After
the approval of Will registration for non-Muslims in 2016, legal consultants
in Dubai have been reminding their clients to register their Wills
to protect their assets. Wills are crucial legal documents that contain the
plans of testators regarding their assets and their beneficiaries.
Almost
8 million expats are residing in the UAE who have either set up their business
in the country or invest in property to call it their home. This is why the
government and the Dubai International Financial Centre (DIFC) courts
recognized the need to establish an innovative legal solution for non-Muslim
residents or investors.
Many
expats fail to put measures in place to protect their families and their
assets. All it takes is to appoint legal firms in Dubai
specialized in drafting Wills to arrange the proper legal documents not just
for your benefit but for your loved ones as well.
Here are the rules on Wills for
non-Muslims you should know:
Asset distribution. The presence of a Will ensures
that your assets are distributed as per your instructions. Many expats are
unaware that in the absence of a Will, the UAE courts are obligated to apply
the Sharia Law when it comes to the distribution of your moveable and
immoveable assets. This will make the transferring of your assets after death
costly, time-consuming, and filled with legal complexities for the person you
left behind.
As
per Sharia Inheritance Law, the distribution of assets shall be towards legal
heirs and descendants, who may be composed of parents, siblings, spouse,
children, and grandchildren. As for non-Muslims, they are given the option to
choose not to apply the Sharia Inheritance Law in terms of the distribution of
their assets.
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Motei & Associates, team is among the top Dubai law firms offering a wide range of services
from Wills, commercial transactions, and dispute resolutions. Call them at +971
4 435 5959 today!
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