I have been an Islamic Estate Planning Attorney for 15 years now (and a lawyer for 21), and for a decade a certified specialist in Estate Planning, Trust and Probate. One of the most important parts of Estate Planning is protecting legacies from the Federal Estate Tax. Because of law changes this is less a big deal now than it was when I started. Even so, the idea that you can take millions of dollars in tax liability and make it disappear may seem like magic to some, a little shady to others. I want to demystify it.
My website has several articles on Islamic Inheritance, Islamic Estate Planning, Charitable Planning and other areas of planning. I wrote a whole lot about the federal estate tax and how to plan for it in my American Bar Association Book, “Estate Planning for the Muslim Client.”
I have created a new guide for people who are concerned their estates may be subject to the Federal Estate Tax. There are several different strategies that I use. The goal of this guide is in simple terms, and without the use of needless jargon, and show how it is possible to save many millions of dollars in the estate tax (for people who have millions of dollars to save). This money can be used for families, charity and for (hopefully) doing good and beneficial things.
You can read the Estate Tax Planning Guide for Muslims here. Of course, most people reading this just need to make sure they are doing right by their loved ones and planning according to Islam. You may want to discuss this too.
If you want to schedule a 15-minute mini-consultation to discuss your Islamic Inheritance planning, click here.