There are many things that you might not have thought about, but it makes sense that you should. For instance, you didn’t know about DIFC Wills, and why to have one when you are doing business in a free zone? A Will is a legal document even in its basic form. In this document, you inform the world about your intention to give legal custody of any of your belongings, commercial or otherwise, to the people who you believe deserve it. There is no reason to doubt the authenticity of the Will if it comes straight from the person who had it made in the first place. The attorney will brief all concerned parties about details. Will is important for a number of reasons, and each reason is worth your attention.
Firstly, why to have a Will in the first place? After all, you could have asked your attorney to disclose it after your demise? Well, both options are doable and practiced by many around the world. There is no harm in disclosing the document while you are alive and well. People who are nominated, or addressed, may get information about the Will. Of course, different people will come up with different reactions, but that is immaterial. The Will is strictly a technical document and should be treated as such.
The need to have a Will
You can ask your attorney to prepare the Will the moment you deem appropriate. It can be done sooner, or later. Choosing the right time is your discretion to do the needful and take your time and think about things that Will might address. Keep in mind that it is a document that has legal implications. You don’t want to have any trouble with your business and want things to go smoothly. Your attorney will follow suit and ensure that the Will is used as required. Some Wills are needed for business, which is something that you should leave your attorney. just make sure to have the Will prepared in advance so that you don’t end up hasting things when needing one at the last hour.
Same goes for the power of attorney. You must have it all planned well ahead of the requirement. You should have it in hand when needed, and not the other way around. Doing this will help you do things in proper order so that nothing goes wrong.