Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Investors and residents set to benefit from new legal measures for enforcing wills in Ras Al Khaimah
 
Investors and residents set to benefit from new legal measures for enforcing wills in Ras Al Khaimah

Dubai, UAE, December 13, 2016:  For the first time ever, eligible investors and residents in Ras Al Khaimah can enforce their personal wills in accordance with their wishes, protecting their assets and their families as they see fit. 

New agreements by Ras Al Khaimah and the Dubai’s DIFC Dispute Resolution Authority (DRA), allow for direct enforcement of DIFC Courts probate orders covering the wills of non-Muslim residents and investors with assets or family in Ras Al Khaimah. Wills must have been registered with the DIFC Wills and Probate Registry and probate must have been granted by the DIFC Courts. 

Three new co-operation agreements covering economic assets and property have been signed with the Municipality Department of the Government of Ras Al Khaimah, the Department of Economic Development, and the Ras Al Khaimah Investment Authority. They will allow executors to efficiently distribute the assets to beneficiaries, subject to enforcement orders issued by Courts of Ras Al Khaimah.

Chancellor Ahmed Mohammed Al Khatri, Chairman of RAK Courts Department said: “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 thriving businesses.”

DIFC Wills & Probate Registry is an initiative of the Dubai government, now extended to Ras Al Khaimah. WPR gives effect to the freedom provided by UAE Personal Status Law which allows non-Muslims the chance to choose what happens to their assets in a simple, secure and confidential process – enabling them to take care of tomorrow. 

Sean Hird, Director, DIFC Wills & Probate Registry said, “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.”

Posted by : Dubai PR Network Editorial Team
Viewed 10016 times
PR Category : Real Estate & Retail
Posted on : Tuesday, December 13, 2016  4:14:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Dubai Property Show concludes in Mumbai with an overwhelming...
Next Story : Loyyal signs with Dubai Holding to bring the future forward ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
BIODERMA Hydrabio Serum and Sensibio Gel moussant [28591-Views]
Kate Winslet launches the exclusive Flagship Heritage by Kate Winslet timepiece to be auct... [27554-Views]
Joyalukkas announces ¼ Kilo Gold Winner of the ongoing ‘Joyalukkas Shop & Win Upto 60 Kg G... [24388-Views]
Malabar Gold & Diamonds announced its Summer offers – Win up to 75 Gold Bars [22692-Views]
Paris Gallery's Eid Gift Guide: The Fragrance Edit [21307-Views]
Joyalukkas conducts 75th Blood Donation Camp [19526-Views]
Montblanc: The perfect gift guide [18977-Views]
Jewel Corner Launches A Brand New Kiosk In The UAE [16976-Views]
SALLY HANSEN Nail Trend Report FREE FORM & NEGATIVE SPACE [16781-Views]
Ulysse Nardin - Classic Dual Time Enamel [16092-Views]
Louis Moinet - Stardance brings down the stars for Eid Al Fitr [16043-Views]
The Admiral sets sail on an ocean of colours [15744-Views]
CITIZEN L… Ideal for the Stylish Woman this Eid [15640-Views]
RAYMOND WEIL Shine Etoile makes a stunning Eid gift [15616-Views]
Citizen Presents Three Stunning New Models for Father's Day [14628-Views]
Joyalukkas presents ¼ Kilo Gold to the Winner of the ongoing ‘Joyalukkas Shop & Win Upto 6... [14561-Views]
Celebrate Father's Day in 'Swiss Style' with RAYMOND WEIL [12975-Views]
Happy Father's Day with Ulysse Nardin Executive Skeleton Tourbillon [12718-Views]
Skyline University College Iftar Dinner and Cricket Match for 200 Sharjah Laborers [10614-Views]
SAINT HONORE Opéra is Ideal for the Stylish Woman [9858-Views]
Joyalukkas Win Upto 60 KG gold promotion Lucky winner announced in the UAE [9400-Views]
SAINT HONORE Charisma Twist [8491-Views]
Paris Gallery Eid Gift Guide: The Watch Edit [8442-Views]
Cook Smart with LG this season [7881-Views]
First SUC Regional Workshop on Open Source in Technologies for Libraries [7832-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories