What happens if I do not have a Will in Dubai
- The Official Website for the Government of Dubai states that the UAE courts will adhere to Sharia Law where there is NO Will. As an Expat resident of Dubai the ONLY way to avoid your assets being distributed using the set method used under Sharia law is to have a legally recognised Will.
- The Abu Dhabi Courts will have to decide what happens to your children if both parents die. Without a Will to legally appoint Guardians to take care of your children, it is left to the Courts to decide.
- Your loved ones may have to wait longer for your Abu Dhabi assets to be distributed if you do not have a legally compliant Will. This can often cause financial hardship for the family you leave behind.
- Your Abu Dhabi bank accounts including joint bank accounts may remain frozen for longer whilst the banks wait for a Sharia Court Order to give them the authority to release funds.
- The legal cost of settling your estate in Abu Dhabi may be higher if no Will exists as lawyer and advocates will spend more time in Court dealing with your case.
- If you have a business in Abu Dhabi and your Memorandum and Articles of Association for the Company do not provide adequately for the death of a director, complications will arise.
Publish date: 08/11/10 12:46
Source: EXPAT WILLS