Oct 28, 2008
The normal procedure to have any (UAE) assets distributed as per your wishes, would be to draft a Will & Testament in English, Have it translated into Arabic and then Attested. As this attestation is simply to ensure the validity of the translation and authentication of the document it could probably be done at a UAE consulate or even a police station (UAE).
Keep the document in a safe place in the UAE for convenience sake. Under UAE Law, all in-country assets of a deceased are frozen on publication of his/ her death (bank accounts in particular). If you have dependants, who have no access to their own finances during this time, you can obviously see the problem.
This can be a I posted a tip a while back which was actually given to me by a bank employee to offer some relief in the event of the death of the “breadwinner”. It seemed like a practical solution. Make out an undated, signed cheque to your spouse, keep this in a safe place, if anything were to happen the cheque should immediately be completed and presented to the bank; the reasoning is that it takes 2 to 3 days before the death is fully publicised, this offers a window of opportunity to withdraw a reasonable amount of money (before the accounts are frozen) to ensure that the necessities are taken care of while the estate is processed.
- dbxsoul
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