New personal laws in the UAE but what do they really mean for you?

I am sure most people have seen the articles about some significant legislative changes in the UAE with changes to the penal code and personal status laws and these are very positive in all respects. In this article, I want to explain what this actually means in relation to the financial issues, as headlines are not always quite what they seem and there are subjects that still need to be considered and addressed by expats, especially in terms of the distribution of assets in death.

Let’s address the various points in turn.

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A flight to bricks & mortar? Options to invest in UK & European property

In an uncertain world, it is understandable that we have seen an increase in property as an investment class. People have always liked investments that they fully understand, or can see and touch. Property markets are not equal and the legalities and potential for growth and/or income vary hugely but Europe still presents many opportunities for long-term investment and yield.

Recent surveys have shown that many expats are keen to invest in property in their home country either as they consider it a more secure place than where they are currently living or as a potential base should they need to move back.

The recent upheavals in work, schooling, lifestyle and more has made many reflect on the lives that they want to lead, and to consider future plans. Initially, I saw an uplift in enquiries for wills and life cover, and while these are still popular, I am now being contacted by people about property investment in the UK and Germany. Fortunately, I can assist with both and you can invest without leaving home.

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Where there’s a Will there’s a way to protect your family

Due to changes in legislation, this article has been updated and rewritten to so please see the latest one.

Where there’s a will, there’s a way to protect your family

Thank you

 

 

Expats in The UAE & Money. 10 mistakes you want to avoid

This articles has been update so please see the below link for the article from August 2024

Living in the UAE. 10 major money mistakes you want to avoid

Living in the UAE. 10 major money mistakes you want to avoid

 

 

 

News: Beneficial changes for DIFC Wills

The DIFC Wills Service Centre (formerly called the DIFC Wills and Probate Registry) has confirmed changes to the rules (the Amendments) which will come into effect from 30th June 2019. This is good news for anyone with UAE assets.

There are two major changes, summarised as follows:

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Where there’s a Will there’s a way to protect your family

This article has been superseded, Please see this revised one. published 30th March 2020

Where there’s a will, there’s a way to protect your family – March 2020

As with most matters, personalised advice is required based on your specific situation. To arrange a meeting to discuss arranging a Will, or for advice on any other personal financial planning issue, please email me at keren@holbornassets.com