The document discusses the importance of having a last will and testament, especially for those owning assets in the UAE. It highlights how a will clarifies how one's assets should be distributed upon death and protects family members regarding inheritance and guardianship. Without a will, Sharia law is automatically applied, which distributes assets differently than one may intend. The seminar aimed to raise awareness of wills and their implications among UAE residents.

1. Seminar focus on last will.
Estate Planning is all about peace of mind. What estate planning is all about is discovering the right
devices to execute your basic requirements. We do this using the most up to date tools so that we
can prepare a customized strategy at the lowest possible cost.
The importance of having a clear last will and testament made,
especially for people who own assets and investments in the UAE was
highlighted at an insurance seminar in Dubai.
A well-drafted document will clarify exactly how one's assets
should be distributed in the event of death, while protecting family
members on issues such as inheritance and guardianship, experts said.
In the absence of a will, the Sharia law is automatically applied
to the assets and family of the deceased, whether Muslim and non-Muslim,
and assets are distributed as per the stipulations of the Sharia law.
Additionally, a will establishes who the true guardians of the
children will be in the event that both parents die, the speakers said.
Under Sharia, which governs all courts in Muslim countries, the
wife of the deceased receives one-eighth of the total estate, while the
children receive one-sixth of the share. For every share received by the
daughters, the sons receive twice as much, according to the speakers.
The seminar, hosted by Millennium Insurance Brokers Company
(Mibco), a company specialising in life, income protection and private
medical insurance, featured some of the top professionals from the

2. related industry
http://www.americanbar.org/groups/real_property_trust_estate/resources/estate_planning.html as its
speakers, including Mohammed Marria, head of
Just Wills (UAE), and Albert Rodrigues, managing director of Mibco.
"Many people put off this important activity until it is too
late," said Rodrigues. "Upon their death, their families have
to go through a long-drawn series of legal hassles, disputes and
unwanted headaches. The seminar is therefore an important opportunity to
raise awareness among UAE residents about wills and their
implications."
Mohammed Marria, from Just Wills, a UK-based wills specialist,
stressed on the importance of having a clearly drawn will that is
adapted into Arabic and notarised by the individual's embassy or
consulate in the country.
While drawing up a will, one should list all of his or her assets
and appoint an executor to ensure sure that all assets Estate Planning will be
bequeathed to the rightful beneficiaries, he said.
"The will is a powerful and necessary document that safeguards
families, whether expatriate or national," he said.
"We are shocked to see that people in this region are still
aware of its importance, unlike in other countries. As banks and

3. financial institutions in the Arab world become increasingly
Sharia-compliant, people need to be aware how their assets will be
distributed in the event of their death."
Marria said that wills were gaining a great deal of significance in
recent times, chiefly due to many reported cases of legal disputes
across the region.
"The last will acts as an important insurer against such cases
and allows total peace of mind for the testator," he added. --
TradeArabia News Service
Copyright 2011 www.tradearabia.com
Copyright 2011 Al Hilal Publishing Marketing Group
Provided by Syndigate.info an Albawaba.com company

4. http://www.thefreelibrary.com/Seminar+focus+on+last+will.-a0253991137
Ultimately, estate preparing is about comfort. The procedure itself is essential as well as can help
you develop a good, solid functioning strategy that will certainly deal with you, your children, as well
as your possessions in situation of your fatality or impairment.