Creating a will is crucial in ensuring that your assets and final wishes are protected and carried out according to your desires. In Dubai, having a legally recognized will provide peace of mind and security for residents and non-residents. This article will explore the registration process, cost, and benefits of creating a will in Dubai.
Registration process:
Registering a will in Dubai involves several steps to ensure its validity and legal recognition. The process typically includes the following:
Consultation: Seek advice from a qualified lawyer specializing in wills and estate planning. They will guide you through the process and help you draft a comprehensive will that meets your specific requirements.
Drafting the will: With the assistance of your lawyer, you will draft a will that clearly states your wishes regarding the distribution of assets, the appointment of guardians for minor children, and other pertinent instructions.
Witness and notary: The will must be signed in the presence of two adult witnesses who are not beneficiaries named in the will. Additionally, it is advisable to have the will notarized by a notary public to validate its authenticity further.
Registration: To ensure the legal recognition of the will, it is essential to register it with the Dubai Courts or the Dubai International Financial Centre (DIFC) Wills and Probate Registry, depending on your circumstances and jurisdiction. Registration involves submitting the required documents and paying the applicable fees.
Cost:
The cost of registering a will in Dubai varies depending on several factors, such as the complexity of the will, the involvement of a lawyer, and the jurisdiction in which the will is registered. It is advisable to consult with a legal professional to understand the specific costs associated with your situation.
Benefits:
Creating a will in Dubai offers several important benefits, including:
Asset distribution: A will allows you to specify how your assets, including properties, bank account, investments, and personal belongings, will be distributed among your chosen beneficiaries. This ensures that your assets are distributed according to your wishes, minimizing the potential for disputes and ensuring a smooth wealth transition.
Appointment of guardians: If you have minor children, a will enables you to appoint guardians who will care for them in the event of your passing. This ensures that your children are cared for by individuals you trust and who share your values.