- Irrecovable insurance nominations
- Recovable insurance nominations
- CPF Nominations
- Will (up to 1/3 of estate to non-heirs)
- Irrecovable inter vivo trusts...
Written by Wilfred Ling Thursday, 22 March 2012
MUIS has issued a new fatwa permitting Muslim to make recovable nomination on their insurance policies. Previously, only irrecovable nominations were permitted. With this, there are 5 estate planning tools available for Muslims: