As an expat living in Dubai, have you ever wondered what will happen to your assets and your children if you pass away or your spouse passes away? Yann Mrazek, Managing Partner at M/Advocates of Law, held a comprehensive workshop on this subject for FBC members and we want to share highlights with you.
Overview
The DIFC Wills and Probate Registry (“DIFC WPR”) has been launched on May 4, 2015. As such, it represents a fundamental step forward for the jurisdiction. It aims at addressing with certainty succession and inheritance matters of non-Muslims both residents and non-residents with assets in Dubai. It is the English language registry. Based on international best practice, the DIFC WPR provides the freedom you need to dispose of your assets. Moreover, the DIFC WPR gives certainty and looks after your family through a range of guardianship provisions.
To learn more, please watch a webcast presentation by Yann Mrazek (https://stepwebevents. avtclient.co.uk/Yann_Mrazek) or check out a recent article on this topic (http://whatson.ae/dubai/ knowledge/36916/every-expat- dubai-needs-will-get-one/).
Discount for FBC members
M/Advocates of Law offer FBC members special discount rates for wills. Their public rate for assistance in registering a single or two mirror wills that includes drafting and acting as a witness is currently set at USD1,500 and USD1,800 respectively. FBC members are entitled to special discount rates of USD950 for a single will and USD1250 for two mirror wills.
We hope that you will make better-informed decisions now that you know more about the options offered by the DIFC WPR.
Anna Vänskä
Board Member and Treasurer, Finnish Business Council