IA, KSA replied on Thursday, December 6, 2012 03:30 PM PST
A bundle of thanks for Mr.Kaisrani
@ Khan-1 , the law of inheritance is applicable for all your assets regardless which you got by inherit or earn by yourself. This law is applicable after death of a person and even "Will" is applicable after a death of a person. During his life he is Free to spend his assets , he can donate all or can give Gift to some one during his life but our Prophet PBUH prohibited to do this and advised not to abandon inheritors and do not donate or gift all your assets during your life and even for "Will" He allowed 1/3 of your assets which will be applicable after the death.Assets are considered which are left over after death of owner, during his life he can spend as he likes, but if he wish that his assets should be utilized as per his desire after his death then he can prepare "WILL" which will stipulate beneficiaries but it will be for 1/3 assets only the rest will be divided as per law of inheritance.
@Mansoor
Dear "Will" is always applicable after death of owner, during life time no law of inheritance or "Will" is applicable |