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Yes, creating a will is advisable for married couples in the UAE, as it allows them to outline their wishes regarding the distribution of their assets and the appointment of guardians for their minor children in the event of their death. Here are several reasons why married couples in the UAE should consider creating a will:
Distribution of Assets:
A will enables you to specify how you want your assets to be distributed among your heirs. This can include real estate, bank accounts, investments, and personal belongings.
Guardianship for Minor Children:
If you have minor children, a will allows you to appoint a guardian of your choice to take care of them in the event that both parents pass away. This ensures that your children are placed in the care of someone you trust and have chosen.
Avoiding Intestacy Laws:
Without a will, the distribution of assets may be governed by intestacy laws, which may not align with your preferences and shall be as per the Sharia law. Creating a will allows you to have control over who inherits your assets.
Reducing Family Disputes:
A well-drafted will can help prevent potential disputes among family members by providing clear instructions on the distribution of assets and the appointment of guardians. This clarity can minimize the risk of conflicts.
Nomination of Executors:
In a will, you can nominate an executor who will be responsible for managing the administration of your estate and ensuring that your wishes are carried out.
Business Ownership:
If one or both spouses own a business, a will can address the succession plan for the business, ensuring a smooth transition of ownership or management.
Cultural and Religious Considerations:
For married couples with specific cultural or religious considerations, a will allows them to tailor the distribution of assets in accordance with their beliefs.
Non-Muslim Expatriates:
Non-Muslim expatriates in the UAE may prefer to create a will as per their preferences This can help avoid potential conflicts between local Sharia law and their desires.
Estate Planning:
Creating a will is a key component of estate planning, allowing you to have control over the disposition of your estate and ensuring that your wishes are respected.
It's important to note that legal requirements and procedures may vary, so seeking advice from legal professionals familiar with the laws and regulations in the UAE is recommended.