There are several benefits of writing wills in UAE as it gives the legal distribution rights of your estate and assets to your family members to secure their future.
A will is an important legal document that is created by a person to assign all their property and the assets to their family members after their death under some specific laws and regulations.
Submitting wills in Abu Dhabi or anywhere in the UAE isn’t a complicated process as the country ensures to transfer all the remaining assets after clearing off all the bills and debts to the intended beneficiaries.
However, in some cases, if a person dies without writing a well, then the court takes the matter on hands and assigns a representative to handle all the estate related matters and the distribution of the property.
That’s why we have made a list of 5 things to know about not having a will to help you understand more about the process.
Without any will, you become ‘intestate’ and all your property is distributed under the state laws and regulations. So, to die as ‘testate’ you need to create and submit a will to protect your family members and let them have a secure future after your death.
2. The Probate Process
The probate process requires the involvement of a local court as it assigns all the property and legal matters to a representative. The process might take longer than usual as a will helps in breaking down the process in simple steps. However, without a will, the person becomes liable to distribute all your estate under the specific laws.
3. Payment of taxes and bills
Whether you have a will or not, the legal representative will ensure that all the required taxes, debts, and expenses are paid from your estate and after that, he will ensure that the remaining amount is transferred to the credible sources.
4. Calls out all the known creditors
Since the absence of the will makes the process lengthier, therefore the representative upon receiving instructions from the court will notify all the known creditors to make any claims within a specific period of time. If no claims are made then the remaining assets will be transferred to the spouse and children of the deceased person after some time.
5. Complicates the Process
Not having a will only complicate the process as it blocks your family members from securing their future after your death.