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 [...]
Insha Allah I plan to speak in the Pacific Northwest on Friday, Saturday and Sunday on Islamic Inheritance in conjunction with ISNA and Saturna Trust. The flyers are here. Download now or preview on posterous Estate Planning Flyer WA 2.pdf (1150 KB) Download now or preview on posterous Estate Planning Flyer WA.pdf (1154 KB) Posted via [...]
Last Friday we had a wonderful series of programs at the Muslim Community Association in Santa Clara, CA. The programs focused on Waqf, or the endowment bulding process as well as the 1/3 rule in Islamic Inheritance. It also included a brief introduction to Islamic Inheritance. On Saturday, we had a program called "Islamic [...]