Importance of having a Will in UAE:
In case of an expat living in the UAE, below are some regulations that will be applicable to assets and estates based in the UAE:
– In the absence of a Will, the guardianship of children below 21 years of age may be determined by the courts as per the UAE Law.A duly registered Will can ensure the appointment of the wife as the guardian of the minor children.
– For security and safety of the financial assets, bank accounts, other valuables, having a Will is helpful.
– The bank accounts, single as well as joint account will be frozen upon the death of an individual. Hence, for the spouse to have control over the bank account the Will comes handy.
– The dependent’s visas are cancelled and will be given a one-month grace period to stay in the country for the proceedings and then leave to the home country. A Will helps in claiming the rights during such instances.
– UAE follows Shariah Law for distribution of assets. Non-Muslims, however, are given the option to choose to opt out of the application of the Shariah Law for the distribution of their assets in the UAE. If the signatory does not have a Will, Shariah Law is applied by default to the distribution of all the assets in the UAE.