Understanding The Cost Of Making A Will In Dubai
Creating a will is a vital step in ensuring that your assets are distributed according to your wishes after your passing. The cost of making will in Dubai can vary depending on several factors, including the type of will you choose, the complexity of your estate, and the legal services you require. The following guide will help you understand the costs involved in drafting a will in Dubai.
DIFC will costs
The DIFC wills service center offers a structured process for expatriates to draft and register their wills. The cost for a DIFC will typically ranges from AED 10,000 to AED 15,000. This fee covers the registration of the will, which allows for the management and distribution of assets within Dubai. The DIFC process provides clarity and flexibility, with the fee generally reflecting the value and complexity of the assets involved. Additional costs may apply if you require legal advice or assistance with drafting the will.
ADGM will costs
Similarly, the Abu Dhabi global market (ADGM) wills service center provides a tailored service for expatriates in Abu Dhabi. The cost for an ADGM will is generally in the range of AED 10,000 to AED 15,000, similar to the DIFC. This fee includes the registration and administrative processes associated with ensuring that your assets are distributed according to your wishes. As with DIFC wills, additional legal fees may apply if you seek professional advice or require assistance in drafting the will.
Legal fees for drafting and advice
If you opt for legal assistance in drafting your will, you should account for additional fees. Legal professionals in Dubai typically charge an hourly rate or a fixed fee for their services. Hourly rates can range from AED 1,000 to AED 2,500, depending on the lawyer’s experience and expertise. For inclusive estate planning and legal advice, you might expect to pay between AED 5,000 and AED 10,000.
Sharia-compliant will costs
For expatriates opting for a Sharia-compliant will, costs may vary depending on the complexity of your estate and the legal services required. Drafting a Sharia-compliant will may involve additional consultations to ensure compliance with Islamic inheritance laws. Legal fees for Sharia-compliant wills can range from AED 5,000 to AED 10,000, including advice on how to adhere to Sharia principles in asset distribution.
Additional costs
There may be additional costs associated with making a will, including administrative fees, notary services, and translation fees if your documents need to be translated into Arabic. These additional costs can vary, so it’s important to factor them into your budget.