What is a will?
A Will is a legal document that expresses a person’s desires or instructions for the distribution of their property or assets and the designation of a guardian, either temporary or permanent, after your death.
A Will also allow you to appoint guardians for your minor children and specify any other wishes you have regarding your affairs.
We aim at ensuring that your Wills is legally sound and accurately represents your wishes.
Drafting and Registrations of Wills:
Draft & Register a Will to Protect Your Assets in the UAE
Ever consider what will happen to all your expensive possessions and assets situated in the UAE after your passing? If not, now is the moment to start thinking about how to preserve your assets before it is too late.
If you are an expatriate, the UAE courts will apply Sharia Law to all your assets (both movable and immovable) and divide your assets that are based in the UAE in accordance with Shariah law in the absence of a Will. Additionally, all regulations regarding inheritance and guardianship shall follow Sharia Law. When it comes to inheritance or property distribution, Shariah law has a set of established regulations. For illustration:
– The wife is given one-eighth of the whole asset.
– Each parent receives 1/6.
Consequently, it is usually advisable to draft a Will and register it while you are still alive. In the UAE, there are several ways to safeguard your priceless possessions. The most popular option among them, particularly for expats, is to draft a suitable Will and register it with the concerned authorities in Dubai.
The advantages of registering your will in the UAE
You can choose your national law as the one that will regulate the distribution of your assets in the UAE under the Will you made to manage those assets.
When a father dies, a Registered Will assures that the living parent continues to be the minor children’s guardian. The other parent runs the danger of not being named as the minor children’s guardian if there is no will.
Whether it is a single or joint account, the bank account immediately freezes following the death of an account holder. However, if you have a Will, the surviving spouse or the beneficiary in the Will can have complete authority over your financial accounts once the probate procedure is done.
According to UAE legislation, if family members’ visas are connected to the dead individual, they must depart the country within 30 days. This implies that before departing the UAE, family members must quickly and effectively handle any significant inheritance concerns.
To settle the division of assets and appointment of guardians within such a short time frame, having a Will is a crucial step.
Where can a Will be registered?
Wills can be registered at the Dubai Court or the Dubai International Financial Centre (DIFC) or Abu Dhabi Judicial Department.
When it comes to Wills Drafting & Registration Services in the UAE, the team at Legal Maxims Consultants is the most dependable because they are outfitted with experienced specialists in these areas.
Please do not hesitate to contact us if you would like more information about Wills Drafting & Registration in UAE.