The kindest thing you can give your family is peace of mind.
Make your Will known for the sake of your loved ones
As an expat living in the UAE, you need to get a Will written to ensure that your relatives back home don’t face all sorts of administrative stress if you pass away. In fact, we would argue that just about anyone who has dependents and/or assets needs a Will, no matter where they are living.
If you die ‘intestate’ that is, without a proper Will, you have no say in who will receive the assets you have carefully built up and they will be distributed in accordance with the law of the land, and that may not be to your spouse and children. You also get no say in who would be the legal guardians of minor children.
It is hard enough to lose your husband or wife, or parents, but a tough time is made harder still if there is no Will to say who receives everything, especially if you get caught up in legal difficulties which can be costly and time-consuming, as well as very stressful.
Writing a Will, and you may need more than one for different countries, is an opportunity to do the right thing for your family. And with money, and your children’s future at stake, it is critical to go about it the right way.
Organising the right Will can also reduce taxes payable on death and, at the very least, you need to be aware of both the consequences of not doing it as well as the benefits. We all want to leave the right legacy and take care of our loved ones and a properly written Will allows you to do just that, even when you are no longer around.
Take advantage of our legal partnerships to make your Will watertight. And take advantage of our experience to anticipate family issues whilst you can still do something about them.
We know how much this matters, that it can be a tough topic to address so we are here to help you with the core part of your personal financial planning, this mainstay of protecting your family and assets.
Why do you need a Will?
To protect your family
If you don’t make a Will, on your death you will have died ‘intestate.’ This can be as painful as it sounds for your loved ones, who may suffer financial hardship and distress whilst your affairs are sorted out, at a time when they least need it.
To ensure you have control
Without a Will, you will have no control over who will inherit what you own. In the case of intestacy, who inherits what depends on which of your relatives is alive at your death and how large your estate is. Spouses may not receive everything and charities, friends and unmarried partners will definitely not receive anything. It also takes much longer to sort out.
To secure your children's future
If you are a parent of young children but do not have a Will you will have no control over who looks after them should anything happen to you. In such circumstances, the courts will appoint someone on your behalf and that could well be someone that you would not have chosen. If you make a Will, you can appoint guardians of your choice who will look after your children until they reach the age of 18 in the way you would want for them.
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History and Heritage
Holborn Assets was established in 1998 and is widely considered to be the financial services company of choice in the expatriate market it serves. No other independent company can match our expertise or depth of proposition. We have therefore always felt at home headquartered in Dubai, the world’s fastest growing City State and one of the economic wonders of the world.
Holborn Assets has regulated operations in the UK, Europe, Asia and South Africa and a global administration hub employing 150 people in Sri Lanka. The corporate DNA that has underpinned our growth is simple: we are passionate about helping people put the right money, in the right place, at the right time.
We are a friendly, family company with British values of integrity and respect for all.