates and trusts.
Manage trust accounts and oversee financial transactions.
Distribute assets to rightful beneficiaries in accordance with the law, court orders, and the terms of the will or trust instrument.
Liaise with lawyers, financial institutions, and beneficiaries on estate and trust matters.
Represent estate and trust matters in court proceedings where required.
Ensure compliance with relevant laws, court orders, and estate and trust regulations.
Provide guidance on estate and trust administration.
Skills
Basic
Active listening and critical thinking to understand and manage client needs effectively.
Excellent verbal and written communication skills to explain legal and financial matters clearly.
High ethical standards to maintain trust and fiduciary responsibility.
Problem-solving skills to resolve estate and trust-related issues.
Strong attention to detail when handling sensitive documents and transactions.
Specific
Ability to interpret and manage legal documents such as wills and trust deeds.
Competency in handling probate applications and legal submissions to the High Court.
Competency in preparing fiduciary reports and estate inventories.
Knowledge of Malaysian legislation, including the Trustee Act 1949 and Probate and Administration Act 1959.
Knowledge of trust and estate law.
Proficiency in accounting or trust management software.
Additional Info
QUALIFICATION
Bachelor’s degree or equivalent
Related Courses
Claimable Course
e-Latih Online Course
Madani TVET Course
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