The Role of Personal Representatives and Executors in Estate Planning: Considerations and Alternatives
When it comes to estate planning, one of the most crucial decisions you’ll make is choosing a personal representative or executor to manage your affairs after you pass away. This individual will be responsible for carrying out your final wishes, distributing your assets to your beneficiaries, and settling any outstanding debts or taxes. While some […]
The MyWassiyah Asset Inventory and Document Organizer: A Comprehensive Guide to Estate Planning
Estate planning is a crucial aspect of financial management that ensures your assets are distributed according to your wishes after you pass away. A well-rounded estate plan not only includes a legally binding will but also an asset inventory document that provides your executor with all the necessary information to distribute your property to your […]
The Islamic 1/3 Gifting Rule: Understanding the Wassiyah and Its Application in Estate Planning
Islamic inheritance laws, derived from the Quran and Sunnah, provide a comprehensive framework for the distribution of a deceased person’s assets among their heirs. These laws ensure that wealth is distributed fairly and equitably, with specific shares allocated to each eligible heir based on their relationship to the deceased. However, within this framework, there is […]
