Establishing a will is a key step for anyone living in Dubai, particularly for expatriates who want to ensure their assets are handled according to their wishes. The cost of making will in Dubai can vary based on factors such as the complexity of your estate and the type of will you choose. However, the investment is well worth the peace of mind it provides.
Control over asset distribution:
One of the primary benefits of having a will in Dubai is the ability to control how your assets are distributed. For non-Muslim residents, this is especially important, as a will allows them to bypass automatic Sharia-based distribution. This control lets you specify beneficiaries and ensure that family, friends, or even charitable organizations receive the inheritance you intended.
Appointing guardians for minor children:
A will allows parents to designate guardians for their minor children, providing assurance that children will be cared for by trusted individuals. In the absence of a will, guardianship decisions for children are often left to the local authorities, who may appoint guardians according to their discretion or local laws. By naming guardians in a will, you can secure a stable future for your children in a way that aligns with your values and family preferences.
Reducing family disputes:
A well-drafted will reduces the chances of disputes among family members over asset division. By clearly stating your wishes and detailing specific allocations, you leave little room for ambiguity or misunderstanding. This clarity not only minimises conflicts but also nurtures family harmony, as everyone understands the distribution process is being followed according to your explicit instructions.
Simplified probate process:
Having a will can significantly simplify the probate process for your loved ones. The probate court generally oversees the process of asset distribution, and having a clear will expedites this procedure. For non-Muslims who register their will with the DIFC Wills Service Centre, probate is often even faster and more efficient, reducing the administrative burden on your family during a difficult time.
Asset protection for multiple properties:
Many expatriates own properties or investments both in Dubai and abroad. An inclusive will allow you to cover your local and international assets, ensuring they are all protected and passed on to your chosen beneficiaries. Without a will, there could be significant delays in transferring ownership, particularly if the assets are in multiple jurisdictions.