The UAE is home to a global society and becomes known as a melting pot of the world’s different cultures. With more than 200 nationalities from different parts of the globe living harmoniously in a safe and progressive country. Many expatriates living here are unaware of the Will process, the transferring of assets after death and recognised by the UAE legal system. It is a measure undertaken to protect families or heirs of their assets.
CRESCO Legal, a Global-Local Firm offers an extensive solution and approach in guarding your assets, investments and securing the future of your loved ones.
The two most important branches of Estate Planning are the Wills and Guardianship.
The DIFC WPR (Dubai International Financial Centre, Wills & Probate Registry) is the first in the Middle East to provide will registration to non-Muslims locally and abroad. This would be the optimal legal solution in protecting your assets, family and businesses in all seven emirates in the UAE, as well as offshore assets or in different jurisdiction after death.
It 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. Simple and efficient mechanisms for non-Muslims are provided by the DIFC WPR to pass on their estates according to their wishes.
Guardianship is a legal relationship between the child and a guardian, which gives the guardian the responsibility to make all necessary decisions relevant to the child, with regards to shelter, health, welfare, education and is therefore legally liable for the child.
It is important to have responsible and trustworthy family members or friends who are ready to take the responsibility and assist your children when you are not around.
To ensure that your intentions are communicated effectively when it comes to the care of your children, should the unthinkable happen, we urge every parents to make sure they have any form of a Guardianship document in place.
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