estate

Life policy to avoid estate duty tax

Question: 

Zaid foresees that his estate will pay large sums in Estate Duty Tax upon his demise.(up to 20% of his estate)

He is advised to open a life policy, and upon his demise the life policy will pay funds into his estate. His intention hereby is twofold.

1- he would like his executors to withdraw all premiums he has paid into his life policy, and this will form part of his estate. 

2- a large portion of his life policy payout is to be used to cover Estate Duty taxes. 

What happens to Zakaat funds collected for an operation after the recipient passes away?

Question: 

Suppose a person who has collected Zakaat funds for an operation passes away before his treatment starts 

In this case, what happens to the collected Zakaat funds ( in possession of the deceased family members ) ?

Are they entitled to use same for other purposes or  ???

Can the heirs of the deceased even buy a brand new car with the unused Zakaat collected funds ?

Distribution of estate: Father, Mother, 2 sisters, 3 brothers

Question: 

A lady passed away leaving R 250000 in the bank account. Her heirs are her parents ,two sisters and three brothees, no husband, no children

How will the estate be distributed? 


Answer: 

Disclaimer: Any changes in the heirs will bring about changes in the distribution.

After discharging the burial expenses, debts (if any), and execution of the Wasiyyah/bequest from 1/3 of the estate (if any), the estate will be divided into 6 portions as follows:

Duties of an executor

Question: 

I have been appointed as an executor of a deceased's estate. there are certain family members that are assisting me to wind up the estate. what are my duties as an executor? 
Should I, as an executor, request accurate records for every transaction, such as funds utilised for burial costs, feeding guest that attended the burial, virtuous acts carried out on behalf of the deceased, etc? Should I have a record of all funds and assets belonging to the estate before signing off any document? 

Distribution of estate: Munasakhah

Question: 

1. My mother passed
away in September 2010



2 .My father passed away October 2018 leaving three daughters and a son as
heirs



3. Properties are owned by my father, but He bought all in my mother's name



4. When my father was Alive he wished that his properties should be equally
divided among his children, that is one son and three daughters



My question is: 



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