Planit:Asset Beneficiaries for Faraid

Country Specific

Canada English
{{{Canada Workbook Template}}}

United States of America
{{{United States Workbook Template}}}

Argentina
{{{Argentina Workbook Template}}}

Brazil
{{{Brazil Workbook Template}}}

United Kingdom
{{{United Kingdom Workbook Template}}}

Russia
{{{Russia Workbook Template}}}

China
{{{China Workbook Template}}}

Malaysia

== Example Problem One: == After interviewing your clients, Nidal Dhakir and {{{Female Name}}}, you have informed them of the Islamic issues with the division of estate, and have agreed that all of the assets are to go to the estate, and then distributed as a percent of the whole estate. Since the personal use assets have already been divided as matrimonial assets, these too can go to the estate. The following accounts are NOT subject to probate fees: {{{Accounts not subject to Probate}}} Answer: After selecting your clients from the Client Search page, return to the home page, and change the drop-down menu option under Client Data Entry to Risk Management. Click on the menu link taking you directly to Assets and Liabilities. Click on Edit beside {{{Female Account 1}}} The Subject to Probate box should be {{{Probate Check on Account 1}}}. Set the beneficiary to {{{Beneficiary for Account 1}}} Click Save Click on Edit beside {{{Male Account 2}}} The Subject to Probate box should be {{{Probate Check on Account 2}}}. Set the beneficiary to {{{Beneficiary on Account 2}}}. Click Save Click on Edit beside {{{Joint Account 3}}} The Subject to Probate box should be {{{Probate Check on Account 3}}}. Set the beneficiary to {{{Beneficiary on Account 3}}} Click Save Repeat steps {{{Repeat steps for Personal Use}}}: Personal Use Account Note: Since you identified the personal use accounts as 50/50 ownership, the Web Advisor will only show the half of the account going to the beneficiary of the estate, the other half will stay with the surviving spouse.

Singapore
{{{Singapore Workbook Template}}}

Hong Kong
{{{Hong Kong Workbook Template}}}

India
{{{India Workbook Template}}}

Israel
{{{Israel Workbook Template}}}

Caribbean
Jamaica {{{Jamaica Workbook Template}}} Trinidad and Tobago {{{Trinidad and Tobago Workbook Template}}} Barbados {{{Barbados Workbook Template}}} Bermuda {{{Bermuda Workbook Template}}} Bahamas {{{Bahamas Workbook Template}}} Puerto Rico {{{Puerto Rico Workbook Template}}}

Go to the exercise to test your knowledge on designating asset beneficiaries in preparation for an Islamic distribution of the estate.