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FINANCIAL PLANNING

 

A Will is the cornerstone of financial planning. It is a document that makes sure the right money gets to the right people at the right time.

 

I am a Chartered Financial Planner and Fellow of the Personal Finance Society, the specialist financial planning arm of the Chartered Insurance Institute (CII). The CII is a global professional body based in London having been founded by a Royal Charter in 1912. I have worked in the financial services industry since 1988 and qualified as a financial planner in 1994.

 

Prior to arriving in Dubai in 2001, I ran my own independent financial planning practice in the UK working closely with accountants and solicitors. In addition to providing a Will preparation, I am work in partnership with a fee-based financial planning service with offices in the U.K., Europe, and the Middle East.

 

I believe in empowering clients with the knowledge to make informed decisions about their finances. Helping them understand what needs to be done to achieve their goals and providing advice along their journey to financial independence.

 

If you would like to discuss your finances, please call 050 594 5217 or contact me

WE ARE HERE TO HELP WITH ANYTHING YOU NEED, GIVE US A CALL.
+971 50 594 5217

CLIENT TESTIMONIALS

WHAT HAPPENS IF I DO NOT HAVE A WILL?

In England & Wales, where no Will exists the deceased will be treated as having died ‘intestate’. For assets in the UK, married couples with children have a right to all of their deceased spouse’s personal effects as well as the statutory legacy sum (up to £322,000 from 26th July 2023). If the estate is worth more than the statutory legacy sum, 50% of the excess is passed to the surviving spouse and the remaining 50% is distributed equally between the deceased’s children. This can cause problems. For instance, where the main asset is the matrimonial home and one of the children wants their inheritance causing the property to be sold.

Where there are assets in UAE and there is no Will the situation is complex for expatriates, multiple factors such as family structure, type of asset, and the religion of the deceased are taken into consideration when the courts decide how to distribute the deceased’s assets. Recent changes in federal legislation have sought to improve clarity for non-Muslims and time will tell how each Emirate adopts the federal law.

For further information, please contact us.

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