Inheritance matters are inherently complex.
Having a will in place in their country of origin is regarded by many expats as essential planning when they move to live and work abroad, offering peace of mind in the event of a tragedy.
However, many Non-Muslim expats in Dubai are unaware that in the absence of a legally registered will in the UAE, the process of transferring assets after death can be extremely time consuming, costly and fraught with legal complexities. This could mean that assets accumulated during their time in the UAE may not go to their loved ones as they would have intended.
Joining Amber in this episode is Cynthia Trench, Managing Partner, of Trench & Associates DMCC who have an extensive history in this area of law. Following the amendments in the Civil Transaction Code and the Personal Status Law in 2020, Cynthia explains the legal framework along with the types of wills that can be executed in the UAE in order to protect assets and investments. She also shares advice on how expats can prevent wills from being challenged and avoid being misled from financial consultants when protecting their investments.
Listen to the full interview here on the Buzzsprout hosting site or on all major podcast directories. Make sure you’re subscribed to Expats in Dubai.
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Amber Waheed, is the author of 'The Great Fraud Fightback' in which she shares her story, lessons learnt and advice on winning a landmark court case in Dubai against financial advisory fraud.