Re: Working Moms/SAHM/Wives/Financially Independent Women
This is a good point. If you have significant assets, and the distribution of wealth at the time of death of the husband is that his brothers and sisters inherit that wealth…well you just handed YOUR wealth and inheritance as a woman to your sister in law and brother in law, something you don’t need to be doing. Meanwhile if you died, because your wealth is in your husband’s bank account, your sister/brothers/mom/dad would not get anything.
That’s if you will do inheritance Islamic fashion. In the West, we can write wills, and do what we want with inheritance, so it can be different.
I still think that if a woman has significant assets, it’s not a bad idea to keep things separate. Helps when you or your husband dies, the right people get the money they deserve.
In the West, Islamic laws are not upheld, so it’s always a good idea to have a Will written, even if you’re young. Designating who would get what after you die. You don’t want your husband and his family to inherit everything and your living parents/siblings to not get anything.