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Deceased Estate Share trading (modified 0 times) Esther I need some helps in understanding share trading of a deceased estate. A deceased did not have a will. The deceased estate holding some shares of a KLSE company which is going to delist from the stock exchange soon. The deceased's family is not allow to trade the share listed as it is still in the process of applying LA. In this instance, what can the deceased's family do? Will the delisting company going to send a cheque of the market value of the share before it ceased trading in the deceased's name automatically? What does the deceased family can do? Remiser told deceased family they can not do anything but to loss the share. Honestly, I don't think deceased beneficiary will loss the share/asset just because of they are in the process of applying of a LA. I think Malaysia family and estate law is going to be better than this. I really appreciate reply as i have been googling for hours. 23 May, 2008 20:49:52

RE:Deceased Estate Share trading (modified 0 times) IQ LPO Are you a lawyer or a representative of the deceased? if the company is about to delist and has complied with notice requirements of the listing rules of the KLSE then they will do so regardless unless there is a meeting of shareholders (which I suspect has already occurred) to delay the delisting. Someone should have applied for probate in the cause of a person who has died intestate. If and when the court appoints the representative (lawyer) and gives them letters of probate to act, they should preserve the value of that estate by immediately obtaining a fair market value for those shares then selling them and preserving the money proceeds out of that sale in the estate till the court decides how the estate is to be distributed. We are consultant lawyers but based in Australia. If you find a lawyer willing to act for you ask them to engage us to assit them. We provide assistance to lawyers in most Asian countries and are familiar with their laws. 01 Jun, 2008 09:52:47

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