Islamic Will Aftercare – Making Changes and Storing Your Will – IslamicFinanceGuru

Islamic Will Aftercare – Making Changes and Storing Your Will – IslamicFinanceGuru Featured Image

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Isma'il Mustafa

Isma'il Mustafa

Wills & Operations Associate

Once a will has been completed by following the criteria to ensure it’s legally valid, there are still a couple of things for you to think about:

Updating your will

When one of your Islamic inheritors passes away or you have a new addition to your family, the shares between your Islamic inheritors will change.

This along with changes in your assets/liabilities or to people you appoint in your will (or even changes in your bequests or specific wishes) may change in the future. It is important to keep your will up to date and even the government recommends updating a Will at least once every 5 years. For a one-off change we charge £30 or, alternatively, we offer an unlimited amendment service which is £10 a year.

Storage

If a will cannot be located or is destroyed, the will is deemed to have been revoked.

For this reason, we recommend storing your will in a safe and secure place and letting your executors know where your most up to date will can be found.

This article is part of our Islamic Wills FAQ series.

 

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Ismail is a Wills Associate and Team Lead at IFG Ismail is a Wills Associate and Team Lead at IFG