ADMINISTRATION OF ESTATES ACT - 1961 (ACT 63)

Section - 92 - Movable and Immovable Property of Deceased are Assets for Payment of Debts

(1) The movable and immovable property of a deceased person, to the extent of his beneficial interest therein, and the movable or immovable property of which a deceased person in pursuance of any general power disposes by his will, are assets for payment of his debts (whether by specialty or simple contract) and liabilities, and any disposition by will inconsistent with this enactment is void as against the creditors, and the court shall, if necessary, administer the property for the purpose of the payment of the debts and liabilities.

This subsection takes effect without prejudice to the rights of incumbrancers.

(2) If any person to whom any beneficial interest devolves or is given, or in whom any interest vests, disposes thereof in good faith before an action is brought against him, he shall be personally liable for the value of the interest so disposed of by him, but that interest shall not be liable to be taken in execution in the action.