Islamic Will according to the The Faraid Law (Wasiat Mengikut Hukum Faraid)
For muslims, preparing a will and distributing his or her assets upon death in line with the Faraid law is a must. There is no getting around that.
For the convenience of folks out there wanting to know more about the Faraid law, I’ve found a number of useful links.
Filed under Estate Planning, Islamic Finance | Comment (0)Estate Planning: Should I draw up a Will?
Believe it or not, in the journey of financial freedom a.k.a wealth creation, preparing your will is one of the most important thing that one needs to do. In a person’s financial plan, if there’s no consideration of drawing up a will, then that financial plan is not complete.
The same as chicken curry is not complete if santan (coconut milk) is not added, a financial plan is not complete without a will.
It is also of my belief that you’re never too young to prepare a will. It doesn’t matter if you’re 18, 19, 21, 30, 40, as long as you own some assets, having a will is important. Let’s have a look at why this is so.
Filed under Estate Planning | Comments (5)
