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FINANCIAL PLANNING

 

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

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 UK working closely with accountants and solicitors. In addition to providing a Will preparation, I am also in partnership with a fee based financial planning service with offices in U.K., Europe and 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?

Why pay for a Will, if you do not need it? In some circumstances, there is no need for a Will. However, for expatriates living in UAE, this is very rare.

Where no valid Will exists or no Will can be found the deceased will be treated as having died ‘intestate’. The treatment of the deceased’s assets depends on factors such as where the assets are located.

For assets in UK, married couples with children have a right to all of their deceased spouse’s personal effects as well as the first £250,000 of the estate plus half of any amount over £250,000. The balance is distributed evenly between the 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, local law requires a Sharia scholar to be appointed. This person will oversee the distribution of the assets within UAE in accordance with Sharia principles. The distribution will depend on the relatives of the deceased and others who may make a legitimate claim on the assets such as lenders.

For further information, please contact us.

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