For expatriates living in Dubai, making a will is important and also a crucial step in ensuring their assets and affairs are handled according to their wishes in the event of their passing. While the idea of creating a will with the help of Just wills Dubai may seem daunting or unnecessary for some, there are several compelling reasons why expats should prioritize this legal document:
Protection of assets:
Making a will allows expats to specify how they want their assets to be distributed upon their death. Without a will, the distribution of assets is determined by the laws of intestacy in Dubai, which may not align with the expat’s wishes or cultural or religious beliefs. By creating a will, expats can ensure that their assets are distributed according to their preferences, whether it’s to family members, friends, charities, or other beneficiaries.
Guardianship of minor children:
For expat parents with minor children, making a will is essential for appointing guardians to care for their children in the event of their death. Without a will, the decision of who will assume guardianship of minor children may be left to the courts, which may not always choose the most suitable guardians. Making a will allows expat parents to designate trusted individuals to care for their children and provide for their upbringing according to their wishes.
Avoiding legal complications:
In the absence of a will, the process of administering an expat’s estate can be complicated and time-consuming, leading to disputes among family members and beneficiaries. By making a will, expats can clarify their intentions and instructions regarding the distribution of their assets, minimizing the risk of legal challenges or disputes among heirs. A well-drafted will can help streamline the probate process and ensure a smooth transition of assets to the intended beneficiaries.
Protecting business interests:
Expats who own businesses or investments in Dubai should also consider making a will to protect their business interests and ensure continuity in the event of their passing. A carefully crafted will can specify how ownership and management of the business will be transferred to heirs or successors, preventing disruption to operations and safeguarding the future of the business.