7. What Is Trust? A trust is a legally binding agreement in which a settlor transfers legal control to a trustee to manage and administer assets for the benefit of a beneficiary . It is a way to set assets aside through a special agreement that has specific rules governing it and cannot be revoked.
9. What Is Foundation? It is a Non-Profit Organization that supports Charitable Activities to serve the common good. Foundation are often created with Endowments-money given by Individuals, families or Corporations. They generally make grants or operate programs with the income earned from investing the Endowments. 3 Basic Types - Independent Foundations - Corporate Foundations - Community/Public Foundations
10.
11. Legacy To Community & Family The Financial Mechanism “O you have attained to faith! Spend (on those who are in need and on what the whole society needs) out of the good things which you have legitimately earned, and out of that which We bring forth for you from the earth…” (Surah Baqarah Ayat 266)
12. 1. Leveraging your Gift 1. Single sum donation-$ Appointed Beneficiary(ies) Financial Institution 2. Pledge plan 3. Tax-Free Benefit. Leveraging-$$$$$ Donor/Settlor Amount: One single sum donation
13. Single Sum Contribution Note: This is not a policy contract. Please see precise terms and conditions in the policy document.
14. Surah Yusof – 12.46 to 4.48 Joseph! O thou truthful one! Expound for us the seven fat kine which seven lean were eating and the seven green ears of corn and other (seven) dry, that I may return unto the people, so that they may know. (46) He said: Ye shall sow seven years as usual, but that which ye reap, leave it in the ear, all save a little which ye eat. (47) Then after that will come seven hard years which will devour all that ye have prepared for them, save a little of that which ye have stored. (48)
19. 2. Leveraging your Gift 1. Regular Annual Contribution-$ 3a. 1/3 estate to Charitable Organization(s) 2. Financial Institution 3. Tax-Free Benefit. Leveraging-$$$$$ Donor Amount: Discounted Dollar @3cts* x 20 yrs to earn S$1.00 3b. 2/3 estate to Family
20. Surah An ’ Nisa – 4.10 to 4.12 Lo! Those who devour the wealth of orphans wrongfully, they do but swallow fire into their bellies, and they will be exposed to burning flame. (10) Allah chargeth you concerning (the provision for) your children: to the male the equivalent of the portion of two females, and if there be women more than two, then theirs is two-thirds of the inheritance, and if there be one (only) then the half. And to of his parents a sixth of the inheritance, if he have a son; and if he have no son and his parents are his heirs, then to his mother appertaineth the third; and if he have brethren, then to his mother appertaineth the sixth, after any legacy he may have bequeathed, or debt (hath been paid). Your parents or your children: Ye know not which of them is nearer unto you in usefulness. It is an injunction from Allah. Lo! Allah is Knower, Wise. (11)
21. And unto you belongeth a half of that which your wives leave, if they have no child; but if they have a child then unto you the fourth of that which they leave, after any legacy they may have bequeathed, or debt (they may have contracted, hath been paid). And unto them belongeth the fourth of that which ye leave if ye have no child, but if ye have a child then the eighth of that which ye leave, after any legacy ye may have bequeathed, or debt (ye may have contracted, hath been paid). And if a man or a woman have a distant heir (having left neither parent nor child), and he (or she) have a brother or a sister (only on the mother's side) then to each of them twain (the brother and the sister) the sixth, and if they be more than two, then they shall be sharers in the third, after any legacy that may have been bequeathed or debt (contracted) not injuring (the heirs by willing away more than a third of the heritage) hath been paid. A commandment from Allah. Allah is Knower, Indulgent. (12)
31. About Will in Islam Surah Al ’ Baqarah – 2.180 It is prescribed for you, when death approacheth one of you, if he leave wealth, that he bequeath unto parents and near relatives in kindness. (This is) a duty for all those who ward off (evil). (180)
32. Tentang Wasiat SURAH AL BAQARAH 2.180 Diwajibkan atas kamu, apabila seorang di antara kamu kedatangan (tanda-tanda) maut, jika ia meninggalkan harta yang banyak, berwasiat untuk ibu-bapa dan karib kerabatnya secara makruf, (ini adalah) kewajiban atas orang-orang yang bertakwa.
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