Overview
Islamic Estate Planning is a legally effective arrangement for the management of a person’s estate according to Shariah and Civil Law.
Benefits of Islamic Estate Planning
- Expedites legal process
- Avoids family contention
- Appoints trustworthy executor to administer the assets
- Appoints guardian for property given to minor children
- Allows a Hibah (Gift) to heirs not within the Faraid provided the gift is not more than 1/3 of the assets
Five (5) Steps on Distribution of Estate
- Settlement of all funeral expenses
- Settlement of debts (actual / spiritual)
- Settlement of any claim of ‘Harta Sepencarian’ and Hibah
- Division of Will Writing (if any) by the deceased
- Division of the residuary estate of the deceased in accordance with the principles of Faraid
Services Available
- Will Writing Services
- Estate Administration
- Trusteeship
- Declaration of ‘Harta Sepencarian’
- Declaration of Hibah
- Wakaf Documentation
- Hibah
