The legal prerequisites of making a willOn July 27, 2020 by admin
Will is a legal way to give your property to other people after your death. Some people will find it mandatory to make a will because of their huge property and because they fear about the possible fights between their legal heirs on the matter of property distribution. If you are one of them then you need to decide about how to distribute and then you need to search about the cost of making will in Dubai you can also go for the DIFC probate. To know more about it you need to read the following:
First thing is that you need to determine about your entire property whether it is in the form of business, commercial buildings or house, you need to know their exact market value and their areas in case of building, house or plots. It is the first step towards making a good and just will so that no one will get the chance to say that you did injustice to him or her.
After determining your property then the next step is to determine how you have to distribute them in your legal heirs. The most common phenomenon is to distribute equally between all of your heirs but you need to see about the ability of them that how well they can handle your property after you. If one of your sons is not a business minded person and you give all of your business to him then your business will soon go to bankruptcy. So you need to determine vigilantly that to whom you should give what.
You need to know that you should give some of your property to everyone, you cannot give all of your property to half of your heirs and leave the others, if you do this then they will become enemies of each other after your death. You need to mention clearly all of the names with the property you are giving to each of them. Then it is necessary that you document that according to law and sign the document to make it complete. You have to read it carefully before you sign that also you need to mention that your will came on to operation after your death till then you are the sole owner and decision maker about all of your property to void any conflict.