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Displaying 1 to 4 of 4 articles |
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Articles by henrik grimpson |
1. Shia and Islamic Inheritance - how different is it?
March 21, 2012
Islamic Inheritance is a an obligation, a fara’id, for all Muslims of all “schools of thought” without exception. I had often heard from clients in my private practice, particularly those from Lebanon, that for the Shia, the rules are different in that boys and girls get exactly the same share of in...
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2. Shocking study! Wealth and family do not mix well.
March 16, 2012
Your wealth and your children are but a trial, and Allah has with Him a great reward. -Quran, 64:13
A “phenomena” cited by Forbes magazine recently cited a study by “the Williams group” found that 70% of intergenerational wealth transfers fail. This is from a study of 3250 families who tra...
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3. Details About Islamic Inheritance and IRA and 401(K) Plans
March 13, 2012
The area of IRAs and 401(k)s is full of mythology. Its important to clear this area up so that more Muslim families can know about the Islamic inheritance of the IRA. These are plans with some perceived tax advantages, the ability to defer tax and for “traditional” IRAs and 401(k) plans (th...
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4. Islamic Inheritance and the retirement pensions
March 03, 2012
There are several types of pension plans are there. Defined benefit pension plans are one of them. The principle of the defined benefit pension plans is there will be a contract for the employee to get paid a part of their salary right after their retirement which is unique among several retirement ...
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