Why Inheritance Planning in the UAE is More Important Than You Think

We all put a lot of effort into providing a better life for our family, but have you ever thought about how your assets would be distributed to your loved ones when the time comes? Inheritance planning might not be a topic we often think about, but rather the most considerate and kind things you can do for your family. You might not be aware, as an expat living in the UAE, that Sharia law takes precedence over other laws when it comes to inheritance. If you don't have a clear plan in place, this might mean that your assets will not be allocated how you would like them to be. However, UAE provides exceptional, adaptable choices for the expats to guarantee their desires are honored. Let’s discuss the option below :

Foundations and SPVs: Protect What Matters Most

Using Foundations and Special Purpose Vehicles (SPVs) for inheritance planning gives you the flexibility to manage and secure your assets with minimal paperwork. These structures allow you to smoothly transfer property, investments, or business shares to your heirs without the headache of lengthy court processes.

Imagine being able to pass on your legacy with fewer hurdles and legal hassles—this is the peace of mind Foundations and SPVs offer.

Holding Companies: Secure Your Business for the Next Generation

If you own a business, it is essential to think about how it will continue after you are no longer around. By using a holding company, you can ensure a smooth transition of ownership and management, protecting your business from potential disputes or complications.

Wills in DIFC, ADJD & Dubai Courts: A Simple Solution for Expats

The UAE has some fantastic options for expats to ensure their assets are distributed according to their wishes:

• DIFC Wills: One of the best-known solutions, DIFC allows expats to apply the inheritance laws of their home country, giving you full control over your estate.
• Abu Dhabi Judicial Department (ADJD) Wills: This is another simple and efficient way for Muslims (Non Emirati) and non-Muslims to ensure their assets are managed according to their wishes.
• Dubai Courts Wills: Now, Dubai Courts also offer expats the ability to register their wills in line with their own preferences and the laws of their home country.

All of these options reduce legal complexities and offer quick, hassle-free solutions, ensuring your loved ones avoid lengthy court procedures and get what you want them to have.

So, Why Should You Consider Inheritance Planning in the UAE?

• You get to decide how your assets are distributed, rather than having it determined by default laws.
• With foundations, SPVs, and wills, you can avoid lengthy legal disputes and paperwork.
• Knowing that your family is taken care of, in the way you want, is priceless.

At Flying Colour, our team of experts is here to make this process as simple as possible for you. We specialize in tailoring inheritance planning solutions that fit your unique situation, whether it’s through setting up a foundation, creating an SPV, or registering a will with the right authority.

We understand that inheritance planning can seem overwhelming, but with our guidance, you will have a clear, step-by-step path forward. Let us help you protect your legacy and ensure your loved ones are cared for without the stress of legal complications.

Ready to take control of your legacy? Contact us at Flying Colour to learn how we can guide you through every step of the inheritance planning process in the UAE. Connect with us today on +971556442460 or drop us an email on [email protected]