Investors and Residents of RAK will Benefit from New Legal Measures for Enforcing Wills
New agreements that have been signed by Ras Al Khaimah and the Dubai DIFC Dispute Resolution Authority (DRA), allow investors and residents of RAK, for the first time, to implement their personal wills as per their requirements and wishes, thus protecting their assets and families.
DIFC Wills and Probate Registry is an initiative of the government of Dubai, which has now been extended to the emirate of RAK.
The agreements were signed by the Government of RAK’s Municipality Department, the Department of Economic Development and the Ras Al Khaimah Investment Authority. They will allow executors to distribute assets to beneficiaries, subject to enforcement orders issued by the Courts of RAK.
This allows for the enforcement of DIFC Courts probate orders covering the wills of non-Muslim investors and residents who have assets in Ras Al Khaimah.
Wills must have been registered at the DIFC Wills and Probate Registry and, moreover, validation must have been granted by the DIFC Courts.
Chairman of RAK Courts Department, Chancellor Ahmed Mohammed Al Khatri, has stated: “As more people are choosing to set up businesses, work and live in Ras Al Khaimah, using the successful DIFC Wills and Probate Registry system will increase their confidence and commitment, allowing them to put down roots and build happy lives and a thriving business.”
The Wills and Probate Registry allows non-Muslims to decide what happens to their assets in a confidential, secure and straightforward procedure, thus enabling non-Muslim people to plan for the future.
Mr Sean Hird, who is a Director of DIFC Wills & Probate Registry stated, “We look forward to extending our popular five-star service to the growing number of investors and residents in Ras Al Khaimah. By registering a will with us, businesspeople, homeowners and families can be confident that their assets and children will be safeguarded for the future.”
Contact one of our officers to get more information about DIFC Wills implementations for investors and residents of RAK. Simply fill in the contact box below or contact us by email on email@example.com or by calling on +971 20 20 999