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Bank Account - Savings without Visa

Bank Account - Savings without Visa

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Old Sep 19th 2007, 1:53 pm
  #16  
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Default Re: Bank Account - Savings without Visa

Originally Posted by IndieGirl
Best to keep the money in your wife's name
I thought this was about *saving* money? lol
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Old Sep 19th 2007, 1:56 pm
  #17  
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Default Re: Bank Account - Savings without Visa

Originally Posted by Cham128
I thought this was about *saving* money? lol
Not quite, this is about the wife getting her hands on what's left after you're gone
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Old Sep 19th 2007, 1:57 pm
  #18  
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Default Re: Bank Account - Savings without Visa

Originally Posted by IndieGirl
Not quite, this is about the wife getting her hands on what's left after you're gone
In my experience, they don't have the courtesy to wait that long...
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Old Sep 19th 2007, 2:10 pm
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Default Re: Bank Account - Savings without Visa

Originally Posted by shakh your bootie
In my experience, they don't have the courtesy to wait that long...
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Old Sep 20th 2007, 5:15 am
  #20  
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Default Re: Bank Account - Savings without Visa

Originally Posted by shakh your bootie
In my experience, they don't have the courtesy to wait that long...
Awee Shakh, some bad woman been after your pennies ???
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Old Sep 20th 2007, 6:33 am
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Default Re: Bank Account - Savings without Visa

Originally Posted by Paidtoplease
Awee Shakh, some bad woman been after your pennies ???
I'm not bitter - I consider the fleecing a spring-cleaning of my karma
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Old Sep 20th 2007, 7:28 am
  #22  
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Default Re: Bank Account - Savings without Visa

Originally Posted by IndieGirl
Sharia Law, as far as inheritance is concerned, only applies to muslims. If you are a non-muslim, then the law of your country applies (not sure what happens if you're from an Islamic country though). If there is no Will, then you'd have to get a probate, get it legalised and the Bank releases your funds.

Best to keep the money in your wife's name
Sorry, but it absolutely does not. In the UAE Sharia Law applies to everybody, no matter where they are from. This is why it is important to have wills that have been validated here.

If a man dies, under Sharia it is possible for their joint assets to be passed to another (male) member of the family.

Ladies, protect yourselves.


AND - for Brits, be aware that no matter where you live, on death your worldwide estate is subject to UK IHT.
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Old Sep 20th 2007, 6:34 pm
  #23  
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Default Re: Bank Account - Savings without Visa

Originally Posted by Meow
Sorry, but it absolutely does not. In the UAE Sharia Law applies to everybody, no matter where they are from. This is why it is important to have wills that have been validated here.

If a man dies, under Sharia it is possible for their joint assets to be passed to another (male) member of the family.

Ladies, protect yourselves.


AND - for Brits, be aware that no matter where you live, on death your worldwide estate is subject to UK IHT.
Well not according to Al Tamimi, Habib Al Mulla ........(leading legal counsel here). Moreover, I speak from experience - the balances in the accounts of non-muslims were disposed off exactly as per probate/court order (non UAE)...

Will post the legal advice received verbatim on Sunday......
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Old Sep 20th 2007, 6:43 pm
  #24  
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Default Re: Bank Account - Savings without Visa

Originally Posted by Meow
Sorry, but it absolutely does not. In the UAE Sharia Law applies to everybody, no matter where they are from. This is why it is important to have wills that have been validated here.

If a man dies, under Sharia it is possible for their joint assets to be passed to another (male) member of the family.

Ladies, protect yourselves.


AND - for Brits, be aware that no matter where you live, on death your worldwide estate is subject to UK IHT.
Remember, Under Sharia law all land is owned by the highest ranking female
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Old Sep 20th 2007, 6:44 pm
  #25  
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Default Re: Bank Account - Savings without Visa

Originally Posted by Meow
Sorry, but it absolutely does not. In the UAE Sharia Law applies to everybody, no matter where they are from. This is why it is important to have wills that have been validated here.

If a man dies, under Sharia it is possible for their joint assets to be passed to another (male) member of the family.

Ladies, protect yourselves.


AND - for Brits, be aware that no matter where you live, on death your worldwide estate is subject to UK IHT.
Got to catch me first.....
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