There Is Room for Religion in an Estate Plan

According to Wealth Management in "Religion and Estate Planning," religion and estate planning can intersect.

This may be particularly important if you have minor children. You might want to ensure that funds are available for religious schooling.

Also, some religions have specific instructions about how property should be divided between heirs and others have prohibitions on collecting interest that might be relevant to allowable transactions the estate can make.

As there are many different religions and many different levels of belief, it is impossible to list every possible example.

What does all this mean to you? If you want to make sure your religious beliefs are reflected in your estate plan, then you need to hire an estate planning attorney and let the attorney know what your beliefs are.

An estate planning attorney can guide you in an estate plan that reflects your beliefs.

Reference: Wealth Management (Sept. 27, 2016) "Religion and Estate Planning"

Comments

[ndemi]

This religion thing is being over emphasized

[purity mbogo]

religion and estate planning should also be guided by the law of the land..