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WILL PREPARATION SERVICE - Horizen Light

WILL PREPARATION SERVICE WITH DIFC WILLS

WILL PREPARATION SERVICE WITH DIFC WILLS

PROTECT YOUR FAMILY AND YOUR ASSETS IN THE UAE


Our experts will help you understand the type of will options available and which one is right for you. DIFC provides a common law environment for non-Muslims to draw up a will in English to determine how their assets should be distributed if they pass away. All seven emirates in the UAE are covered by DIFC Wills, which ensure non-Muslims’ estates are not subject to the UAE Shariah law. The assets can include real estate, cash, possessions, company shares, bank and brokerage accounts and more.

TYPES OF WILLS OFFERED BY DIFC WILLS REGISTRY

The DIFC Wills Registry provides various types of wills tailored to individuals’ diverse needs. These include the Full Will, covering comprehensive asset distribution and guardian appointments; the Property Will, specifically for Dubai property owners; the Business Owners Will, facilitating smooth business asset transfer; the Guardianship Will, ensuring care for minors; and the Financial Assets Will, focusing on monetary resource distribution. Each type caters to specific aspects of an individual’s estate and ensures clarity and adherence to their wishes, offering peace of mind for the future.

DIFC Full Will

This will encompasses both asset distribution and the appointment of guardians, providing a comprehensive solution for individuals seeking to safeguard their estate and ensure the welfare of their dependents.

DIFC Financial Assets Will

This pertains to funds, shares, or securities held in a UAE bank or financial institution. It allows for the inclusion of up to 10 individual bank accounts or shares across multiple accounts, whether held solely or jointly, offering a comprehensive solution for managing financial assets and ensuring their distribution according to the individual’s wishes.

DIFC Guardianship Will

This encompasses funds, shares, or securities held within UAE banking or financial institutions. It allows for the inclusion of up to 10 distinct bank accounts or shares across a maximum of 10 different accounts, whether registered solely or jointly. This provision offers a comprehensive approach to estate planning, ensuring the orderly distribution of financial assets according to the individual’s preferences and circumstances.

DIFC Property Will

This pertains to real estate holdings in the UAE, allowing individuals to designate beneficiaries for a maximum of five properties or a share in up to five real estate properties located within the UAE. This provision facilitates the orderly transfer of property ownership according to the individual’s wishes, offering clarity and assurance in estate planning matters.

DIFC Business Owners Will

This facilitates the seamless transfer of business shares without the need for probate proceedings. It allows for the appointment of a beneficiary for up to five distinct shareholdings in either a free zone or UAE onshore company. To be eligible, the individual must hold shares in a UAE-incorporated company operating under UAE Federal Law. This provision streamlines the succession process for business assets, providing clarity and efficiency in estate planning matters.

Services

Our Group is committed to helping clients

Our time-tested process saves you time and money, while removing the headaches of beginning your journey. We know the game. We have the networks. We are the leaders in this space.

Who We Are

Service
01.
Business Setup
02.
Buisness Planning
03.
Business Option
04.
Stakeholder Relations

Business setup in Dubai (or anywhere in the UAE) can be complicated. Decisions need to be made which can affect your journey and shape your success. Jurisdiction? Free zone or mainland?

The signing process is straightforward. To register a Will, the testator must visit the DIFC Courts Wills Service offices situated at Dubai International Financial Centre and formally sign the Will in the presence of a Wills Service officer. The officer acts as a witness to the signing of the Will, ensuring its validity and legality.

The executors have all the powers conferred by the DIFC Will, the DIFC Wills & Probate Registry (DIFC WPR Rules) and DIFC law. Any person over the age of 21 years can be appointed as an executor by the person registering his Will under the DIFC WPR Rules.

Wills registered with the Dubai Courts are applicable across all emirates. The Dubai International Financial Centre (DIFC), recognized as a financial Free Zone, possesses authority to apply international law rather than UAE law in financial affairs.
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