The Importance of a Will in the UAE
The New Year is often a time when many try to get their finances in order, but if there is one thing that should perhaps come before any bigger financial decisions it should be that of drafting a will.
A Will is quite simply: ‘A document in which a person specifies the method to be applied in the management and distribution of his estate after his death.’
It is a legal instrument that permits a person, the testator, to make decisions on how his estate will be managed and distributed after his death. At English: Common Law, An instrument disposing of Personal Property was called a "testament," whereas a will disposed of real property. Over time the distinction has disappeared so that a will, sometimes called a "last will and testament," disposes of both real and personal property.
Now, you may already have a Will that has been drafted in your country of domicile but if you are a permanent resident of the UAE it is of huge importance to consider having a new legal document drawn up or the old original document attested so that it reflects your wishes.