Presentation.will
- 1. Wills & Trusts consultancy
- 2. Master Solutions Commercial Brokers LLC Dubai, United Arab Emirates Master Solutions FZCO Ras Al Khaimah, United Arab Emirates Master Solutions Financial Brokers Pvt. Ltd. New Delhi, India
- 3. One of Dubai’s upcoming Financial Services Brokers Multicultural team of internationally & professionally qualified personnel Plan Masters are either CII qualified or are in the process of acquiring the qualification In business since Year 2007 Currently manage a portfolio of over US$ 52 Million Recommend over 40 local & offshore solution providers Service clients in Thailand, Malaysia, Singapore, India, Canada & the Middle East Master Solutions Commercial Brokers LLC
- 4. Just Wills Al Wasiyya JLT The largest specialist Will Writing Company in UK Over 20 years experience in drafting Wills Thousands of Wills are already ‘proven’ Over £2,000,000 PI cover per Will Have exclusive rights for United Arab Emirates and G.C.C.
- 5. Our Credentials Canadian Business Council British Business Group Certificate of Appreciation Dubai Quality Group JLT Professional License Estate Planning License
- 6. Our Relationship Authorized distributor for the entire range of products for the territory of United Arab Emirates
- 7. Our Clients
- 8. Which side are you? Wills Education NO WILL YES WILL
- 9. Bank Accounts will be immediately frozen 1 Home Country will be informed of the death 3 Residence visas will be cancelled 2 Minor children will be placed under the supervision of juvenile home run by the state 4 What would happen in the event of unexpected death in UAE? NO WILL
- 10. Life Insurance policies can be passed onto the deceased’s estate instead of the family The Shariah Law may be/will be applied to the distribution of the deceased’s estate Any other Investments can be frozen/delayed Family arguments or disputes about the deceased's estate could crop up or arise Properties of the deceased back home will be distributed according to the Laws of the Home Country. What would happen in the event of unexpected death in UAE? NO WILL
- 11. Ex Partners (husband/wife) can stake a claim in the estate Unmarried Partners will not receive anything / cannot claim anything Children from any previous relationships could receive nothing Tax Man can claim up to 40% of the deceased’s estate (Applies to countries where IHT is applicable) What would happen in the event of unexpected death in UAE? NO WILL
- 12. What would happen in the event of unexpected death in UAE? YES WILL
- 13. What would happen in the event of unexpected death in UAE? YES WILL
- 14. What would happen in the event of unexpected death in UAE? YES WILL
- 15. What would happen in the event of unexpected death in UAE? YES WILL
- 16. What would happen in the event of unexpected death in UAE? YES WILL
- 17. What would happen in the event of unexpected death in UAE? YES WILL
- 18. Appointing Guardians Interim Guardianship Temporary guardians for your Minor children based in UAE Permanent guardianship Permanent guardians of your minor children based anywhere in the world A Will is one of the most effective ways of appointing Guardians and ensuring your children’s future is secure Protecting Your Children
- 19. Statistics in the UAE 9 in every 10 people here in the United Arab Emirates Do Not Have a Wi ll
- 20. It gives you & your partner Peace of Mind What does a WILL do?
- 21. The Seven Commandments of Peace of mind Off-Shore emergency bank account Life Insurance Contact Sheet Residence Visa Assets and liabilities statement Power of Attorney Legal WILL
- 22. Bank accounts, Mortgage Accounts could come to a halt especially if two signatories are required to operate the account. By setting up a Power of Attorney (usually between husband & wife), the attorney will be able to operate bank accounts, mortgage accounts, etc. The attorney cannot change the Will (since the WILL would have got signed prior) however, the Power of Attorney will be a very useful document to have all your financial documents looked after/ taken care of by the attorney. More details can be provided by your Family Welfare Planner Power Of Attorney A person was to become Mentally incapacitated or Brain dead or In a coma
- 23. Arabic Translation It is mandatory for any document that needs to be attested in the Dubai Court of Law to be translated in Arabic. All documents are attested in Arabic & English version for ease of reading by both the local authority & the expatriates. Arabic to English English to Arabic
- 24. Wills Storage We provide secure safe keeping of your WILL document for a nominal fee
- 25. What information is required when drafting a Will? Completed Will information sheet Details of Executors (minimum of two) Details of both Interim and Permanent Guardians Details about how you would like your estate to be distributed Details of gifts to be given Copy of valid passport Copy of valid visa Documentation Required
- 26. What stages will comprise your WILL Drafting? Drafting Process Submission: Completed Will information sheet along with relevant documents will be vetted by Will Administrator Originals will then be forwarded to the Will Writer for drafting the language Client obligation: Please submit all the relevant documents at one go to avoid unnecessary delays. Please ensure to enclose the payment for 50% of the total invoice through cheque Drafting: A soft copy of the draft will then be prepared within 3-4 working days The draft copy will be delivered to the client for his approval by your Plan Master
- 27. What stages will comprise your WILL Drafting? Draft Approval: Following the approval, the original WILL will be written and two copies of the same will be provided to the client for attestation Client obligation: Please approve of the draft within 3 working days from the date of handover of the draft copy failing which we will assume that the content of the document is acceptable to you Attestation: The client will have to get both the copies of the WILL attested by their respective Consulate of the countries. Following this, the WILL has to be handed over back to your Plan Master for attestation by the Dubai Courts Client obligation: Please get the WILLs attested by your country Consulate within 7 working days from the date of handover of the original WILL failing which the responsibility of getting the attestation from the Dubai Courts will be that of the Client. Hand Over: Following the original WILL will be handed over to the Client for safe keeping Client obligation: Kindly ensure to handover the balance payment before the handover over of your |Original Will Document Drafting Process
- 28. Questions?
- 29. Questions?