As a Muslim financial specialist, and a loving family person we know how important it is to have a proper Islamic estate plan to protect our loved ones. it is our duty and goal to provide Personalized Islamic Estate Planning services to Muslim clients in U.S. Islamic Wills Trust Services provides estate plans and Islamic wills in accordance with the state, federal and Islamic law of inheritance.
Personalized Islamic Estate Planning can accommodate Muslim clients to have customized tailored estate planning in accordance with the Islamic law of inheritance and state law.
Apart from custom-tailored solutions, it is equally important, if not more so, the provision for loved ones left behind in this world, for one should ever be mindful of the advice of the Prophet (PBUH), as narrated by Sa’d bin Abu Waqqas, that leaving everything to charity is not necessarily commendable in Islam.
“It is better for you,” said the Prophet, “to leave your inheritors wealthy than to leave them poor begging others, and whatever you spend for Allah’s sake will be considered a charitable deed even the handful of food you put in your wife’s mouth.”
We help and guide our customers to decide on a reasonable Islamic Estate Plan which fulfills the needs of Islamic Inheritance laws.
To create a personalized Islamic estate plan, being estate-planning practitioners, we listen to and understand the needs, values and convictions, and religious beliefs of our clients with an aim to achieve Muslim clients’ unique goals. We at Islamic Wills Trust, understand the importance of the client’s beliefs and traditions and thus make sure to draft an Islamic estate plan in its accordance.
Foundation of the Islamic law of inheritance
The economic philosophy of Islam is based on the concept of social justice. In order to meet its ideal of socioeconomic justice, Islam imposes social rights over personal wealth in the following major ways:
Islamic inheritance is a field of Fiqh (Islamic jurisprudence), a topic that is prominently dealt with in the Qur’an. It is often called Mirath, and its branch of Islamic law in technology is known as Ilm al-Faraid. It deals with the distribution of the estate of a deceased person among his/her heirs as commanded by ALLAH in the Qur’an, according to the Sunnah of the Prophet (peace be upon him) and the consensus of Companions and great scholars. Muslims must abide by this command in all circumstances. Since ALLAH has decided upon the rights of inheritance, we need no reasoning or explanation because, for a Muslim, it is sufficient to know that ALLAH has decreed it.
Islamic Wills (last Will & Testament)
A growing number of Muslims are beginning to realize that the distribution of their estate in accordance with Islamic law will be valid only if they leave an Islamic Will that complies both with the Islamic law of inheritance and state laws.
With an Islamic will, you can avoid unnecessary family disputes, making a will is far cheaper and can avoid a financial headache for your family. Generally, it takes a shorter time and reduced legal fees to settle an estate with a valid will. Your valid will prevents the law of intestacy and the court from assigning an executor and guarding your minor children and deciding the distribution of your estate, the tight of disposing of your estate according to your own religious requirements can be exercised only by making a valid Islamic Will.
Writing an Islamic will also provide a secondary benefit to you and your family: an up-to-date record is kept of your assets and debts for the calculation of your Zakat every year. It will be a great help later to your executor, who will need a list of your assets and liabilities.
An Islamic will that complies both with the Islamic law of inheritance and the state law will guarantee the distribution of our wealth as well as ensure that the custody of your minor children is given to the Muslim guardian appointed in your will.
A legal way to bind your will and provide guaranteed protections
Your Islamic Will ensures your wealth is distributed in accordance with the Islamic law of inheritance. For that purpose, your trustworthy friend or relative who is appointed as the executor of our will can deal with and fulfill your last obligations.
Your Islamic will ensure your family receives their “legal Islamic share” according to the Islamic law of inheritance without the hassle or costs of the probate court deciding for you.
Your Islamic will allows you to appoint a guardian for our children under 18 years of age. No one loves their children more than the parents, and if there is no valid will and last testament, the state probate court will decide who should care for minor children (it may be a non-Muslim guardian). You can choose a Muslim guardian for your children in your will and make sure they’re looked after by someone you trust.
Your Islamic Will includes provisions for the payment of debts and outstanding religious obligations such as unpaid Mahr (obligatory gift to wife), unpaid Zakat (compulsory charity), unperformed Hajj, Fidya (compensation for missed fasts in Ramadan), and Kuffarah (compensation for omitted acts of worship).
Your Islamic will allows you to take up to 1/3 of your wealth for a bequest, investing it in Sadaqah Jariya, a charity that continues to be rewarded after death. The distribution of 1/3 of the estate is for those who are not entitled to any share, such as distant relatives, non-relatives, non-Muslims, and individuals and organizations engaged in charitable work.
The revocable living trust is the best solution to comply with Islamic as well as state laws. The trust should be the beneficiary of all your assets. This will avoid the probate court. However, you must indicate in the trust documents that after your death, the assets shall be calculated and distributed as per the Islamic law of inheritance.
A trust is a common legal entity created to hold and manage assets on behalf of named
beneficiaries. The trust’s creator (called a grantor) may be the beneficiary, or the grantor may name
others to receive the assets. When a grantor puts assets into a trust, the trust—not the grantor—owns those
assets. This effectively removes them from the grantor’s estate.
Trusts are versatile. An individual can set up a trust during life (a living trust or inter vivos trust) or
through a will at death (a testamentary trust). Trusts can be revocable or irrevocable. They can meet
important needs when it comes to planning for minor children, spendthrift heirs, retirement, tax
minimization, or gifts to charity.
It is better for you, to leave your inheritors wealthy than to leave them poor begging others, and whatever you spend for ALLAH’s sake will be considered a charitable deed. “the Prophet (PBUH)”
we specialize in helping you ensure that you protect those closest to you in the event of your death or incapacity, leave a legacy for your community, and make sure that your assets are transferred to your loved ones in accordance with the Islamic Inheritance Law of the Quran and the Sunnah. Our Islamic estate planning professionals can specifically assist you in answering the following questions:
Everyone must have a plan for the estate, Specifically, Muslims living in the United States and they need one today. Procrastination too often leads to families struggling more than they need after a loved one has died.
If you have no estate plan, your property will be disposed of by the legal system after you pass.
Without the correct estate plan in place, your family can face a lengthy and costly court process as well as tax consequences. Therefore, your properties are highly unlikely to be treated according to your wishes.
Avoiding the default process by putting in place a custom estate plan. By setting up a personalized estate plan. Whatever the size of your estate or the complexity of your situation, you want an experienced expert in Estate Planning to be at your side. Walkthrough all the tough and relevant decisions and enable you to meet your family and legacy goals.
We need to understand your personal, family, and financial situation so that our attorneys can draft your custom will or estate plan. When you schedule your free consultation, you will receive our estate planning questionnaire. You will need to complete this questionnaire to the best of your ability and bring it with you to the consultation. This will allow us to give you more custom-made advice about what type of estate plan is best for you.
We will draft your will or estate plan. Throughout this phase, we will stay in close contact with you. Once we complete your estate plan in conjunction with our resident Islamic scholar, all you need to do is to execute your custom will or estate plan.
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