If you are in the United Arab Emirates (UAE) and have good finances, you must draft your will to avoid family property disputes after death. The drafting of wills and trust agreements is helpful in smoothly transferring the property. However, you will need a lawyer in Dubai to manage trust agreements and help with estate planning. Flexible options are available to ensure that wills and trusts are transferred easily in the UAE. Lawyers who are supposed to deal with Wills and Estate, Succession Planning, etc can be called as lawyers or UAE national lawyers. UAE national lawyers is not a certification, and this is the short name for those who are Emirati nationals. UAE National Lawyers can be found online as well as word of mouth. Any lawyer in Dubai is always with a license and professional degree.
Is Will Important?
The will is a document that contains all the information about the person’s property and how they would like to distribute it amongst their loved ones, especially after their death. The lawyers in the UAE ensure that each individual’s will does justice to their heirs. If the will is not made in the UAE, then the assets will be disseminated according to SHARIAH LAW or the local inheritance laws. SHARIAH law is a separate debate and subject, which we can’t describe here. We will throw the light in some other blog and that will be also defined by our expert lawyers and legal consultants.
Requirements to Make a Will in UAE
You must meet a few requirements to draft a will in the UAE. You must be mentally sound and be 21 years old or older. It means you should be able to make a good decision by being in your senses. Since property distribution is serious, you must seek professional legal assistance. In your will, you must clarify the intention of distributing the assets in the way you have decided to. Moreover, there should be one person you allow to read your will after your death. In most cases, the lawyer can be trusted with the will. However, if you have minor children, their guardians shall be mentioned in the will. For drafting services when it comes to hire the legal services and support, then we suggest to hire the Dubai based lawyers and legal consultants from Emirati law firms in Dubai.
What is a Trust Agreement?
The wills are recognized globally and are usually made when a person has real estate investments and assets. Some individuals have also developed trust agreements to ensure that the beneficiaries get benefits after the transfers of assets. If you have a trust or a foundation, your assets are protected, and you can manage your tax planning better. There are different authorities in the UAE who can deal with trust agreements.
Why is Estate Planning Important?
To protect your assets, you must do good estate planning. You can control your property by distributing your property in our lifetime so that no disputes or unintended beneficiaries are taking over your property. Estate planning and its importance is a quite vast topic. Therefore we suggest to deal with Dubai lawyers having expertise and exposure in Wills and Estate as well as Estate Planning.
Prevention of Intestacy Laws through Valid Will
You should make a will if you want to distribute the assets according to your desires. Otherwise, the property is distributed according to intestacy laws in the UAE. Moreover, you can avoid confusion amongst the potential heirs; they do not have to go through any court trials.
Relax After Making a Will
By drafting a will or a trust agreement, you can live a peaceful life as you will know how you have distributed your property amongst the beneficiaries. The will is a legal document that protects family property and avoids conflicts among family members.
Should I Choose a Lawyer for Wills and Trust Agreements?
It is important to hire a lawyer because property laws are complicated in the UAE. Protecting your property and assets is only possible if the legal expert helps you create the right legal document, such as a will or a trust agreement. You only need to meet a lawyer with expertise in managing wills and trust agreements in the UAE.
