When it comes to writing a will or arranging probate, it’s better to ask Just Wills Dubai for a comprehensive guide to having a better understanding of the process.
A will is an essential legal document that has the power to transform the lives of the family members of the person that has created a will. It covers all the information of the beneficiaries that have all the legal rights to claim the assets and the properties after the death of their loved one.
The DIFC wills Dubai ensure that the wills are handled properly and the probate process is executed under the state laws.
That’s why we have come up with a list of 5 things to know about wills and probate to help the people understand better about the process.
- Legal Document
A will is a legal document that clarifies the future of the family of the deceased person. It must be created keeping the laws in the mind and stored in a safe place until its use. It is also essential to keep it up-to-date through new changes in the list of family members and the new properties.
- Absence of a Will
In case of absence of a will, the process requires the involvement of the local court that decides on hiring a legal representative for the beneficiaries so that the property and assets could be transferred to the deserving people depending on the laws and regulations of the state.
- Ensure the collection of debts, taxes, and other bills
The probate process ensures that the all the bills regarding debts, taxes, and expenses have been paid out from the estate of the deceased person and the remaining assets are transferred to the beneficiaries as per the will through the involvement of the local court.
- Legal Representative
The court assigns a legal representative if there’s no will so that a proper person administers the estate of the deceased. If there’s a will, then the beneficiaries have the right to apply for a personal representative that could assist them during the probate process.
- Gathering the Information
It’s essential to pay all the debts and charges against the estate and then distribute the remaining assets to the loved ones of the deceased person. That’s why the will is a useful source of legal information that gathers all the information about the beneficiaries to simplify the probate process.