Meaning of TAULIYAT / MAA / UL / WASIYAT

TAULIYAT / MAA / UL / WASIYAT

Language - Arabic (commonly used in Tamil)

Tamil Word - தௌழியாட் / மா / உல்வாசியாட்

A deed of trusteeship or a will that establishes a trust to manage property or assets after the death of the testator (the person making the will). Example: The wealthy philanthropist created a 'tauliyat maa-ul-wasiyat' to ensure that his wealth would be used for charitable causes after his demise. This term is crucial in estate planning and legacy management, ensuring that assets are managed and utilized according to the wishes of the deceased.