Property and assets often need to be restructured to achieve estate planning and/or succession planning goals.
At TWS Legal Consultants, our lawyers are multi-lingual and proficient in Sharia and non-Sharia law. Our Legal Consultants are registered with the UK Solicitors Regulation Authority the Dubai Legal Affairs Department. We have a robust knowledge of UK and UAE law and how it applies to expatriates in the UAE. Having advised clients in property and asset restructuring matters for over a decade; you can have confidence that our lawyers will listen to your wishes and organise your affairs in a way that fulfils your objectives and protects your wealth.
TWS Legal Consultants is a fully digital law firm. We can organise appointments via video conferencing if this suits your needs.
In the UAE, companies and family businesses usually adopt a bespoke corporate structure/DIFC Foundation. However, this can lead to significant problems if the structure has not been created properly regarding ensuring your business continues after your death because heirs cannot deal with assets until title transfers into their names. This can take considerable time as under Sharia law, all debts must be settled, and the rights of heirs must be determined before the estate can be distributed.
By seeking legal advice from our lawyers placing the assets into an offshore trust, or a corporate entity, they become non-estate assets and therefore delay is avoided.
Note: non-Muslim foreign nationals may wish to consider a DIFC Will to ensure their property is dispersed as per their Will, rather than Sharia Law principles.
Restructuring your assets by placing them into a trust or into a corporate entity (either onshore or offshore) can considerably reduce the taxes paid on your estate. Our lawyers will take the time to thoroughly review your situation and find out what success means to you. We are highly respected in the region for our estate planning expertise. You can be confident that by instructing us, you will be receiving the most up to date, robust estate planning advice available.
If you require legal advice related to restructuring property or assets, please contact one of our commercial law team at TWS Legal Consultants to make an appointment:
