Estate Planning Behaviour: A Systematic Literature Review

Faziatul Amillia Mohamad Basir, Wan Marhaini Wan Ahmad () and Mahfuzur Rahman
Additional contact information
Faziatul Amillia Mohamad Basir: Department of Finance, Faculty of Business and Economics, Universiti Malaya, Kuala Lumpur 50603, Malaysia
Wan Marhaini Wan Ahmad: Department of Finance, Faculty of Business and Economics, Universiti Malaya, Kuala Lumpur 50603, Malaysia
Mahfuzur Rahman: Department of Finance and Economics, College of Business Administration, University of Sharjah, Sharjah 27272, United Arab Emirates

JRFM, 2023, vol. 16, issue 2, 1-21

Abstract: Estate planning is a financial tool for an individual to manage wealth upon his incapacitation or death. Although there are numerous studies on estate planning, there still needs to be an effort to systematically review the estate planning measurements. The paper aims to systematically review the literature published between 1990 to 2021 and evaluate the measures of estate planning and its methodological qualities. The systematic literature review process was guided by the PRISMA protocol, where the articles were selected based on established databases such as WOS, SCOPUS, and Google Scholar. The final sample of 24 articles was reviewed for the estate planning measurement, and it was found that previous studies examined estate planning as a tool for financial, wealth distribution, and succession planning. The measurements of only 10 studies were found to be sufficiently validated, rendering other studies under review to be inadequate in establishing sound empirical conclusions. This review contributes to assisting future researchers in choosing well-validated measurements of estate planning and adapting them accordingly to each context.

Keywords: planning measurement; estate planning; Islamic estate planning; systematic literature review (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1911-8074/16/2/84/pdf (application/pdf)
https://www.mdpi.com/1911-8074/16/2/84/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:16:y:2023:i:2:p:84-:d:1052474

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().