Liechtenstein is a Great Jurisdiction for Sharia Compliant Succession Planning

Muslims are required to arrange their affairs such that their estates are distributed pursuant to Sharia law's share system.

THE PROBLEM

This is easily accomplished with assets located within a Sharia law country because estates are, by default, distributed according to Sharia law's share system.

Ensuring assets located outside of a Sharia law country are distributed in accordance with Sharia law is not quite so straight forward, however. The reason is that many countries don't recognize Sharia law and, absent advanced planning, will distribute estates in accordance with local law rather than Sharia law. Even if the country where the assets are located recognizes Sharia law estate distribution principles, they likely won't recognize the concept of plural marriage, meaning assets passed to any wife, other than the first wife, would likely be subject to estate tax.

THE SOLUTION

A Sharia law compliant holding structure is the answer. A properly structured Sharia law compliant holding structure will ensure assets are passed to heirs in compliance with Sharia law, while reducing or eliminating estate and other taxes.

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Hi! I am Jimmy Sexton, LL.M. – Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning.

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--------------------------------------------------DISCLAIMER--------------------------------------------------------
This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.

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