Best Trusts Lawyers in Saudi Arabia

Share your needs with us, get contacted by law firms.

Free. Takes 2 min.

Or refine your search by selecting a city:

Al Othman Lawyers & Consultant Co
Riyadh, Saudi Arabia

Founded in 2016
81 people in their team
Arabic
English
Al Othman Lawyers and ConsultantsIs a leading company in the legal field in Saudi Arabia and the Middle East, founded in 2016 and headquartered in the Kingdom of Saudi Arabia. The company specializes in providing a wide range of legal services, including consulting, pleading and litigation,...
Khalid Alnowaiser Law Firm & Partners

Khalid Alnowaiser Law Firm & Partners

15 minutes Free Consultation
Riyadh, Saudi Arabia

Founded in 1994
10 people in their team
Arabic
English
Khalid Alnowaiser Law Firm & Partners: Pioneering Legal Excellence in Saudi ArabiaEstablished in 1996 by Dr. Khalid Alnowaiser, our firm has rapidly evolved into a vanguard of legal innovation in Riyadh and Jeddah. At Khalid Alnowaiser Law Firm & Partners, we don't just practice law; we...

English
مكتب المحامي سفران الشمراني, based in Saudi Arabia, has established itself as a leading authority in providing comprehensive legal services across various disciplines. This prestigious law firm excels in offering expert consultation in areas such as business management,...
Jeddah, Saudi Arabia

English
Wise Allies Law Firm, established in 2005 and headquartered in Jeddah, Saudi Arabia, offers a comprehensive range of legal services across various sectors. The firm specializes in corporate and commercial law, criminal law, dispute resolution, labor law, family and divorce law, real estate,...
Faris Law Firm
Jeddah, Saudi Arabia

English
Faris Law Firm, based in Saudi Arabia, is a distinguished legal practice renowned for its comprehensive expertise across various legal disciplines. The firm's team of seasoned attorneys offers in-depth knowledge and experience in areas such as corporate law, commercial transactions, dispute...
AS SEEN ON

Browse trusts law firms by city in Saudi Arabia

Refine your search by selecting a city.

About Trusts Law in Saudi Arabia

Trusts in Saudi Arabia are governed by Saudi Trusts Law, which provides a legal framework for the creation and management of trusts. A trust is a legal arrangement where a person (the settlor) transfers assets to a trustee, who holds and manages the assets for the benefit of one or more beneficiaries. Trusts can be used for various purposes, including estate planning, asset protection, and charitable giving.

Why You May Need a Lawyer

You may need a lawyer to help you establish a trust, draft a trust deed, choose the right trustee, understand your rights and obligations as a trustee or beneficiary, navigate tax implications of trusts, and resolve disputes related to trusts. A lawyer can provide valuable advice and guidance to ensure that your trust is set up correctly and operates smoothly.

Local Laws Overview

In Saudi Arabia, trusts are regulated by the Saudi Trusts Law, which sets out the procedures for creating and administering trusts. Under Saudi law, trusts are irrevocable and must have a lawful purpose. The Trusts Law also outlines the duties and liabilities of trustees, as well as the rights of beneficiaries. It is important to comply with the provisions of the Trusts Law to avoid legal issues.

Frequently Asked Questions

Q: Can I create a trust in Saudi Arabia?

A: Yes, you can create a trust in Saudi Arabia in accordance with the provisions of the Saudi Trusts Law.

Q: Do I need a lawyer to create a trust?

A: While it is not required by law, it is advisable to seek legal advice when creating a trust to ensure that all legal requirements are met.

Q: What assets can be placed in a trust?

A: Generally, any type of asset can be placed in a trust, including real estate, cash, stocks, and other investments.

Q: Can I change the terms of a trust once it is established?

A: Trusts in Saudi Arabia are generally irrevocable, meaning that the terms cannot be changed once the trust is created.

Q: What are the tax implications of trusts in Saudi Arabia?

A: Trusts in Saudi Arabia may be subject to tax on income generated by the trust assets. It is recommended to consult with a tax advisor to understand the tax implications of trusts.

Q: Can a trust be challenged in court?

A: In certain circumstances, a trust can be challenged in court if there is evidence of fraud, undue influence, or lack of capacity at the time the trust was created.

Q: What are the duties of a trustee in Saudi Arabia?

A: The trustee is responsible for managing the trust assets in accordance with the terms of the trust deed and the Trusts Law. The trustee has a fiduciary duty to act in the best interests of the beneficiaries.

Q: How are disputes related to trusts resolved in Saudi Arabia?

A: Disputes related to trusts in Saudi Arabia may be resolved through negotiation, mediation, or legal proceedings in court. It is advisable to seek legal advice to resolve trust disputes effectively.

Q: Can a trust be used for charitable purposes in Saudi Arabia?

A: Yes, trusts can be established for charitable purposes in Saudi Arabia, subject to compliance with the provisions of the Trusts Law.

Q: Is it necessary to register a trust in Saudi Arabia?

A: Trusts in Saudi Arabia do not need to be registered with a government authority. However, it is recommended to keep detailed records of the trust assets and transactions.

Additional Resources

For more information on trusts in Saudi Arabia, you can consult legal professionals specializing in trusts law, the Saudi Trusts Law itself, and legal publications that discuss trust-related topics. Governmental bodies such as the Ministry of Justice may also provide useful resources.

Next Steps

If you require legal assistance with trusts in Saudi Arabia, it is recommended to consult a skilled lawyer specializing in trusts law. The lawyer can help you understand the legal requirements for setting up a trust, draft the necessary documents, and provide guidance on trust administration and compliance with local laws.

Lawzana helps you find the best lawyers and law firms in Saudi Arabia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Trusts, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Saudi Arabia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.