DIFC Wills

How will it work? DIFC Wills and Probate Registry

Today marks the launch of the new ‪‎DIFC Wills and Probate Registry, allowing non-Muslim expats to register their last will and testament. But what does this mean? How does it differ from the current system?

How does the current Sharia law will system work for expats?

Current in the Dubai and the UAE unless you have assets significantly over the value of 75,000AED it’s not worth having a will. But why such a large amount? A will is seen as an appeal against Sharia law (the asset distribution) so automatically goes to the court of appeal which costs 75,000AED to action. When we talk about assets this doesn’t include property, this means bank accounts, cars, and jewelry etc. Property is a lot more complicated and is often divided under Sharia Law. Typically a wife would inherit around 1/8th of her and her husband’s estate (including join bank accounts and her own bank account if it’s onshore and she is on her husband’s visa) and a husband would inherit 1/4th of his wife’s estate, the rest would be divided between family members.

What do we know about the new DIFC system?

  • To lodge a will at DIFC it will cost 10,000AED which is significantly cheaper than the current system in the long run.
  • The will CAN include immovable assets such as property, however only assets in Dubai can be listed.
  • Only non-Muslims over the age of 21 can lodge a will at DIFC.
  • The court system is based on 70% British law and 30% American law
  • Guardianship documentation can be lodged with your will, however it is still important to have the stand alone document.

 

For more information about DIFC wills:

Visit: www.finsbury-associates.com/book-appointment

Call: +971 (0) 45674500

Email: info@finsbury-associates.com