Overview of Wills
Why Is a Will Required in the UAE?
Distribution of assets
Guardianship
Bank accounts
Cancellation of visas
Types of Wills in the UAE
Notary Public Will
Dubai International Financial Center (DIFC) Wills
- Full Will
- Property Will
- Business ownership Will
- Financial assets Will
Abu Dhabi Global Market (ADGM)
According to Law No. 15 of 2017 Concerning Administration of Estates and Implementation of Wills of Non-Muslims in the Emirate of Dubai, the requisites to register the Will in the UAE include the following:
- The testator must be a non-Muslim.
- The validity conditions for the Will must be satisfied.
- Nomination of an executor and the procedure for disposing of the property.
- The testator must have signed the Will or affixed his seal or fingerprint to it, in the presence of two (2) witnesses.
- The text of the Will must not have been altered by deleting or erasing any part thereof, or by adding or inserting new text.
- All the fees prescribed by the legislation in force in the Emirate must have been paid.
Wills for Muslims in the UAE: A Muslim can only Will 1/3rd of his property to non-family members, including non-Muslims, after paying back all his debts. This value of 1/3rd can be increased if all the legal heirs allow the testator, through consent, to do so.
- Property Will
- Financial Assets Will
- Business Owners Will
- Guardianship Will
- Full Will
Before the assets in the UAE can be transferred to the legal heirs of the deceased, the family must file an inheritance case in the personal status court in the relevant Emirates. Subsequently, the court will order the relevant authorities to transfer the shares in accordance with Shari’a law. Succession planning as per Shari’a law is a more suitable process for Muslims because Shari’a law predefines the percentage of shares to be transferred to the legal heirs, and the testator cannot do injustice to the legal heirs.
Succession planning includes drawing up a will and/or filing a succession case in the personal status courts of the relevant Emirates. The non-Muslims rely on the will, and in the absence of the will, the testator files a succession in the personal status court of the relevant country. Both processes are mediums for the transfer of assets to the legal heirs after the death of an individual.
In conclusion, drafting a Will is not just about distributing assets; it’s about ensuring your legacy lives on according to your wishes. Gatestone Group’s will services offer peace of mind and legal assurance, empowering you to protect your loved ones and preserve your estate. With our expert guidance, you can navigate the complexities of estate planning with confidence.
Ready to safeguard your legacy and ensure your loved ones’ future? Gatestone Group will assist you in registering a Will that reflects your values and secures your family’s future. Schedule a consultation today and take the first step towards peace of mind.
Frequently Asked Questions
- Property Will
- Financial Assets Will
- Business Owners Will
- Guardianship Will
- Full Will
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- +971 52 410 0849
- info@gatestonegroup.com
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