Creating a will helps with securing your assets and ensuring their distribution aligns with your wishes. For individuals in Dubai, the cost of drafting a will can vary depending on several key factors. Below, we explore the primary considerations that influence the cost of making will in Dubai:
1. Complexity of the Estate
The complexity of the estate is one of the most significant factors that impact the cost of drafting a will. A straightforward will that covers a simple division of assets will generally cost less than one involving multiple properties, investments, or businesses. If the estate includes assets in multiple jurisdictions, additional legal expertise may be required, which can increase the overall cost.
2. Legal Services and Expertise
The fees charged by legal professionals or will-drafting services in Dubai also play a crucial role in determining the cost of creating a will. Experienced lawyers with specialized knowledge in estate planning might charge higher fees due to their expertise and the additional consultations they provide. However, their experience ensures that your will is legally binding and adheres to local laws, which can be crucial for expatriates and residents.
3. Use of Certified or Government-Approved Registries
Another factor to consider is whether the will is registered with a certified or government-approved registry, such as the DIFC or the Dubai Courts. Registration fees vary depending on the governing body and can add to the overall expense. Registering a will ensures that it is officially recognized and easy to enforce, offering additional peace of mind.
4. Customization and Additional Services
Costs may also increase based on the level of customization required. Incorporating specific provisions, trust arrangements, or guardianship clauses for children adds to the complexity and can lead to higher drafting fees. Additional services, such as translation or notarization, may also be required, especially for individuals whose native language differs from English or Arabic.
5. Type of Will
The type of will needed can influence the cost as well. For instance, a simple will may involve straightforward asset division, while a mirror will for couples or a more elaborate will may cover detailed instructions for various beneficiaries. Different types necessitate varying amounts of input from legal professionals, which, in turn, impacts the total expense.