Karim Ali / Islamic Wills, Wills and Estates /
Continuing from my previous examples, here are a few more examples of potential family arrangements and what the estate split would look like. Example 1 Relation Each Inherit Comment 2 sons 4/9 Sons and daughters split the remainder 2:1 2 daughters 2/9 Sons and daughters split the remainder 2:1 1 father 1/6 Father gets prescribed […]
Karim Ali / Islamic Wills, Wills and Estates /
People often ask what key principles determine the inheritance rights in an Islamic Will. Simply, it comes down to 3 factors: Relationship Generational Category Financial Burdens Relationship is the simplest factor as it directly relates to how close of a relative the individual is. The closeness of the degree of relation is what determines if […]
Karim Ali / Islamic Wills, Wills and Estates /
So, you have done some research and read a few articles that explain the rules governing how an estate should be divided under an Islamic Will. But what exactly does that look like? To give it a little bit of context here are a few examples of potential family arrangements and how the estate would […]
Karim Ali / Islamic Wills, Wills and Estates /
There are sometimes occasions where people express interest in drafting an Islamic Will; they then go into detail about what they want, and it becomes clear that it is not actually an Islamic Will at all. The most common way that this situation presents itself is through parents wanting to divide their estate equally between […]
Karim Ali / Islamic Wills, Wills and Estates /
As far as Wills go, it is important for everyone to have one. It’s the best way to make sure your family know exactly what your wishes are regarding your estate (all that you own and owe). You may be thinking, “I could just tell them what I want. I trust them to do as […]