Distribution of wealth once the shares have already been allocated to the heirs?

Q: I have a question in regards to writing a will. Once the shares have been allocated to the heirs, how is the remaining amount distributed?                                      الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Upon ones death one has […]

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Can a loan be transferred to a 3rd party?

Q: I have taken a loan from  my sister and then I have lent the money to a 3rd party  on the condition that, they will repay back the loan to my sister directly. Am I still responsible for the loan? If yes then how do I include it in my Will? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You remain responsible for […]

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Should one list items which they anticipate receiving but have not yet got ownership of in their will, under ‘assets’

Q: Should one list items which they anticipate receiving but have not yet got ownership of in their will, under ‘assets’? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب   A: One may list them as potentially receivable assets but not as current assets.  Once ownership is secured, one may update one’s will.

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