Is it permissible for a Muslim to spend all his wealth or bequeath it?

The Shaykh : Yes. As for the price, it is in the bequest. A bequest, or a donation in the state of illness, is not permissible for him to exceed one-third by consensus, if it is the feared illness of death or if it is a bequest, he is not allowed more than one-third by consensus. However, if a person is healthy or ill with an illness from which death is not feared, he is free with his wealth; if he spends it all, that is allowed. But with that, people differ and circumstances also differ. In a state of dire necessity, we may ask a person to spend more, and in a state of abundance, he spends less. Likewise, regarding a person known for his strong reliance upon Allah and his ability to earn, we say there is no harm in spending all your wealth. And regarding a person known for the opposite, we say do not spend all your wealth. People differ.