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Now you can pass on your real estate assets to your near and dear ones via the internet.
DIFC Wills & Probate Registry (W&PR) has launched an online facility that provides all eligible resident and non-resident property owners with just such an option. The facility is now available on the Registry’s website — www.difcprobate.ae
Property owners can complete a template will online specifically limited to real estate. According to a statement issued by the Registry, the property will is ''straightforward to complete''.
The registration cost of a single property will is Dh7,500 and that of two mirror property wills is set at Dh10,000.
''The formalities of registration remain the same as for all other forms of will that are registrable at W&PR,'' it adds.
The facility has been developed to address the concerns of both residents and investors in relation to inheritance matters, particularly where the sole or major asset is real estate.
According to Sean Hird, Director of DIFC Wills & Probate Registry, ''The number of Dubai property transactions by non-Muslims is likely to reach 13,000 this year and we want to make it as easy as possible to protect those properties through the registration of a will. They can create a compliant will that will ensure their property is passed to their chosen beneficiaries.''
Previously, the W&PR Rules only set out specific mandatory statements that must be included in a will for it to be registrable. The new property will template is a ''self-contained document that can be easily completed''.
''To date we have registered more than 1,500 wills at W&PR,'' Hird said. ''The new property will is part of our broader strategy to make registering a will accessible to more people and already this year we have taken significant steps towards this.''
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Source: Staff Report, gulfnews.com