Preparing a will Dubai is essential in ensuring that your assets are distributed according to your wishes after you pass away. In Dubai, specific legal requirements must be followed when preparing a will. Here are some steps to follow when preparing a will in Dubai:
Determine your assets:
The first step in preparing a will is determining what assets you own and how you want them distributed. This includes real estate, bank accounts, investments, and personal property. It will help if you also consider any debts or liabilities that you may have.
Choose an executor:
An executor is responsible for carrying out your wishes after you pass away. It would help if you chose someone you trust and capable of handling the role’s responsibilities.
Consult with a lawyer:
In Dubai, it is recommended that you consult with a lawyer when preparing a will. A lawyer can ensure that your will complies with all legal requirements and that your wishes are properly documented. A lawyer can also advise you on any tax implications of your estate plan.
Draft your will:
Once you have determined your assets, chosen an executor, and consulted with a lawyer, it is time to draft your will. Your will should be clear and concise and should include instructions for how your assets should be distributed.
Witness and notarize your will:
In Dubai, your will must be witnessed by two witnesses who are not beneficiaries of your estate. A notary public must also notarize your will.
Store your will:
After your will has been drafted, witnessed, and notarized, it should be stored in a safe place. You may store it with your lawyer or in a secure location in your home.
Review and update your will:
It is essential to review and update your will periodically to ensure that it reflects your current wishes and any changes in your financial situation. You should also review your will after significant life changes, such as marriage, divorce, or childbirth.
Preparing a will in Dubai is essential in ensuring that your assets are distributed according to your wishes after you pass away. By following these steps and consulting with a lawyer, you can ensure that your will complies with all legal requirements and accurately reflects your wishes. Remember to store your will in a safe place and review and update it periodically to remain current.