I updated the section of my step by step guide on Islamic Inheritance related to tax issues. Recently there have been some changes with the new extension of the Bush Tax Cuts, but caused a return of the estate tax, which was abolished last year. However very few families have to worry about the Estate [...]
Recently I became a Specialist in Estate Planning, Trust and Probate Law, as Certified by the State Bar of California Board of Legal Specialization. Thats a big deal for me. In California, a lawyer is not allowed to say they are a “specialist” in anything unless they can support this fact with a [...]
Islamic Inheritance, an Introductory video
I posted an article on my main law practice website (where I write about Estate Planning that is not necessarily “Islamic”) on the unlimited marital deduction. The trap created by the unlimited marital deduction is the same for Muslims as it is for non-Muslims. However, the difference when it comes to Muslims is that it [...]
At the invitation of Naushad Virji of Virji Investments, I plan to do a series of workshops in Florida. This includes Ft. Myers on September 30, Tampa on October 1st and Orlando on October 2nd.
Ramadan Mubarak. I wanted to call to your attention a new video up on the www.planislam.com website, 4 Reasons an Islamic Will is likely useless. It can be found here. Your feedback on this is welcome. I also have another video on Asset Protection you can view by clicking on this link. Please feel [...]
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 [...]
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 [...]
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 [...]