difc registered wills safeguard your uae assets
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

DIFC registered wills safeguard your UAE assets

Arab Today, arab today

Arab Today, arab today DIFC registered wills safeguard your UAE assets

DIFC registered wills safeguard your UAE assets
Dubai - Arab Today

I have read about people owning property being able to arrange wills to ensure Sharia law will not apply to them. However, this seems to only be the case if the property is in Dubai. I own three villas in Ras Al Khaimah, so is there anything I can do to protect them? I have a Dubai residency visa and a will in Australia, but I don’t think that will be recognised here. Do I have any options? CD, Dubai
A will written outside the UAE is not recognised in the courts in the UAE, so CD’s Australian will is not valid. There has always been the facility for non-Muslim expats to write wills for the UAE, but as the final distribution of assets is decided by the courts there was no guarantee that their wishes would be followed. This changed in 2015 when the DIFC Wills and Probate Registry was set up. Now non-Muslim expats have been able to draw wills with respect to assets in Dubai and the certain knowledge that their wishes will be followed in accordance with "common law" – which is internationally recognised – and that Sharia law would not be applied. Initially this applied to properties in Dubai only, but has recently been extended to Ras Al Khaimah. This means that any non-Muslim who owns property in RAK can have the same guaranteed options as those who own property in Dubai. There are a couple of different ways a will can be set up to include property in Dubai and/or RAK so professional advice should be taken. In essence a will needs to be written and then registered with the DIFC Wills and Probate Registry, but many people will also need to include other assets or guardianship of minors. If someone already has a full registered will and now wants to include property that they own in RAK, there is a charge of Dh550 for an amendment to an existing DIFC-registered will.
Keren Bobker is an independent financial adviser and senior partner with Holborn Assets in Dubai, with over 20 years’ experience.

Source: The National

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

difc registered wills safeguard your uae assets difc registered wills safeguard your uae assets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

difc registered wills safeguard your uae assets difc registered wills safeguard your uae assets

 



GMT 05:50 2017 Tuesday ,15 August

20 killed in Takhar funeral attack

GMT 04:51 2017 Thursday ,13 April

Huda Kattan among top 10 beauty influencers

GMT 09:44 2018 Saturday ,06 January

Aoun to deliver speech in Rome this afternoon

GMT 09:14 2017 Saturday ,30 December

London stocks end year on record high

GMT 11:47 2017 Monday ,11 December

France's rightwing shifts after Macron victory

GMT 04:49 2013 Monday ,27 May

Feng Shui living room concepts

GMT 19:45 2017 Wednesday ,18 January

The UAE Releases Global State of the Future Report

GMT 23:40 2017 Wednesday ,18 October

OIC condemns terrorist attack in Jeddah

GMT 16:41 2017 Saturday ,18 February

FBMA International Show Jumping Cup 2017 competition

GMT 17:43 2017 Tuesday ,14 February

Spanish activists taken to court over BDS activism

GMT 21:37 2017 Sunday ,02 July

Religious tourism lottery to be held on Monday

GMT 15:27 2017 Saturday ,24 June

US imposes ban on fresh Brazil beef imports

GMT 06:07 2017 Tuesday ,24 October

Air Force set to create new ISR unit with Global Hawk

GMT 03:49 2017 Thursday ,22 June

Dalai Lama says will visit Trump

GMT 03:52 2017 Sunday ,15 January

Drydocks World and GDRFA sign MoU partnership
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday