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:

1. Irrecovable insurance nominations
2. Recovable insurance nominations
3. CPF Nominations
4. Will (up to 1/3 of estate to non-heirs)
5. Irrecovable inter vivo trusts...

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