The relocation to the UAE is associated with numerous benefits especially to the UK expatriates who want to have a safe and reliable life in Dubai. Although the majority of individuals think well before making their career choices, investing in their property, and raising their families, there is an important point that is commonly ignored. The one thing that is lacking is the need to have a proper Will and estate planning in Dubai among expatriates.
You should have a Will as long as you own property, bank accounts and investments, and you have dependents on the UAE. In Dubai, UAE, assets will be allocated through local laws on inheritance without a registered Will in a court. This may leave your bank accounts frozen, subject your family to a long court process, and unjustified stress.
We, Flyingcolour®, are an entity that assists the expatriates in protecting their properties and loved ones by way of an organized Will and estate planning in Dubai. This is a manual that simplifies all the details, such as expenses, legal charges, and the entire procedure of creating a Will.
How to Make a Will in Dubai
A lot of UK expats would like to learn how to write a Will in Dubai, and it is a simple procedure provided that it is done in a proper way.
The initial one is the definition of your assets in the UAE. These can be a real estate, savings, vehicles, investments as well as business interests. You should also make a decision on who to inherit these assets and on who to execute this duty.
The second thing is to choose the right Will registration authority. Dubai The Dubai Courts, DIFC Courts, or Abu Dhabi Judicial Department are the places where the Wills can be registered by the expats of Dubai, depending on the specifics of their case.
This must then be formally prepared by a professional who must make sure that the Will is legally binding and is a clear representation of your desires. After this, it is signed and witnessed and registered formally with the authority of his choice.
Finally: revise and refresh your Will every time you have had a significant life change, like getting married, having a child or buying a house.
Will Writing Dubai UK Expats
Will writing Dubai is a certain development that is created exclusively to serve the non-Muslim residents. The UK expatriate will perhaps tend to include in his Wills that follows the principles of the English law, yet at the same time, it will be legal and fully compliant with the UAE laws.
A well written Will will guarantee your assets are given to your selected beneficiaries without the additional court intercession. It also enables parents to name guardians to minor children; this is a significant point to be taken into account by the families which reside abroad.
Will writing in Dubai is easy, transparent, and legal at Flyingcolour®, which guarantees the peace of mind of the UK expats.
The Dubai best will and estate planning
The Dubai best will and estate planning maintenance is all the matter of your own and economic condition. No single solution exists.
There are also expatriates that need a minimum of a Will that will cover the bank accounts and the vehicles. Some have to have a thorough estate planning to solve the ownership of property, business assets, or beneficiaries in more than one country.
Efficient estate planning also considers the tax exposure, protection of assets and long term succession planning. Advice that takes into account both the UAE and UK legal framework is of most benefit to the UK expats.
Professional planning will avoid confusion, time wastage and the unforeseen family outcomes.
Dubai Will and Estate Planning Prices
It will enable you to spend with confidence on your financial planning by knowing about the fees involved in will and estate planning in Dubai. There are different fees based on the type of Will, the complexity of the Will and the registration authority of choice.
The list of costs usually includes drafting fee, registration fee imposed by the court, and translation fee in case of necessity. There are those that have fixed charges and others, which charge depending on the Will type or the value of the assets.
Online templates might appear to be cost-effective, but they are usually inapplicable to the UAE legal requirements. The short term savings in money can result in much more legal and financial issues in the future.
Expats Will in Dubai Cost