Key Considerations When Preparing a Power of Attorney in UAE

Key Considerations When Preparing a Power of Attorney in UAE

When a loved one or close friend becomes incapacitated, it can be a difficult and emotional time for everyone. You don’t have to worry about the power of attorney you are leaving behind or who will make important decisions for your incapacitated loved one. Power of attorney in UAE is one of the most common ways that people in the United Arab Emirates transfer assets and money to relatives overseas, allowing them to move to an area with medical care, investment opportunities, and other necessities, without worrying about the financial burden. The process requires careful consideration and documentation when moving your affairs to the Middle East.

The first key consideration when preparing a power of attorney in the United Arab Emirates is to select a qualified and experienced lawyer. There are many attorneys in the region but only a few with real experience handling cases that fall within the realm of the power of attorney. Make sure that your intended recipient knows and understands the nature of your power of attorney. Discuss your plans for retirement, investments, property rental, estate planning, and other aspects of your future. If you have children, you should ensure their welfare is looked after by a trusted lawyer as well.

If possible, see if you can see any recommendations from past clients and relatives. This will allow you to see how successful a particular attorney has been in the past and whether or not you think he or she will provide the services you need. If there is no one you can see from the family, the Internet is another possible option to help you find a qualified and trustworthy power of attorney-planning lawyer.

In many cases, you may be required to pay a retainer to a lawyer before you can start using his or her services. It’s important to see what the retainer cost is and how often this service is done. Some lawyers charge for every hour of work you take, while others are more reasonable with hourly rates.

When preparing a power of attorney in Dubai, it’s important to see that the documents you prepare are notarized and include a signing statement. This shows that the person you are assigning the authority to act on your behalf is an authorized signatory to the agreement. This is especially important if you are going through a difficult process at home. For example, if your family wants you to change your name, a notarized signature on all documents is the best way to ensure you never become a victim of identity theft.