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Expat Wills

How to: Pay for registering your DIFC expat will in installments

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Partnership to offer zero per cent easy payment plans up to 12 months – making Will registration easier in Dubai

A little more than one year ago, DIFC Wills came into force that ensured the wishes of the testators are carried out even when it comes to immovable property in Dubai.

The registration of these wills has now been made easier as DIFC Wills & Probate Registry (WPR) has announced a new partnership with Emirates NBD to ensure that for the first time ever, individuals that want to secure their assets in Dubai can now do so for a manageable monthly cost.

The relationship will see Emirates NBD offering zero per cent payment options to their customers over the period of up to 12 months upon registering a Will with WPR. It has been specifically designed to offer peace of mind to people who are looking to spread the costs of registering a Will, whether they are living, investing or conducting business in Dubai.

More banks are expected to follow Emirates NBD in offering the option to their customers.

Sean Hird, Director, DIFC Wills & Probate Registry, commented, “Registering a will this way means that people will have immediate peace of mind knowing their hard earned assets are safe and their succession will be in line with their personal wishes. Now our customers can also spread the payments at no extra cost over three to 12 months.”

The registration of a single will is Dh10,000 and that of two mirror wills is Dh15,000. The Wills & Probate Registry is based on international best practices to give residents and non-residents a legal solution and the freedom to dispose assets as they wish after their death.

DIFC Wills & Probate Registry is the first jurisdiction in the Mena region where one can register an English language will under internationally-recognised common law.

By virtue of these Wills and Probate rules, individuals with assets in Dubai now will have the ability to register will in the English language that creates legal certainty for the inheritance of their assets after death. It is a simple and efficient mechanism to pass on their estates according to their wishes, says DIFC.

Before these wills came into being, expats could only safeguard their interest as far as the movable assets are concerned but fell short if there were any immovable assets in the country.

Publish date: 29/08/16 15:16
Source: Emirates 24/7, Published on 02 July 2016

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