Legacies Services

The role of the Company is complementary to the work of the judiciary departments and the courts. The courts undertake legal procedures related to the issue of doctrinal certificate and limitation of succession together with the relevant critical information, such as determining heirs and their legal shares, establishing the assets and liabilities of the estate. After finalizing the court’s legal procedure, the requirements of limitation of succession must be implemented promptly and accurately to ensure the efficiency and effectiveness of economic and commercial activities, properties and investments left by the testator, whether those for which limitation and registration was effected or those that were not indicated in the limitation after adding them to the elements of the estate. This is where the role of “Tharawat Consultancy Company” begins by devising the appropriate plans for each kind of the estate assets, thus enabling the follow up and oversight of their management and enhancing the opportunities for stability of economic activities and the assets branching out of the estate and their sustainability, and helping provide a decent life for families and their interdependence. The services we provide and help achieve are:

 

  • Do an assessment of the risks associated with the elements of the estate and propose controls and follow-up plans needed to help reduce the potential risks, which may have an adverse impact in case such risks materialize.

  • Follow up and supervise the management of all matters relating to the heirs’ property both in the country and abroad (companies, real estate, stocks, farms, factories, funds, joint ventures, investment funds etc.)

  • Ensure the implementation of limitation of inheritance outcomes, including changing the legal capacity of the heir as necessary to reflect the reality of the change.

  • Ensure the documentation and registration of the estate rights and obligations with the stakeholders and related parties.

  • Classify the elements of estate to facilitate its management.

  • Review the assessment operations of the elements of estate.

  • Administrative and economic follow-up of lawsuit procedures to ensure the completion and accuracy of the estate accounts and statements.

  • Review the distribution of the estate items to the heirs.

  • Follow up the disassociation procedures in the elements of the estate.

  • Follow up the estate management operations as a whole and put up periodic reports to the heirs.

  • Follow up receivership works, and put up periodic reports on the results of the work of the receiver to the heirs and related parties.

  • Follow up economic performance of private waqfs “endowments”.

  • Set forth indicators to measure the performance of managing the various elements of an estate. 

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