If your loved one is given the status “presumed dead”, the family members will not have closure as they do not know whether their loved one is dead or alive.
The main issue of step children is that they have no legal position in the Intestate Succession Act. Therefore, one might unintentionally exclude one’s estate from deserving step-children if no proper estate planning is done.
Islam is not only a religion; it is also a social-economic-political system. Therefore, to a Muslim, Islam is a way of life. Understand and appreciate certain Islamic estate planning ideas.
With having assets overseas, there are serious estate planning issues to think through, and it is natural that most of these foreign assets promoters do not like to talk about such things.
You receive significant life insurance proceeds from your brother’s estate meant for the 3 children under your care. What do you do to ensure that you exercise your duty as guardian responsibly?