What are the benefits of Trust over Will for Muslims?

Trust provides flexibility to comply with Sharia and no court intervention due to the absence of Probate. It reduces the time for inheritance distributions to heirs. Executors under Will have broad power but are limited to court validity, making the creating Trust most favorable, especially if you own the substantial assets. Trust offers benefits of estate or inheritance tax efficiency compared to Wills. However, creating Trusts will only be practical for all unless they own significant assets. It may differ from one family situation to another.

10 views0 comments

Related Posts

See All