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 15:10 2017 Tuesday ,20 June

Gold hits 4-week low on firm dollar

GMT 22:04 2017 Tuesday ,31 January

UAEU College of Science first in region

GMT 16:50 2017 Thursday ,09 March

Don’t go to conflict zones, Indians urged

GMT 06:41 2017 Sunday ,29 October

London house-buyers get lift from Brexit

GMT 15:49 2017 Wednesday ,20 December

Trump, May host first call since row over retweets

GMT 11:08 2017 Tuesday ,19 December

UN warns of drug-resistant germ risk brewing in nature

GMT 15:24 2017 Sunday ,08 October

7 killed in airstrike on refugee camp in Syria

GMT 22:37 2017 Wednesday ,25 October

Shaikh Nasser applauds IAAF President’s efforts

GMT 09:04 2017 Monday ,13 February

10 best ways to get a promotion at work

GMT 05:26 2017 Saturday ,11 February

Gold retreats as Trump tax pledge lifts dollar

GMT 13:49 2017 Thursday ,09 March

Stoinis gets nod for India on bowling strength

GMT 12:41 2017 Friday ,10 November

Prime Minister strongly condemns Quetta blast

GMT 12:31 2017 Wednesday ,29 March

Qatar Airways Wins 'Airline Of The Year' Award

GMT 10:41 2017 Thursday ,11 May

EBRD sees moderate pick-up in region’s growth

GMT 17:55 2016 Wednesday ,07 December

Oil falls on production cut skepticism

GMT 02:51 2017 Saturday ,02 September

Yogyakarta Tourism To Develop Even Faster

GMT 20:27 2017 Sunday ,27 August

Pope Tawadros opens 1st Coptic church in Japan
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