Islamic wills and applicable us laws
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Transcript of Islamic wills and applicable us laws
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ISLAMIC WILLS & APPLICABLE U.S. LAWS
By Mufti Abrar Mirza and Zubair M. Tajuddin
Esq.
www.audiblewisdom.org
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INHERITANCE WORKSHOP
Preparation for Death & The Distribution of the Estate
Mufti Abrar Mirza
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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
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INHERITANCE & BEQUESTS
Importance in Islam
Mīrāth (Inheritance)• Shares specified in the Qur’an
Wasiyyah (Bequests)• Up to one-third• Inheritors ineligible
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REACTING OF DEATH
Grieving within Shar’ī limits
Rushing janāzah
Sending thawāb
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DISTRIBUTION OF ESTATE
Burial expenses
Settling of debts
Wasiyyah
Mīrāth
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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.
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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
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PRACTICAL ADVICES
Medical treatment
Timely execution of the will
Should not forego one’s share
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INTRODUCTION TO ESTATE PLANNING
Preparation for Death & The Distribution of the Estate
Zubair M. Tajuddin, Esq.
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ESTATE PLANNING
Estate Planning is the legal and
financial process of arranging and
managing your assets during life
and after death.
There are Six primary issues.
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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?
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ISSUE #2 GUARDIANSHIP OF MINOR CHILDREN
Who can care for minor
children?
What is the guardianship
process?
How to appoint guardians?
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ISSUE #3 PROBATE TAXES
How much are Probate
Taxes?
US Citizen v. non-US Citizen
How to avoid Probate Taxes?
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ISSUE #4 PROBATE COURTS
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?
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ISSUE #5 DISABILITY
Who will make financial
decisions?
Who will make health care
decisions?
What are your end of life
decisions?
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ISSUE #6 LIABILITY
Is there a risk of professional
liability?
Is there a risk of investment
liability?
What assets can be
protected?
What does protecting an
asset mean?
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CONTACT INFORMATION
Zubair M. Tajuddin, Esq.
The Law Office of Tajuddin & Khan, P.C.
(630) 624-1396
PO Box 481
Lombard, IL 601481400 E. Touhy Ave.,
Suite 409
Des Plaines, IL 60018