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Absence of a UAE will: The hidden risk UAE property owners face

by Dubai News
1 year ago
in Top News, UAE
Absence of a UAE will: The hidden risk UAE property owners face
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Many property owners remain unaware of the consequences of passing away without a UAE will

Thousands of investors and residents buy property across the UAE, but many of them overlook a significant risk – leaving their assets unprotected. This oversight can leave the assets with legal uncertainty after they pass away, making it difficult for their families to claim them.

One way of managing this risk is to make a legal document known as a will. A will in the UAE ensures that all assets are passed on according to the owner’s wishes including real estate, vehicles, bank accounts, business interests, and even end-of-service benefits.

While a will in the UAE provides the legal framework to protect your assets, putting it into place requires the right legal guidance. That’s where Legal Inz makes its mark, as a leading and trusted law firm in the UAE. For over a decade, Legal Inz has assisted thousands of residents and investors with will drafting and registration across the UAE. The firm has earned a strong reputation with an exceptional team of DIFC-registered lawyers dedicated to assisting clients with estate planning. Additionally, Legal Inz offers 100 per cent remote services at remarkably affordable fees, ensuring expert legal support is always within easy reach of residents and non-residents.

A secure future for your loved ones

“Writing a will isn’t just for the wealthy — it’s for anyone who wants a secure future for their loved ones,” says Muhammad Tariq, Managing Partner of Legal Inz. “A registered UAE will removes uncertainty, prevents legal delays, and gives families the clarity they deserve during difficult times.”

Legal Inz offers a streamlined experience for making a will, starting with a legal consultation to understand the requirements and provide tailored advice, followed by end-to-end assistance with will registration in the UAE.

Securing your assets should be as important as buying them. Having a registered will in Dubai or elsewhere in the UAE allows individuals to specify beneficiaries who will inherit their assets, avoid unnecessary delays that could leave them in limbo, and ensure their legacy is protected exactly as they intended. Most people are unaware of the fact that a will can also state guardianship for your minor children. Through a will, you can appoint legal guardians for your children if you pass away before they turn 21.

A fact not known to many is that when someone passes away in the UAE, their bank accounts are frozen within a short time. The accounts are only accessible until a court order is issued. Having a registered UAE will significantly expedites this process for the family members of the deceased.

Thus, having a legally registered will is crucial. Expatriates can register their wills in Abu Dhabi through the ADJD or opt for the DIFC Wills and Probate Registry in Dubai, ensuring their assets are protected and distributed according to their wishes.

In a world where tomorrow is never guaranteed, having a legally recognised will isn’t just smart, it’s essential. Property owners and expatriates in the UAE should seriously consider creating a legally binding will to avoid leaving their families in a complicated and stressful situation.

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