Personal Finance
Question on Will Writing for Muslims
By Wilfred Ling, The IFA on Duty  •  April 22, 2013

Question: Wilfred, I asked a lawyer to write a Will for me so that I can bequeath 90% of my estate to my wife and the remaining equally among my children but he charges me at a price that is too expensive. I am a Muslim. Can you help me?

Answer:

A Muslim can only Will up to 1/3 of his estate. Moreover, the beneficiaries must NOT be his own family members. To be precise, the beneficiaries of the Will cannot be Faraid beneficiaries. This means you cannot Will to your wife, sons, daughters, mother, father, etc. You can check out the law society website HERE in which section D(i) and D(ii) state the 1/3 rule and the beneficiaries can only be 'non-Faraid". The definition of "Faraid" is found on section E which you'll find are basically the testator's family members.  This means writing a Will does not meet your requirements ...

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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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