Solutions

Estate Planning

Benefits

With proper estate planning, you will be able to

  • Clearly identify
    • the testator's wealth and estate
    • the wealth/estate transfer process (that complies with Shariah requirement and the Common Law)
    • the beneficiaries and legal heirs
    • the deceased's liabilities (to mankind and to God).
    • the means of transfer of wealth or the means of distribution of the estate based on Common Law and yet complying with Shariah. E.g. which wealth has been given as Trust, as Gift (Hibah) and which assets have been pledged as Harta Sepencarian.
      This will eliminate the most common mistakes in the distribution of those assets by Faraidh means.
  • Minimise disputes in the appointment of Executor or Trustee or children's guardian.
  • Quicken the estate distribution process. The estate can still be distributed subject to IRAS clearance while waiting for the letter of probate.
  • Enjoy cost savings in wealth transfer and estate distribution due to a clear procedure being recorded. Any cost can easily be offset by the potential savings to resolve problems that the surviving heirs may encounter in estate matters.
  • Minimise conflict between beneficiaries.
  • Deter beneficiaries from challenging the execution of the Estate Document (Wassiyah). The proper recording and appointment will discourage dissatisfied beneficiaries from contesting the Estate Document
  • Fulfil the deceased's wishes in distributing his wealth and estate. This is one of the intentions of the client in making an Estate Document.

To give you a better idea, do read our case studies.