What can happen if you don’t have a will upon death?




If you are a UAE resident and don’t have a UAE will in place, you could leave your loved ones with a nightmare scenario. If you don’t have a will upon death the following could happen:

1. Your bank accounts will be frozen immediately. This will happen regardless of it being a joint or individual account. Your loved ones will not have any access to your individual or joint bank account.

2. All dependent visas for your wife and children will be cancelled. Then they would have to leave the country. However, your children probably cannot leave the country because of uncertain guardianship.

3. If you don’t have a will registered in the UAE, Sharia Law will apply. The re-appropriation of assets could be unfavorable, and a bulk of your estate might go to your extended family.

4. If there isn’t a will in place, a court case appealing the appropriation can take up to five years and comes with huge court expenses and local lawyer fees.

To avoid these consequences, the DIFC Wills & Probate Registry offers five types of wills: Full Will, Property Will, Free Zone Company Will, Financial Assets Will and Guardianship Will. The registration fees are between 5,000 AED and 10,000 AED for a single will and between 7,500 AED and 15,000 AED for two mirror wills.  

Full Will: The Full Will covers all assets ranging from property to cars and luxury goods, as well as guardianship arrangements for children.

Property Will: The Property Will covers up to five properties in Dubai and/or Ras Al Khaimah.

Free Zone Company Will: The Free Zone Company Will is suitable for owners and shareholders of free zone companies in Dubai and Ras Al Khaimah, including RAKICC companies. 

Financial Assets Will: The Financial Assets Will can encompass up to ten separate accounts, registered in your sole name or joint name. The accounts must be held with a bank or brokerage firm registered in Dubai or Ras Al Khaimah. 

Guardianship Will: The Guardianship Will for the appointment of guardians for your children.

All five types of DIFC Will can be registered at the Central Registry in Dubai or Ras Al Khaimah. Additionally, international investors can register their Property Will, Free Zone Company Will or Financial Assets Will online with the Virtual Registry.

If you have any questions or if we can support you in drafting and/or registering your DIFC Will, please do not hesitate to send an email to contact@businesscenter.me or call +971563899260. Our MEO competence team is looking forward to assisting you.