Dubai – MENA Herald: DIFC Wills & Probate Registry (WPR) has announced a major new partnership with Emirates NBD, one of the leading banks in the region to ensure that for the first time ever, individuals that want to secure their assets in Dubai can now do so for a manageable monthly cost. The landmark new relationship will see Emirates NBD, one of the biggest national banks in the region, offering zero per cent payment options to their customers over the period of up to 12 months upon registering a will with WPR. It has been specifically designed to offer peace of mind to people who are looking to spread the costs of registering a will, whether they are living, investing or conducting business in Dubai.
This new move by WPR highlights the high level of confidence that leading companies in Dubai have in the Registry, which started providing the unique common law registration and probate service in May 2015. This level of assurance combined with the Registry’s high quality of service, is set to have a substantial impact on the number of people registering a will in Dubai. A number of additional banks are expected to follow Emirates NBD in offering the option to their customers.
Sean Hird, Director, DIFC Wills & Probate Registry, commented, “We are proud to partner with the UAE’s leading bank, Emirates NBD, to ensure that we are providing asset protection in the form of a will, making our service even more accessible. This new relationship shows a clear vote of confidence in WPR, and whilst Emirates NBD is our first partner, our next step is to increase further increase the number of partnerships to bring easy payment plan options to even more people in Dubai.
“Registering a will this way means that people will have immediate peace of mind knowing their hard earned assets are safe and their succession will be in line with their personal wishes. Now our customers can also spread the payments at no extra cost over three to 12 months.”
Suvo Sarkar, Senior Executive Vice President & Group Head – Retail Banking and Wealth Management, Emirates NBD said, “As Dubai increasingly becomes a location to lay down your roots we are seeing more families planning to stay here, more small businesses starting up and an increase in overseas investors; the number of people buying a permanent home or investing in property in Dubai has risen over the last year. This highlights the importance of safeguarding assets, so we are delighted to partner with DIFC Wills & Probate Registry to provide our customers a zero per cent instalment plan. This will now help people manage their spending on the really important things in their lives alongside their existing outgoings.”
The registration of a single will is Dhs 10,000 and that of two mirror wills is Dhs 15,000. The Wills & Probate Registry is based on international best practices to give residents and non-residents a legal solution and the freedom to dispose assets as they wish after their death. DIFC Wills & Probate Registry is the first jurisdiction in the MENA region where one can register an English language will under internationally-recognised common law.