Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA
Sourced through Scoop.it from: www.stalawfirm.com
Inheritance Planning is a term used for planning the distribution of your worldly possessions after you leave this life behind.. When a person passes away without leaving a will or dies “intestate” as legally mentioned, the property of the deceased is allocated and distributed according to the law of the land on personal affairs. In other words, if you do not have a will, you do not have a documented account regulating the distribution of your estate.
An “Estate” applies not just to your real-estate, but anything of value like money, bank accounts, cars, furniture, books, bonds, investments, jewelry, family inheritances, etc. Your “Last Will & Testament” is a document that details precisely what you would like to do with your estate in the event of your death. The Will-document can cover all aspects of your life, from physical assets such as property, investments or cash to your last wishes.