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Planning for the future is essential, especially for expat couples living in UAE. One effective way for couples to secure their legacy is through Mirror Wills. These are complementary wills designed for couples that ensure seamless asset distribution.
This blog delves into the concept of Mirror Wills, their significance for expat couples in UAE, and how Firm Advice can assist you in creating a legally binding will as per your wishes.
What Are Mirror Wills?
Mirror Wills are legal documents drafted for couples, typically mirroring each other in terms of content. For example:
In the husbandβs will, all assets are left to the wife (or vice versa).
If both spouses pass away simultaneously, the assets are usually directed to a mutually agreed-upon beneficiary, such as children or other family members.
These wills are not identical but are designed to complement each other. They provide peace of mind, ensuring that the surviving partner is adequately protected and that the coupleβs shared wishes are honoured.
In the event that the couple does not want to mirror the Will, then each spouse can write their Will as per their individual wishes and distribute the assets in their name to beneficiaries they wish.
Why Expat Couples in UAE Need Mirror Wills
Protection Under UAE Laws: The UAE follows Sharia law by default when it comes to inheritance, which can affect the distribution of assets if no valid will is in place. For expat couples, creating Mirror Wills allows them to bypass default rules and specify how their assets should be distributed, ensuring their wishes are respected.
Simplified Asset Distribution: Mirror Wills simplify the process of transferring assets, such as property, savings, or investments, to the surviving partner or other beneficiaries. This ensures there are no delays or legal challenges during an emotionally challenging time.
Clear Custody Arrangements for Children: For couples with children, Mirror Wills provide clarity on custody arrangements. You can specify guardians for your children to ensure their future is in trusted hands if both parents pass away.
Avoiding Legal Complications: Without a will, the division of assets can become complex, particularly for expats who have investments across multiple jurisdictions. Mirror Wills minimize disputes and legal uncertainties, making the process smooth for the surviving partner.
Why Mirror Wills Are a Smart Choice for Expats
Peace of Mind: Knowing your loved ones are protected brings immense relief.
Legal Control: Gain control over your assets and their distribution.
Cost-Effective Solution: Drafting Mirror Wills is often more affordable than creating two separate wills.
Future-Ready Planning: Ensure your wishes are honored, even as your circumstances evolve.
Key Features of Mirror Wills in UAE
Dual Protection: Both partners secure their share of assets.
Beneficiaries: Flexibility to name alternate beneficiaries beyond the spouse. Each spouse can choose the beneficiaries as the each individualβs wishes.
Validity in UAE Courts: Legally recognized when drafted and registered with the relevant authorities.
The Process of Creating Mirror Wills
Initial Consultation: Discuss your assets, wishes, and concerns with a qualified legal advisor.
Drafting the Wills: Your wills are drafted as per your wishes, covering all aspects, including asset distribution and guardianship.
Review and Approval: Ensure both partners agree on the drafts before finalizing the wills.
Registration: Register your Mirror Wills with the appropriate authorities, such as the Dubai International Financial Centre (DIFC) or Abu Dhabi Judicial Department (ADJD), to ensure legal enforceability.
How Firm Advice Can Help Expat Couples
At Firm Advice, we specialize in drafting and registering wills for expats in UAE. Hereβs why you should choose us:
Experienced Advisors: Our team of legal experts understands the complexities of UAE inheritance laws and ensures your will complies with local regulations.
Tailored Solutions: We create Mirror Wills customized to your specific needs and circumstances.
Seamless Process: From consultation to registration, we handle all the details, so you donβt have to worry.
Transparent Pricing: No hidden fees - just clear, honest guidance.
Whether youβre a newly married couple or have been together for years, Mirror Wills offer the perfect solution for expats in UAE. Contact us today to schedule your consultation and secure your familyβs future with legally binding Mirror Wills.