Arranging suitable wills is an important part of financial planning and one that is too often overlooked or not addressed as it seems complicated – but can be much easier to organise than you might think.
Wills are important and if you don’t have one this is something you need to address.
Here are 15 reasons why you need a will:
I have published articles on this topic before but in light of the changes to the personal status laws in the UAE in 2020, this has been updated to cover the new rules. This also includes the minor amendments for 2022 and a change for Muslim expats in 2023.
If you have assets, and more importantly, if you have children, then you need a Will. This is a subject that many people are reluctant to address but there are many misconceptions and an all too common reluctance to talk about the relevant issues. In this article I want to set out a few facts and answer the most common questions.
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.
This article has been superseded, Please see this revised one.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