Planning for tomorrow and the days after… Will you benefit from the new DIFC rules? - 9th Feb
- Event Date
- Mon, 09 February , 2015
- , Dubai,
- Facebook Gallery
Victoria Perkin and Leah Cimino, Solitors at TWS Legal Consultants presentation focused on the important upcoming changes due to take place in early 2015, namely the establishment of the ‘DIFC Wills and Probate Registry'.
The DIFC Wills and Probate Registry will mark the introduction of a new set of rules relating to succession and inheritance matters for non-Muslims with assets situated in Dubai. The proposed rules will significantly change the manner in which wills are used within Dubai and will allow a non-Muslim individual to pass on their Dubai estate and make provisions for guardianship in accordance with their wishes.
Victoria and Leah presentations also touched on the UAE Inheritance and Guardianship Rules. According to their presentation regardless of whether you are of Muslim or non-Muslim faith, writing a will to cover your assets, and putting guardianship documents in place to secure arrangements for your children in the event of your death, is an important process. The combination of being a national of one country and a resident of another gives rise to complicated issues that requires specialist knowledge, advice and careful planning.
Victoria and Lea gave an insight into the Sharia inheritance and guardianship laws that prevail in the UAE, and how these differ depending on your nationality and religion.
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