Creating a will in the UAE is a vital step in estate planning to ensure that your assets and properties are distributed according to your wishes after your demise. Must understand the following important things before drafting a will in UAE:
Identification of assets and beneficiaries:
Clearly identify and list all your assets and properties that you wish to include in your will. This may include real estate, bank accounts, investments, vehicles, jewelry, and personal belongings. Specify how you want these assets to be distributed among your beneficiaries, ensuring clarity to avoid ambiguity or disputes.
Appointment of executors and guardians:
Appoint one or more executors who will be responsible for administering your estate and ensuring that your wishes, as outlined in the will, are carried out. Executors should be individuals you trust to handle financial matters competently and impartially. If you have minor children, consider appointing guardians who will take care of their upbringing and welfare in your absence.
Debts, liabilities, and funeral arrangements:
Include provisions for settling any outstanding debts, liabilities, or obligations you may have at the time of your death. Specify how these debts should be paid off using your assets. Additionally, you may outline your preferences regarding funeral arrangements, burial or cremation wishes, and any specific instructions related to your memorial service.
Alternative beneficiaries or contingencies:
Include provisions for alternative beneficiaries or contingencies in case any of your primary beneficiaries predecease you or are unable to inherit for any reason. This ensures that your assets are distributed effectively even if circumstances change after drafting the will.
Legal formalities and signatures:
Ensure that your will meets the legal formalities required in the UAE. The will must be in writing, signed by you (the testator) in the presence of two witnesses who are not beneficiaries or their spouses. Witnesses must be competent individuals who are at least 21 years old and of sound mind. After signing, the will should be notarized by a notary public in Dubai or registered with the DIFC Wills Service Centre, depending on your chosen jurisdiction.
Drafting an inclusive and legally valid will in the UAE involves careful consideration of these essential elements. Seek guidance from legal advisors or notary publics specializing in wills and estate planning to ensure that your will complies with local laws and effectively protects your interests and those of your loved ones. Regularly review and update your will to reflect changes in circumstances, ensuring that it continues to accurately reflect your wishes and provide peace of mind regarding the distribution of your assets in the UAE.
