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.
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