When it comes to Islamic estate planning, Islamic laws take over. The aim of this law is such that the person will follow specific religious and legal stipulations to write a will and transfer the assets after death. For you to get these documents, you need to have a person that has been in the…
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Scenario Burt was at home when his friend, Ken, called him to his home. Since being diagnosed with cancer, Ken hasn’t been the same, and Burt expected bad news. However, he was surprised when Burt gave him a copy of the will, and told him that he would be his executor when he passes away.…
DetailsWhen it comes to Islamic estate planning, Islamic laws take over. The aim of this law is such that the person will follow specific religious and legal stipulations to write a will and transfer the assets after death. For you to get these documents, you need to have a person that has been in the…
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84.2% of the United States population use the internet in some capacity. The majority of these users have some type of digital account – often times multiple accounts for various purposes. It is critical in these times to protect those assets. The extent of one’s digital presence can be extensive. A person’s digital life can…
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As an expatriate, you need to know that you are one of 36 percent of Americans living abroad. Forty percent of expatriates opt for South America and Canada, while 26 percent love Europe. Working as an expatriate offers unique opportunities. You will have to live in different countries for a large part of your life,…
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Surveys tell that more than 55 percent of Americans die without a valid will. Of the 45 percent that do, 71 percent of them don’t update their wills during their lifetime. This is a big mistake. Some life events tell you to update the estate plan immediately. Let us list them so that you are…
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Scenario When Hillary took over Angela’s estate planning case, he was committed and very easy to work with. When the payout process ended, and the money was released to Angela, Hillary couldn’t be found. He had disappeared, and soon Angela started realizing that some of the property had been written into other people’s names. We…
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There are various problems that can make you disinherit your child. These include: You have a bad relationship with the child The child has amassed a large estate and they don’t need what you have to give them One of the kids has the greatest needs, for instance, a child with special needs. Whatever reasons…
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You might think that being named in somebody’s will as an administrator is a huge thing – but it also comes with a few dangers. As an administrator, your role is to manage the estate matters of the departed friend. Typically, the testator chooses an individual that he trusts, which means if you are the…
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One way to avoid probate is to use payable-on-death (POD) accounts. These accounts give you a way to keep a huge chunk of your money out of the probate process. If you have money in your bank account, inform the bank of whom you wish to leave the money to, and then create the form…
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