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Expat Wills

DIFC registry records 650 wills in 2015

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Seventy per cent of the wills registered were executed by both husbands and wives. This number has significantly increased over the past few months.

The DIFC Wills and Probate Registry, or the Registry, registered 650 wills in 2015. Launched in May 2015, the Registry provides non-Muslim expatriates with legal certainty and the ability to register English language wills covering Dubai estates that allow their assets to be transferred upon death according to their wishes.

Of the 650 registered wills, the majority of registrants are from Europe, making up 55 per cent of the registrants, 27 per cent are from India and the rest are expats from across the world, including Asia, Africa and the Americas.

Seventy per cent of the wills registered were executed by both husbands and wives. This number has significantly increased over the past few months.

The Registry has launched a mobile application called 'DIFC Wills' which allows a simple appointment booking system. It will also double the capacity for will registrations from mid-January onwards in response to rising demand.

Mihaela Moldoveanu, senior manager at the Registry, said: "We encourage people with a Dubai estate, who consider making a will, to seek professional legal advice to draft their wills. Thereafter, they can make use of our online platform to book their will registration appointment."

Succession planning

Alastair Glover, principal associate, Wragge Lawrence Graham & Co, said: "The Registry satisfies the demand for an effective succession planning solution for both Dubai assets and the care arrangements of minor children. Prior to the establishment of the Registry, the lack of certainty surrounding the Dubai estate caused many families great unease.

"For our clients who have chosen to base themselves in Dubai, the relief and peace of mind they get from registering wills with the Registry is very apparent."

The Registry signed a memorandum of understanding with the Dubai Land Department and the Department of Economic Development to allow for a straightforward probate process when transferring a person's property to their chosen beneficiaries.

Publish date: 29/08/16 14:49
Source: Khaleej Times, Published on 07 January 2016

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