Creating a will is essential in estate planning, ensuring that your assets are distributed according to your wishes. In Abu Dhabi, the cost of drafting a will can vary depending on several factors. While providing an exact figure without specific details is challenging, this article aims to give you a general idea of the costs associated with creating wills in Abu Dhabi.
The primary cost component of drafting a will in Abu Dhabi is the legal fees charged by the lawyer or law firm assisting you. Legal fees can vary based on the complexity of the will, the size of your estate, and the lawyer’s expertise. It is advisable to consult with multiple lawyers and request fee quotes to compare and choose the one that suits your needs and budget.
Typically, lawyers in Abu Dhabi charge an hourly rate for their services. The hourly rate can vary depending on the lawyer’s experience and reputation. Some lawyers may also offer fixed fee packages for drafting a will, which can provide more cost certainty. The legal fees may include additional services, such as notarization and will registration.
Notarization and registration fees:
In Abu Dhabi, wills must be notarized and registered to ensure legal validity. Notarization involves signing the will in the presence of a Notary Public, who verifies the identity of the testator (the person making the will) and witnesses the signing. The notarization process incurs a fee set by the competent authorities.
The will is usually registered at the Abu Dhabi Judicial Department or the Abu Dhabi Distribution of Wills Office. Registration fees can vary depending on the value of the assets involved and the complexity of the will. When creating the will, it is advisable to inquire about the specific registration fees.
Additional costs may be associated with creating a will, such as translation fees if the will needs to be translated into Arabic or any other language. If you have complex financial arrangements or unique requests, additional consultations with financial advisors or tax experts may also be required, incurring additional fees.
Discussing all potential costs and fees with your lawyer upfront is crucial to avoid any surprises. Cost transparency will help you plan your budget accordingly and ensure you are fully aware of the financial implications of creating a will in Abu Dhabi.