Succession planning for UAE real estate
-
Many expatriates in the UAE are unaware that in the absence of a will recognised by the UAE legal system, the process of transferring real estate assets after death can be time consuming, costly and fraught with legal complexity. In the absence of a registered will, the division of assets is governed by the mandatory rules under Islamic law and any division to the heirs occurs after paying of debts. Typically, the wife, son, daughter, father, mother, brother and sister would inherit a portion of the estate. While this represents the default position which applies to all Muslims irrespective of nationality, there is an opt-out option for non-Muslims and expatriates upon request.
Read more on:
https://gulfnews.com/business/property/succession-planning-for-uae-real-estate-1.2229026/
Source : Succession planning for UAE real estate