LIFE INTERESTS AND INTER-GENERATIONAL TRANSFER OF PROPERTY AVOIDING THE LAW OF SUCCESSION

in Islamic Law and Society
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Abstract

However highly eulogized as an intellectual and legal achievement, in practice many individuals consider that the Islamic law of succession would, in their particular circumstances, produce an inappropriate distribution of their estate. Several tactics have been utilized to avoid the application of the law of succession to some or all of the property. These tactics are either inconvenient to the donor (hiba) or can no longer be relied upon with confidence (South Asian hiba-bi'l-'iwad and waqf). This essay focuses on less well known transactions involving the transfer of, or the reservation of, rights in the usufruct. Hiba of the corpus combined with a reservation to the donor of rights in the usufruct permits the donor to enjoy the benefits of the property until death, while securing transfer of the property to chosen successors in a manner which completely avoids the law of succession.

LIFE INTERESTS AND INTER-GENERATIONAL TRANSFER OF PROPERTY AVOIDING THE LAW OF SUCCESSION

in Islamic Law and Society

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