If the cost of registering a will in Dubai was the main concern that made you put if off for later, worry no more.
DIFC Wills & Probabate Registry (WPR) and Dubai-based Emirates NBD has announced a new parternship where clients who want to secure their assets in Dubai can do so as manageable monthly instalments.
The cost of registration of a single will in Dubai is Dh10,000 and that of two mirror wills is Dh15,000.
Emirates NBD customers can now avail zero per cent payment options over the period of up to 12 months when they register a will with WPR. The scheme has been designed to offer peace of mind to people who are looking to spread the costs of registering a will, whether they are living, investing or conducting business in Dubai.
This new move by WPR highlights the high level of confidence that leading companies in Dubai have in the Registry, which started providing the unique common law registration and probate service in May 2015. This level of assurance combined with the Registry’s high quality of service, is set to have a substantial impact on the number of people registering a will in Dubai. Several banks are expected to follow Emirates NBD in offering the option to their customers.
Sean Hird, Director, DIFC Wills & Probate Registry, said: ““Registering a will this way means that people will have immediate peace of mind knowing their hard earned assets are safe and their succession will be in line with their personal wishes. Now our customers can also spread the payments at no extra cost over three to 12 months.”
Suvo Sarkar, Senior Executive Vice President & Group Head – Retail Banking and Wealth Management, Emirates NBD said: “As Dubai increasingly becomes a location to lay down your roots we are seeing more families planning to stay here, more small businesses starting up and an increase in overseas investors; the number of people buying a permanent home or investing in property in Dubai has risen over the last year. This highlights the importance of safeguarding assets, so we are delighted to partner with DIFC Wills & Probate Registry to provide our customers a zero per cent instalment plan. This will now help people manage their spending on the really important things in their lives alongside their existing outgoings.”
