A will is an important part of your life and death. It provides security and assurance to your family and loved ones so they could have a great future.
The DIFC wills and probate registry process allows the family of the decedent to claim the property and assets without a will or to transfer the property and assets easily through a will under the state laws.
There are certain steps involved when it comes to making a will and it might be a daunting task but it doesn’t take too much time. However, hiring a lawyer or a legal person could help you with the process.
So, when it comes to writing wills Dubai offers a wide variety of legal services to assist the people and help them secure a better future for their family.
That’s why we have come up with a step-wise guide and 5 steps to write your own will so you could understand its significance and value.
- Assemble all the Information
First of all, assemble all the essential documents and make a list of all the assets including the real estate and personal property such as vehicles, bank accounts, etc. Then, gather all the information regarding any payout in the form of debts and taxes and also make a list of beneficiaries with their full names as they will be the people receiving your assets.
- Hire an Executor
You can hire an executor that will be in charge of distributing all your assets and also handling all the matters. In simple terms, he will be someone you can trust with all your assets.
- Write the Will
It’s entirely your choice whether you may want to hire a lawyer or not. However, it’s easy to write a will and people prefer online wills as they are easy to create according to the laws of the state.
- Legal Documents
Make sure you have created a valid will and all your documents are well-prepared as per the state laws. A valid will contains full names of the beneficiaries and their addresses too so that they can be notified in the future.
- Protect your will
After creating a valid will, ensure to protect the will by keeping a copy and storing it in a secure place as it is an essential document that covers all the important information. Also, you can update your will any time if you need to revise the plan as per the situation.