Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Case 2: Mrs. Ani is currently 80 years old. She is a single mother and has a blessed 10 children which includes two adopted sons

Case 2: Mrs. Ani is currently 80 years old. She is a single mother and has a blessed 10 children which includes two adopted sons and two autistic daughters. Recently she had health issues, and she is thinking of doing estate planning. What worries her is the welfare of her autistic daughters where she is planning to send them to a private center known as i-Special Centre and donate a total of RM100,000 to the center. Here are lists of her assets; Cash in the bank (RMI million), Unit Trust (principal + profit = RM50,000), car financing debt (RM100,000), home financing debt (RM700,000), land (RMI million), KWSP (RM1.5 million), and personal financing debt (RM50,000).

As a financial advisor, assist Mrs. Ani to do estate planning based on the Shariah requirement.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Auditing An Introduction To International Standards On Auditing

Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage

2nd Edition

0273684108, 978-0273684107

More Books

Students also viewed these Accounting questions