Darul Hikmah: Islamic Wills and US Law Workshop
-
Upload
darulhikmah -
Category
Documents
-
view
733 -
download
0
description
Transcript of Darul Hikmah: Islamic Wills and US Law Workshop
![Page 1: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/1.jpg)
INHERITANCE WORKSHOP
Preparation for Death & The Distribution of the Estate
Mufti Abrar Mirza
![Page 2: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/2.jpg)
PREPARATION FOR DEATH
Only certainty in life
Not just something to await, but to prepare
for
Death on īmān
Advice to family
Settling of debts
![Page 3: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/3.jpg)
INHERITANCE & BEQUESTS
Importance in Islam
Mīrāth (Inheritance)• Required• Shares specified in the Qur’an
Wasiyyah (Bequests)• Optional• Up to one-third• Inheritors ineligible
![Page 4: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/4.jpg)
REACTING OF DEATH
Grieving within Shar’ī limits
Rushing janāzah
Sending thawāb
![Page 5: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/5.jpg)
DISTRIBUTION OF ESTATE
Burial expenses
Settling of debts
Wasiyyah
Mīrāth
![Page 6: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/6.jpg)
MISCONCEPTION
Claims of unfairness in son receiving twice the
share of daughter
Woman’s wealth for herself only
Man’s wealth for him and all dependents• May include wife, parents, siblings, etc.
![Page 7: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/7.jpg)
PRACTICAL ADVICES
Shares in one’s lifetime
Ownership of small, low value items
Joined family homes
All necessary details• Make-up fasts and prayers• Hajj• Scholars• Custody
![Page 8: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/8.jpg)
PRACTICAL ADVICES
Medical treatment
Timely execution of the will
Should not forego one’s share
![Page 10: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/10.jpg)
INHERITANCE WORKSHOP
Shari’ah Compliant Estate Planning
Zubair M. Tajuddin, Esq.
![Page 11: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/11.jpg)
ESTATE PLANNING BASICS
Estate Planning is the legal and financial process of arranging
and managing your assets during life and after death.
State Law has certain defaults. The end goal is to comply with
Shariah. The estate planning process is building the bridge
between the State’s defaults and the Shariah objectives.
There are Six primary issues.
![Page 12: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/12.jpg)
STATE DEFAULTS
What happens if you do nothing?
• Distribution of Assets• Guardianship of Minors• Tax and Fee Consequences• Probate Court Consequences
![Page 13: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/13.jpg)
ISSUE #1 - DISTRIBUTION
WHO will receive distribution?
HOW MUCH will they receive?
HOW will they receive it?
WHEN will they receive it?
WHAT will they receive?
![Page 14: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/14.jpg)
ISSUE #2 – GUARDIANSHIP
Who can care of Minor or Adult Disabled
Children?• Overseas Guardians v. US Resident
Guardians
What is the guardianship process?
How to appoint guardians?
![Page 15: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/15.jpg)
ISSUE #3 – PROBATE TAXES
How much are Probate Taxes? • US Citizen v. non-US Citizen
How to avoid Probate Taxes
![Page 16: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/16.jpg)
ISSUE #4 – PROBATE COURT
What is the Probate Court process and why is
it necessary?
How and why to avoid probate courts?
What are the benefits and drawbacks to
avoiding probate courts?
![Page 17: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/17.jpg)
ISSUE #5 - DISABILITY
Who will make financial decisions?
Who will make health care decisions?
What are your end of life decisions?
![Page 18: Darul Hikmah: Islamic Wills and US Law Workshop](https://reader033.fdocuments.in/reader033/viewer/2022061212/54952585b4795971338b4686/html5/thumbnails/18.jpg)
CONTACT INFORMATION
Zubair M. Tajuddin, Esq.
The Law Office of Tajuddin & Khan,
P.C.
(630) 624-1396