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 06:32 2017 Monday ,13 March

Reveals secret of presenting "Armouti" film

GMT 14:23 2018 Friday ,30 November

Saudi Arabia pledges $50 million to UNRWA

GMT 10:06 2012 Friday ,27 April

Ali El Deek: I reject Asala’s attack on Assad

GMT 17:59 2017 Wednesday ,15 November

CCI meeting starts

GMT 03:42 2017 Wednesday ,19 July

Gunmen kill 4 police in southwest Pakistan

GMT 08:40 2017 Thursday ,20 April

Corruption row threatens Brazil's economic reforms

GMT 21:18 2017 Wednesday ,08 March

Nasr probes with WB, IFC 2017 doing business report

GMT 05:59 2017 Wednesday ,05 April

Car sales in US plummet again

GMT 03:18 2017 Thursday ,31 August

January21st-February19th

GMT 14:16 2017 Thursday ,23 March

ACCL to bring animated classics to life

GMT 12:46 2012 Wednesday ,19 December

Youssef death rumours refuted

GMT 02:58 2017 Wednesday ,22 February

Putin refuses to expel US diplomats, looks to Trump

GMT 13:23 2017 Wednesday ,18 October

Weinstein scandal signals end for 'dinosaur' men

GMT 06:08 2017 Saturday ,07 January

BlackBerry unveils secure embedded software platform
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 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

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