Case of Life Insurance
Life insurance is essentially an agreement between you and your life insurance company.
To put it in simple terms, you agree to make payments of premium to your life insurance company according to the terms of your agreement. In turn, your life insurance company agrees to make payment of a specific amount to your designated beneficiary (or beneficiaries) upon your death. Hence, you decide who will be the beneficiaries (of your insurance policy) by completing a beneficiary designation form as part of obtaining the insurance policy. The UAE law permits this arrangement and the Sharia law does not apply to such insurance policy.
Requirement of Will in UAE
Types of UAE Wills
- Types of UAE Wills
- 5 reasons for making a DIFC Will
- 3 considerations for your Will in Dubai
- Process for registering a DIFC Will
- Make a Will in Ras Al Khaimah
Things to consider
Common Questions
- What is a Will?
- Why do I need a Will in UAE?
- What is a Notary Public Will?
- What is a DIFC Will?
- What is a Legal Inz’s online Will form?
- What is a Single Will?
- What are Mirror Wills?
- Are the bank accounts frozen at death?
- What is a probate?
- Distribution of real estate in the UAE
- What if I already have a Will in my home country?
- Who is the executor?
- Who can be a beneficiary?
- What are the typical assets passed in a Will?
- The case of life insurance
- The case of shares in companies
- Appointing guardians in a Will
- Resolving debts in a Will
- Can I amend my Will?
- Do I need to amend my Will in UAE when moving home?
- Is it possible for me to withdraw my Will in UAE?
- Is there any inheritance tax in the UAE?
