Real Estate and Succession Planning
Real estate and succession planning are two related areas that are often intertwined, particularly when it comes to passing down real estate assets to future generations. Succession planning involves the process of preparing for the transfer of assets, including real estate, from one generation to the next, while minimizing taxes and legal issues. This involves creating a will or trust that outlines how real estate assets will be transferred to heirs or beneficiaries. Succession planning involves identifying any legal issues related to real estate, such as outstanding lines or judgments, and addressing them to avoid complications during the transfer of assets. It also involves identifying ways to minimize tax liabilities, such as using gifting strategies or establishing a trust to hold real estate assets.
Overall, real estate and succession planning are critical components of estate planning, particularly for individuals with significant real estate assets. By developing a comprehensive succession plan, individuals can ensure that their real estate assets are transferred to future generations smoothly and with minimal legal and tax issues.
Our real estate and succession planning includes the following services:
- Drafting Lease deed and sale deed
- Negotiate and Assist the Client in Lease renewals
- Assist in resolving tenancy disputes, disputes between investors, developers and contractors
- Assist in valuation of property and prepare property valuation report
- Conducting due diligence on the property
- Registration of property with the land department (transfer of property) processing property linked visa
- Advise the Client in succession planning
- Drafting of Wills/Mirror Wills and related documents as per the Clients Requirement (Non-Muslims) for the Assets situated in UAE and Overseas
- Assist the Client in probating the Will
- Assist the Clients in Executing the Will
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