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 [...]
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 [...]
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 [...]
When you have a probate, you have a circumstance where the decedent had the obligation to distribute assets based on the Islamic Rules of Inheritance. In all likelihood, that obligation was not fulfilled and some sort of injustice is being done. It is now the obligation of the persons receiving this wealth to then distribute this wealth [...]
Our guide to Islamic Inheritance is now available on our website. Its lengthy, though not as lengthy as the original that we have been distributing at workshops the past several months. I hope to make additional information on Islamic Inheritance and awqaf available to website readers and subscribers on a continuing basis.
One thing that differentiates Islamic Inheritance from what we are normally used to seeing is that rights of heirs other than the surviving spouse are considered. Indeed, many heirs actually take more then the surviving spouse. Planning requires a property agreement between the husband and wife so that it is known who owns what, and distribution follows [...]