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Have you prepared will for your properties in UAE.
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Date: Tuesday, September 22, 2009
Category:
Region: (Abu Dhabi,Dubai and )
Description: If you are an expat residing in UAE and if you have property investments or assets in UAE, chances are your family will face problems if you don’t have a properly prepared Will.
Back in your country, for example in the UK, there may be statutory laws (intestacy rules) in place to guide the distribution of property if you don’t leave a Will. But the situation will be drastically different if you are in Dubai, as here the disbursement of your assets follows Islamic Sharia Law. Sharia Law insists on fixed share allocation (each family member gets a fixed share based on some parameters) and the wishes of the deceased can’t be fulfilled unless supported by a properly documented Will. So if you are an expat having a bank balance, assets or an investment in Dubai, a registered Will can help your loved ones avoid prolonged legal labyrinths in case of your sudden demise.
Dying in a foreign land without a Will becomes much complicated if the deceased has debts or other dues in that country. Hence an Indian Expat dying intestate in Dubai may be leaving much worry to his family than assets. In the event that the deceased leaves no will and he is a Muslim, Sharia laws would apply and any debt or dues would be paid first prior to any other disbursement of property.
We are the Shariah Compliant Wills Specialists protecting Expat families and their financial assets for most nationalities and religions residing in Dubai, Abu Dhabi and most other UAE Emirates. We have many clients that use our specialist services to safeguard their property held in the UAE and other locations in the World.
The United Arab Emirates is essentially a civil law jurisdiction heavily influenced by French, Roman, Egyptian and Islamic (Sharia) law. Principles, such as adopting previous court judgments as legal precedents, are generally not recognized (although judgments delivered by higher courts are usually applied by lower courts).
If you have any money in a bank, savings or you own property in the UAE, making a valid Will that is professionally written and executed, will help protect your family and property, wherever it is situated in the world.
If you are interested we will help you to prepare your wills at very affordable price. Please send me your name and contact number so that our legal consultant will get in touch with you to prepare your wills in UAE and to leave you and family at peace of mind.
You can send request with title UAE Wills menon75@rediffmail.com
WHAT WILL HAPPEN IF I AM AN EXPAT AND I DON'T HAVE WILL WHILE LIVING IN DUBAI
If you have assets in the UK or your own Home Country and you do not leave a valid will, there are statutory rules under the laws of the UK or Home Country (generally called "intestacy rules") that determine who inherits your estate. However dying without a Will in Dubai is even more of a problem as your assets may be distributed in accordance with Islamic Sharia Law(Islamic Inheritance Laws). This law is very different from most legal systems and has a particular procedure based on a fixed share allocation system for the disbursement of a deceased assets to family members.
Unless you have no concern about the distribution of your estate from your Home Country and in Dubai after death, you should most definately make a Will and take professional advice on Estate Planning matters. If you do not, you will die intestate (without a Will) and your assets may be disposed of in a way that does not coincide with your wishes. Your family's problems will be even more complex if you own assets in more than one country, such as British UK Expats owning property in both the UK and Dubai. Dying intestate can also cause prolonged legal battles, to avoid this problem it is better to write your Wills abroad.
In addition your family will be faced with the problem that your Dubai and Abu Dhabi based assets may be frozen due to Dubai Muslim shariah aw and your bills, debts and mortgage will not die with you. This could leave a great deal of debt unpaid until your estate is finally dealt with by the Dubai Courts based on Shariah Law. Therefore we believe engaging the professional Will writing services of Expat Wills is a very important part of your life planning and will give you and your family peace of mind that your financial affairs are in order.
If you die intestate (without a legal last Will and testament) in the UK your estate will probably remain tangled up in probate for up to 2 years. However if you are an Expat resident of Dubai, dying without a legal Will and Last Testament is a far more serious matter.
As an Expat resident in Dubai it is very important that you make a properly valid and witnessed Will and Last Testament or living Will which can protect your assets both in the UK and in Dubai. A well thought out Will and Last Testament prepared by Expat Wills is simply good financial planning.
Most people living in Dubai prefer not to think about making a legal Will and Last Testament or living will. Yet have you ever considered the complications that might arise if the unthinkable happened whilst you were here in Dubai and you did not have a Will in place to protect your loved ones?
Assets such as money in the bank and property may not automatically go to your dependants if you die whilst residing in Dubai. Your immediate family may have to wait a very long time to benefit from your UK and Dubai based assets at a time when they desperately need money to live in Dubai, for funeral expenses or just to return to the UK.
There are often disputes within the nicest of families over property and other assets, however making a Will or living Will clearly indicating your wishes to your beneficiaries, will go a long way to resolving future arguments and disputes.
Most Expats in Dubai that already have a legal Will, might not be aware that your existing UK Will may not be valid simply due to a change in your personal circumstances. Your existing Will may need updating to a Sharia Compliant Will if:-
You are an Expat having money, assets or property in Dubai.
Should you marry or divorce either in Dubai or the elsewhere.
The birth or adoption of children in Dubai or elsewhere.
You wish to add or change guardians for children.
You have recently experienced a significant change in financial status either due to your assets in Dubai or elsewhere.
There has been a significant change in tax laws in the your Home Country or Dubai.
You have a requirement to change your beneficiaries.
The death or incapacity of a named Executor or Trustee.
You need to change personal details such as your residential address now that you are an Expat residing in Dubai or you need to alter some personal details of someone mentioned in your Will.
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