Guardianship of Property
Introduction
Guardianship is the management by an adult of the person and property of either a minor or an insane or disabled adult. In Islam, guardianship is divided into two categories, namely, guardianship over:
>> the ward's property; which expires upon the child reaching the age of majority (18), unless for reasons of insanity or other disability, the ward remains unable to take care of himself or to manage his property accordingly;
>> the ward's person; which expires in the case of a male child upon him reaching the age of puberty and a female child upon her marriage.
Who has Guardianship priority?
The father shall be the first and primary natural guardian of the person and property of his minor child, and when he is dead, the legal guardianship devolves upon one of the following persons in the stated order of preference:
>> Father's father
>> Executor appointed in the father's Wasiat
>> Father's father's executor
>> Father's father's executor's executor
At as-Salihin we can offer parents of young children and those with disabled dependents our services to act as guardian of their respective ward's property and maintain the following benefits:
>> Preservation of assets
>> Protection of assets
>> Maintains and provides for needs of beneficiaries
>> Professional and financial security
>> Confidentiality and professional management of assets
Source: Islamic Estate Planning, as-Salihin Trustee Berhad
Please contact Mansid at abdrahaman@gmail.com (013-366-1242) for more information
Authorised Estate Planner for as-Salihin Trustee Bhd.
Introduction
Guardianship is the management by an adult of the person and property of either a minor or an insane or disabled adult. In Islam, guardianship is divided into two categories, namely, guardianship over:
>> the ward's property; which expires upon the child reaching the age of majority (18), unless for reasons of insanity or other disability, the ward remains unable to take care of himself or to manage his property accordingly;
>> the ward's person; which expires in the case of a male child upon him reaching the age of puberty and a female child upon her marriage.
Who has Guardianship priority?
The father shall be the first and primary natural guardian of the person and property of his minor child, and when he is dead, the legal guardianship devolves upon one of the following persons in the stated order of preference:
>> Father's father
>> Executor appointed in the father's Wasiat
>> Father's father's executor
>> Father's father's executor's executor
At as-Salihin we can offer parents of young children and those with disabled dependents our services to act as guardian of their respective ward's property and maintain the following benefits:
>> Preservation of assets
>> Protection of assets
>> Maintains and provides for needs of beneficiaries
>> Professional and financial security
>> Confidentiality and professional management of assets
Source: Islamic Estate Planning, as-Salihin Trustee Berhad
Please contact Mansid at abdrahaman@gmail.com (013-366-1242) for more information
Authorised Estate Planner for as-Salihin Trustee Bhd.
Affinity to the property owner is not always required but is recommended as the real estate custodian.
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