iPhone | iPad
Android
Huawei
Move will consolidate Abu Dhabi's role as a key player in the green hydrogen sector
KT APPDOWNLOAD
Interest in will-drafting doubled since Covid-19, says UAE lawyer
Dubai - 'The common concern for all is the unpredictability of the current situation.'
Muhammad Tariq, partner at Legal Inz, said the volume of enquiries alone had gone up by 200 per cent at his firm, while those who actually went through with drafting their wills had seen a 100 per cent increase.
"The common concern for all is the unpredictability of the current situation," said Tariq.
"People above 40 years are the ones seriously considering estate planning. However, we're seeing a lot more inquiries from those in the younger age bracket."
He attributed part of the increased demand to their discounted rates for healthcare workers, but added that they did not anticipate things to turn "so sharply".
Nita Maru, managing partner at TWS Legal Consultants, confirmed she had seen a 40 per cent spike in interest since March.
"Expats are looking for certainty and peace of mind during these turbulent times," she explained.
"Writing a will gives them the security they are looking for in knowing that their assets and family will be protected in the worst-case scenario. This extraordinary and unpredictable experience has triggered expats into reflecting on whether their own affairs are in order. Legacy planning has become an urgent priority for all."
Meanwhile, technology has been playing a vital role in helping law firms keep up with the surge in demand - especially as DIFC wills can be registered virtually since March 22, either by virtual registration or via video conferencing.
"We have been able to effectively accommodate our clients' needs with virtual meetings and the smooth registration of wills online, making the process simple and convenient for all," said Nita.
karen@khaleejtimes.com
More news from
The Delhi Capitals captain delivered some eye catching glovework taking two catches and effecting a stunning stumping against Gujarat Titans on Wednesday
In 10 years, the sector with 928,000 positions is projected to employ one in 9 residents
Adnoc will pay up to $1.195 billion, along with up to $4.18 million in applicable interest
Italian coach praises his team who 'gave their all' to secure victory in a pulsating Champions League quarter-final on Wednesday
With hundreds of vehicles abandoned on the road and motorists assessing their cars, fear mounts of further damage
Manchester City's dream of becoming the first team in history to claim the three titles in back-to-back years falls to pieces in penalty shootout loss
After an absence of nearly 850 days, the popular game is bringing back the cosmetic skin to its shop
