What is the meaning of a bequest?
Bequest: Definition
A bequest is a gift or property transfer outlined in a will, effective upon death.
What is a bequest in a will?
A bequest in a will transfers specific property to a recipient after death, as outlined in the will. In UAE law, a bequest may follow Sharia principles or apply to non-Muslims under UAE Federal Law No. 28 of 2005. Example: A father leaves a Dubai Marina apartment to his daughter through a DIFC will.
What is the difference between a will and a bequest?
- Specify the exact amount to be bequeathed.
- Clearly identify the recipient.
- Adhere to legal limitations, particularly in Sharia-compliant contexts.
- Register the will through appropriate courts or services.
- Example: AED 50,000 was bequeathed to Abu Dhabi Hospital through an ADGM will.
- Reference: UAE Federal Law No. 28 of 2005, Article 250
How to bequeath money in a will?
- Specify the exact amount to be bequeathed.
- Clearly identify the recipient.
- Adhere to legal limitations, particularly in Sharia-compliant contexts.
- Register the will through appropriate courts or services.
- Example: AED 50,000 was bequeathed to Abu Dhabi Hospital through an ADGM will.
- Reference: UAE Federal Law No. 28 of 2005, Article 250
What is the use of a bequest?
- Bequests allow precise asset allocation, facilitate charitable contributions, ensure family provision, and assist with tax planning.
- Example: Mrs. Sarah used a bequest to donate her art collection to the Dubai Museum.
- Reference: Dubai Courts Inheritance Guidelines
How is bequeath used in a will?
- A proper bequest includes:
- Clear asset descriptions.
- Accurate recipient details.
- Timing of distribution.
- Conditions, if applicable.
- Example: “I bequeath my Emirates NBD account #12345 to my nephew Mohammed.”
- Reference: UAE Civil Transactions Law
What is an example of a bequest?
- Common examples include:
- Cash donations to charity.
- Real estate gifted to children.
- Jewelry given to relatives.
- Business shares transferred to specific individuals.
- Example: A businessman bequeathed 20% of his company shares to a business partner.
- Reference: DIFC Wills Registry Cases
What are heirs called in a will?
- UAE terminology distinguishes:
- Beneficiaries: General recipients of estate assets.
- Legatees: Those named for specific bequests.
- Heirs: Legal inheritors by default under Sharia or law.
- Successors: Individuals receiving the entire estate.
- Example: A will named five beneficiaries, including two legatees for specific bequests.
- Reference: UAE Personal Status Law Articles 360-365