If you’re currently living in Dubai or are looking to move there in the future, legacy planning in the form of a will is one of the most important aspects to consider. Why? Keep reading to find out.
As we’ve explained before, if a patriarch unexpectedly passes without a will, all assets and other parts of a potential inheritance for descendants will be subject to Sharia Law inheritance protocols and go into probate in the local Emirati court system. In the UAE, inheritance law falls under the control of Sharia Law.
We know that it’s essential to know that everything is determined before the unlikely event of your passing. But how can you avoid this from happening? The DIFC Wills Service Centre, formerly known as the DIFC Wills & Probate Registry, can help. There have been some recent changes to this centre and in this article we’ll let you know how this will impact your processes.
First: What is the DIFC?
The DIFC Wills Service Centre is a initiative of both Dubai’s government and local courts to provide non-Muslim residents of Dubai with the option of using their will from their country of origin as their active one, passing on their assets and appoint guardians for their children as they wish. The service offers four types of wills to suit your needs:
Guardianship Will
Business Owners Will
Financial Assets Will
Full Will
For all the relevant information about these specific kinds of wills, check out this publication.
Benefits of DIFC Services
DIFC includes all your assets in Emirati territory and lets British citizens be subject to the Common Law of Inheritance. If you’re from another country, then it would be subject to your country of origin’s local estate laws.
Changes to DIFC Wills Centre Regulations
So, what are the changes to the legislation that you should take into account when amending or drafting your documents in the DIFC Will Registry? These amendments result from the Dispute Resolution Authority Order No. 3 of 2019 and are now active.
Expanded Asset Reach for DIFC Wills
Before 30 June 2019, those who were registering a will in the DIFC could only include assets that were in Dubai or Ras Al-Khaimah. Now, you can add all assets anywhere in the world. If you already registered a will under the prior rules, you can go ahead and amend it to include your worldwide assets. And if you have any doubts, you can contact us to see if these additions will hold up in other countries’ court systems.
Electronic Copies
One of the updates introduced in the new rule changes was that the electronic format that the registry guards for non-Muslims will now be considered the original copy. Should you need it, you can request a physical copy.
Witnesses
This specific change may be more inconvenient for some because while a DIFC Wills Centre officer could serve as a witness, you must now supply two independent witnesses to sign your will.
What constitutes an independent witness? An independent witness is someone who is not a beneficiary of the will (or a guardian in the case of a Guardianship Will) or the spouse of a beneficiary.
Ready to Prepare or Amend your Will at the DIFC?
If you would like to learn more about DIFC Wills, such as using an inheritance calculator or probate fees, the Legacy Planning team at Europe Emirates Group is ready to help.
Whether it’s a Letter of Wishes, amendments, starting your will from scratch or even safeguarding your original documents in our facilities, we have everything you need to order your affairs and avoid an undesirable outcome for your intended beneficiaries.
Begin your journey at the DIFC Wills Centre by contacting us today.
Written by
Adrian Oton
CEO, Europe Emirates Group