WILLS_
CRESCO LEGAL UAE_
Take a step towards Estate Planning
Register a Will in the United Arab Emirates (UAE)
It’s always better to make all the important decisions in your life, while you are healthy and living. Hoping that others would manage your finances and assets according to your wishes might not always come true. In same cases may even cause conflict within some families.
The only way to be sure, that your wishes happen your way, is by preparing a Legal document – “Will”, while you are living. A Will is a Legal written document, which allows you to nominate and outline on how and who you would want to distribute your assets and estates to once the times comes.
A Will allows a person to decide which individual could best serve as the executor of his estate, distributing the assets fairly to the beneficiaries.
People living in the UAE are subject to Sharia law when it comes to the handling of estates. Preparing a will is one of the possibilities, to avoid a distribution of a heritage based on Sharia law.
The DIFC WPR (Dubai International Financial Centre, Wills & Probate Registry) provides assistance to suitable people to register their Wills according to the principles of testamentary freedom, meaning the freedom to dispose of their property upon death as they see fit.
This would be the optimal legal solution for protecting your assets, family and businesses in all seven emirates in the UAE, as well as assets abroad after death.
The United Arab Emirates is the first jurisdiction in the Middle East where non-Muslims can prepare a Will under international recognised Common Law principles in the DIFC WPR only and exclusively.
Simple and efficient mechanisms for non-Muslims are provided by the DIFC WPR to pass on their estates according to their wishes.
The MoU between the DIFC Wills & Probate Registry (WPR) and Dubai Land Department (DLD) ensures the rapid facilitation of probate court orders covering the Dubai assets of those who have registered their Wills with the DIFC WPR.
Assets covered by a DIFC Will can now extend cover beyond Dubai and Ras Al Khaimah, and include assets located in all seven Emirates and abroad.
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Guardianship Will
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Owners Will
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- DIFC wills can be registered in the DIFC Wills Service Centre office or via Virtual Registry.
- Mirror Wills would apply to a married couple who wish to register their DIFC Wills at the same time
- Virtual Registry does not support the ‘Mirror Will’ option. Hence, only Single Wills can be registered through the Virtual Registry.
Wills registration for Muslims_
- The will is enforceable within the limit of one-third of the testator’s estate, after paying the rights thereon and is valid beyond this third, within the limits of the share of the major heir who accepted it. Article (243) Federal Law No(28) of 2005 of the UAE Personal affairs.
- A will may not be made to an heir unless approved by all other major heirs; it is then executable on the share of the one who consented. Article (250) Federal Law No(28) of 2005 of the UAE Personal affairs
Our experts are trained and qualified in the writing of wills. They are approved wills draftsmen at the DIFC.
