A will is primarily used for distributing assets among beneficiaries. It is essential to have a clear plan for how your assets should be distributed to ensure your intentions are carried out. The DIFC Wills Service offers a convenient way for non-Muslim residents or expatriates in the UAE to register their wills, ensuring the proper distribution of assets and guardianship arrangements.

Having a will is indeed crucial to ensure that your assets are distributed according to your wishes and to avoid potential complications for your loved ones after your passing. Here are some key points from your content:

1. Importance of Having a Will:
Not having a will can lead to inheritance issues and legal complexities, freezing of assets until liabilities are cleared, and potential disputes among family members.

2. Asset Distribution:
A will is primarily used for distributing assets among beneficiaries. It’s essential to have a clear plan for how your assets should be distributed to ensure your intentions are carried out.

3. Guardianship for Minor Children:
A will can also be used to appoint legal guardians for minor children in case both parents pass away. This is particularly important to avoid misunderstandings and ensure the well-being of your children.

4. Misconceptions:
There’s a misconception that the wife automatically becomes the guardian of minor children in case of the husband’s death. However, in the UAE, Sharia Law would apply in the absence of a will, making it crucial to specify guardianship intentions in a will.

5. Forced Heirship Regime and Non-Muslims:
Non-Muslims residing in the UAE might face complications due to the Sharia Law’s forced heirship regime. Registering a will can help bypass this regime and ensure assets are distributed as per your intentions.

6. DIFC Wills Service:
The DIFC Wills Service offers a convenient way for non-Muslim residents or expatriates in the UAE to register their wills, ensuring the proper distribution of assets and guardianship arrangements.

7. Transferring Company Shares:
The content highlights that the transfer of company shares to surviving shareholders in the UAE doesn’t happen automatically. A probate process would be necessary if a shareholder passes away without a registered will.

8. Cost of Registering a Will:
The content mentions that various types of wills can be registered with the DIFC Wills Service, with costs starting from AED 5,000.