Wills

WILL is a legal document that permits a person to make decisions on how his estate will be managed and distributed after his death to their next of kin and can appoint guardians for minor children.

Basically WILL allows one to communicate one’s wishes clearly and precisely as to how their assets should be distributed after their death.

Without a WILL, the state in which one reside decides how to distribute their assets to one’s beneficiaries or next of kin according to its laws. This is known as dying intestate, and the resulting process may not produce the results that one would prefer for their survivors. One can prevent this by having the documents drafted that reflect their wishes, popularly known as WILL.

Absence of WILL may lead to grave consequences in jurisdictions like UAE i.e. freezing of bank accounts, forced heirship of assets, guardianship of children etc.