Getting to Know About Wills in the UAE

A will is a legal document that specifies how a person wants his affairs and assets managed. Moreover, it determines how the asses are disposed of or distributed after his demise. A well wrote and carefully thought will holds up to legal analysis.

In addition to that, it leaves a little room for interpretation and possible disputes. It can be modified, rewritten, or revoked during the person’s lifetime. the Dubai lawyers have people with explicit knowledge and experience to guide you through.

Types of Wills

There are three basic types of wills that are mentioned below.

·         The simple Will

A simple will covers the most important key points of stating the will. Naming a person who you want to execute your will is the first step. The next step is to stipulate who will receive your assets. Finally, you are supposed to name a guardian for your children, if applicable.

·         The Testamentary Will

This kind of will establishes a trust that contains assets. After it, the person puts it into the hands of a trustee who manages it for a specified period. The trust is usually established for the benefit of either children or mentally incapacitated individuals.

This is the reason why the specified period must be stipulated in the will. It should specify the age that the beneficiaries must reach to receive the assets or a milestone they must cross.

·         The joint Will

Generally, this type of will is used by partners or married couples. This document has an aim to combine two wills in one. When one testator passes away, all his/her assets are transferred to the co-testator.

When both parties die, the executor is notified. After it, the wishes of the deceased are carried out with regards to the distribution of assets, etc. the Dubai lawyers are there to help you if you don't know the legal procedure to proceed.

Conclusion

Therefore, if you are planning to write a will in the UAE, you must hire Dubai lawyers. It will keep you from disputes over the assets. Moreover, it can help you gain the trust of your partner as well. You should determine the will of your assets to eliminate the confusion.

These will writing services have not confined their services to one state of the UAE. They provide their services to all the states of the UAE including Ajman, Fujairah, Abu Dhabi, etc.