TRUSTEE SERVICES
Solutions
Solutions
With our carefully-thought legacy solutions, the people you leave behind shall be granted fair execution of your wasiat / will.
Administration
Administration
We legally and contractually manage your cars, bikes and trucks so that your beneficiaries don’t have to worry about all the tedious process involved.
Solutions
Solutions where the beneficiary (the person or entity which receives the equitable title in the property) is private and non-charitable.
We believe that trust solutions are meant to solve future problems rather than creating new ones. Our offerings cater not only for the conventional trust, but also trust in a form of Hibah or Wasiat for the Muslims.
PRIVATE TRUSTEESHIP
A private trust is a trust where the beneficiary (the person or entity which receives the equitable title in the property) is private and non-charitable. As your Private Trustee, AWARIS can administer the day-to-day financial needs of the beneficiaries, from basic living, health care to educational costs, as you wish. Through our Private Trusteeship, you will never have to worry about these for your children and grandchildren.
Private Trusteeship is different than charitable trust, which has charitable beneficiaries with different requirements and conditions to comply with.
TRUST DECLARATION
This is a legally binding trust with low set-up costs and relatively simple set up which will guarantee an ease of mind when you enroll with us.
INSTITUTIONAL TRUSTEESHIP
It offers greater asset protection, a simpler succession and control of trust.
TRUST HIBAH
When you contractually declare Hibah with us, we ensure that the Hibah is executed and carried out with the interest of all parties involved.
HIBAH DECLARATION
Hibah declaration is a transfer of property/asset without exchange of consideration (payment) with a definite proposal on the part of the person who gives the gift and acceptance on the part of the person to whom the gift is given. Made voluntarily by a donor during his/her lifetime to the beneficiary without any consideration. Hibah Declaration involves the owner making an official declaration via a Hibah Deed, of a specific asset stating that he/she gives the asset to the beneficiary, and he/she is holding the asset for the benefit of the beneficiary. The Hibah Deed is a written document wherein the terms and conditions on which the settlor is holding the assets are set out.
With our carefully-thought legacy solutions, the people you leave behind shall be granted fair execution of your wasiat/will.
Every human being strives towards having a good life. We believe it is also important to be prepared for when we leave this world. Our legacy solutions ensure that your wasiat/wills shall be executed fairly and efficiently so that you have at least one less thing to worry about in life. We take pride on being amanah and be rest assured that your wasiat/will shall be taken care of responsibly.
WASIAT / WILL
Means an iqrar or instruction that a person made during his lifetime with respect to his/her assets or benefits thereof, to be carried out after his/her death. It is a legal document in which you declare your wishes for your loved ones and how to distribute your assets after you pass on. For Muslims to write a Wasiat and to make a bequest of one-third (1/3) of his assets to his loved ones , whether they are Muslims or not, or to charity so long as it is made in accordance with the Syariah.
EXECUTORSHIP
An executor is a person/party named in a Will/Wasiat to carry out the testator’s wishes and instructions. The choice of an executor is clearly something else that requires careful consideration. Appointment of an individual as the executor would have execution risk due to various human factors such as sickness, etc. AWARIS being a corporate body registered under the Trust Act 1949 ensures effective and professional execution of the Will/Wasiat, and it has perpetual succession without the need not produce sureties to act as your executor or Substitute Executor.
Your estate is guaranteed to be well-managed for your legacies. Our estate administration covers all the necessary requirements.
We understand that your estate, be it in any form of assets, are a result of hard work in life. Hence, our estate administration solution manages your estate in a manner that is fair to all beneficiaries. Don’t let your estate become the source of agony for your legacies due to unforeseen administrative and professional costs involved in managing or selling the estate after you’re gone.
ESTATE ADMINISTRATION SOLUTIONS
FILE MANAGEMENT PROCESS
- Creating the estate files
- Investigating lawful beneficiaries
- Investigating assets
- Checking testaments
- Asset valuation by certified valuers
- Realising the assets
- Obtaining letters of administration or letter of probate
- Distributing assets and payments to beneficiaries
- Closing of file
Estate administrative fees are set at 2% (excluding 3rd party fees)
More often than not, a vehicle is more than just a mean to get from one point to another. Your vehicles embody who you are as a person and what you do in life. It should not be a point of despair for what happens after you pass on. Our automotive administration solutions help you to legally manage your cars, motorcycles, MPVs, SUVs, pick-up trucks or any other vehicles based on how you want it to be.
AUTOMOTIVE ESTATE ADMINISTRATION FEE :
o Vehicle value: Below RM5,000 = RM1,000
o Vehicle value: Between RM5,000 to RM20,000 = RM1,500
o Vehicle value: Between RM20,000 to RM80,000 = RM2,000
o Vehicle value: Between RM80,000 and above = RM2,500
We provide sound and honest advisory to you with regard to your land. After you pass away, we ensure that all processes involving your land are carried out fairly for your beneficiaries.
LAND SOLUTIONS
- Land advisory services
- Transfer of Land (Living and Estate) 14A
- Official land search