I had previously posted I will be at Masjid Taqwa on August 7. This has been moved. I do not anticipate any Islamic Inheritance workshops until after Ramadan. Masjid Taqwa in Altadina, CA will be one of these insha Allah. I will also announce a few others inside and outside California coming in the next [...]
Please take a look at our introductory video on Islamic Inheritance here. I hope to incorporate more video throughout the website in the future. Please feel free to offer any feedback and share it with others.
I had a question recently from a reader (and not for the first time) on what would be an inappropriate way for Muslims couples to own a home. It may surprise many that I actually change the form of home ownership for most of my clients. You can always own a property individually, that means one person owns it. [...]
Yesterday we had a great workshop at Masjid Ibaadillah in Los Angeles. The issues of concern to those who came to Islam later in life are dramaticaly different from most immigrants. Planning also takes into consideration the fact that many people have fewer Muslim relatives and more non-Muslim relatives, who do not inherit by right [...]
Any family considering a “private foundation” should do so only after significant thought has been given to the charitable goals the foundation is supposed to undertake as well as a the level of commitment the family willing to bring to the table. It’s a lot of Money Many well-informed practitioners have recommended to their clients [...]
The current estate tax situation in the United States, where no estate tax currently exists on virtually any amount of money left two children while an estate tax of 55% with an exemption of $1 million comes into effect on January 1, 2011 has led to much speculation some parents may find themselves with an [...]
The Wall Street Journal has article on the exploits of the late New York Attorney Arthur Kramer, who purchased large life insurance policies and then immediately sold the right to benefit from them to investors. Under normal circumstances, the government would have an interest in not allowing investors to benefit from the death of people they don’t particularly [...]
Of interest for many who do religious based inheritance planning was the Illinois case of In re ESTATE OF MAX FEINBERG. While the case has been decided by the Illinois Supreme Court, a petition for certiorari has been filed with the United States Supreme Court. No action has been taken on this petition as of [...]
An interesting argument by William Drennan in the Alabama Law Review, proposing a limit by with the name of a charity can be modified. It starts and makes reference to one of my favortte examples of testamentary excess, Leona Helmsley's gift to the dog world. People put their names on all kinds of things, [...]
The Financial Times notes a new book out by Ray D. Madoff called “Immortality and the Law” which is about the ever-increasing rates of dead people to control the rights of the living. Of course, people cannot take their property with them. However, it does seem nonsensical that individuals have a wide range of obligations to [...]