
Dealing with property abroad | Islamic Wills – IslamicFinanceGuru
31 May 2022 1 min read
2 min read
Published:
Updated:
Isma'il Mustafa
Head of Operations
It’s essential that you map out what you have so that your executors can collect your whole estate to distribute. If not, secret wealth will remain secret and will never pass on to your inheritors!
The easy way to think about assets and liabilities as what you own & what you owe.
Assets are anything of significant value, including: any properties, a business, bank accounts, stocks and shares, a car, jewellery, life insurance policies, and anything else of worth that can be passed on.
Liabilities can include official debts, such as: mortgages, overdrafts, and bank loans, and also include personal debts. As a Muslim, it is crucial you include a record of your private/unofficial debts in your will so that your loved ones can be made aware of them and can settle them for you.
There are certain assets that will not be handled by your executors (though it’s still worth listing them in your assets):
This article is part of our Islamic Wills FAQ series.
31 May 2022 1 min read
31 May 2022 1 min read
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