Having a current, legally valid will in every jurisdiction in which you hold assets is a key aspect of any financial plan. A will is an obvious measure to ensure that your wishes are respected and fulfilled after you’ve gone.
A will written in your home country may not be valid in your current country of residence. This could result in leaving your family without access to valuable assets for a significant period, and they may not receive them at all.
To help ensure that your assets are protected, wherever in the world they might be, we’ve partnered with a leading international will-writing specialist. We’ll work together to gain a thorough insight into your complete financial position and arrange for the relevant wills to be put in place.
UAE courts, in general, adhere to Sharia Law in any situation where there is no Will or if the deceased haven’t left a Will specifying otherwise. It is therefore important to have a Will in place which accurately reflects who you wish to benefit from any assets held in the UAE.
Generally, any assets can be covered by a UAE Asset Will which may include real estate property, monies, investment accounts, bank accounts, insurance policy proceeds, valuable jewellery, cars and personal or household belongings that are legally owned by the deceased.
A Guardianship Letter is a private declaration which is intended to serve as an interim document regarding care of minor children.
A Guardianship Letter should therefore not be equated with a Last Will & Testament and is prepared as an unregistered document.
Expat parents in the UAE should appoint Guardians, both “Interim Guardians” and “Permanent Guardians” for their children. Failure to make such provisions may leave children exposed to uncertainty in terms of their caretaker particularly in the absence of both natural parents.
An Interim Guardian is someone nominated by the parents of the child and is available in the UAE to care for the minor child on an immediate basis, up until the child is united with the Permanent Guardian.
A Permanent Guardian is usually a family member who lives overseas, perhaps in the testator’s home country, and is nominated by the natural parents of the minor child to care for the child on a more permanent basis.
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