[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.14.8″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
Many people race through everyday life on autopilot, getting on with it. But when was the last time you stopped and assessed your current situation? Often we do this when something awful happens to a friend, colleague or family member. It’s that painful reminder that we’re maybe not as well protected as we need to be. This is not just financial in terms of where you are, how you\u2019re doing and where you\u2019re heading, it’s also about feeling safe and ensuring your family is secure.<\/span><\/p>\n Expats make up 80% of the UAE population, so by their very nature, are living in a jurisdiction where the laws of their home country don\u2019t apply. For example, the common law that\u2019s adopted in the UK and other parts of the world is not applicable here, but people don\u2019t stop to think about how this may impact expats in a host of areas. <\/span><\/p>\n Here are our top things to consider when looking at staying safe and secure in the UAE:<\/span><\/p>\n Although it\u2019s unpleasant to think about, you need to plan ahead and put steps in place should something happen to you and\/or your family whilst living in the UAE. <\/span><\/p>\n There are a number of different steps involved to do this properly:<\/span><\/p>\n Finsbury Associates, through the Kids Initiative<\/a>, can offer the ICE plan<\/b> service free of charge.<\/p>\n Peace of mind isn\u2019t something you should procrastinate over.<\/span>\u00a0 \u00a0 \u00a0 <\/span><\/p>\n \u00a0 \u00a0 \u00a0 2. A\u00a0<\/span>Temporary Guardianship document\u00a0<\/b>would be your next step in the case of protecting your children. This is a legal document authorising the temporary care of your children (again<\/span>\u00a0 until <\/span>\u00a0permanent guardians can get here). This also allows them to authorise any medical treatment necessary for your children in the event of something happening while you are either out of the country or incapacitated. Important for those parents who travel. <\/span><\/p>\n There are different options of wills in the UAE and Finsbury Associates partner with regulated law firms in order to complete a full assessment and provide further advice on this. Whilst it’s hard to think about, it is important to ensure that your estate is distributed in accordance to your wishes and there are things that you do now ahead of time to ensure this happens. It’s important to note, as the backbone of the UAE law, Sharia Law will generally take precedence in the absence of a will.<\/span><\/p>\n A good first step is to establish a will in your own home country and then depending on your circumstances, you may also need a UAE will. Although your home country will can be submitted to the Dubai Courts through the Court of Appeal, it can be a costly and time consuming process so for smaller amounts of assets wouldn’t be the best provision.\u00a0<\/span><\/p>\n Non muslims who hold significant assets within the UAE should avail of a DIFC (Dubai International Financial Centre) will, whilst muslim clients may wish to look at financial planning provisions to ensure that assets are divided in accordance to their wishes. Through our network of registered law firms who specialize in wills we can provide further guidance and advice specific to your circumstances.<\/span><\/p>\n Ignoring this area could turn your whole world upside down if the worst were to happen. We\u2019ve seen it happen first hand here and in our home countries, and thankfully we\u2019d ensured our clients had the correct solutions in place.<\/span><\/p>\n Whilst some companies may provide life insurance, not all do and in many cases the level of cover may not be enough. Most have a level of life cover in place, to pay a lump sum of money to your spouse or dependent(s) if you were to pass away, but 9 times out of 10 this is calculated on a multiple of your \u00a0<\/span>base salary<\/b>, not including allowances or other employment income that makes up your total salary.<\/span><\/p>\n The vast majority of people won\u2019t die before they finish their working lives, but more and more people will suffer a critical illness that will knock them for six, and could result in lost income indefinitely. Cancer, heart attack, stroke, Alzheimer\u2019s disease, Parkinson\u2019s disease\u2026 the list is lengthy. Don\u2019t blur the lines between decent medical cover and a life or critical illness policy \u2013 they\u2019re not the same, despite many thinking they are. Many only realising when it\u2019s too late. \u00a0Too often, people in the UAE have a shortfall in this area, and don\u2019t even know where to start when it comes to calculating what sum will be required. It\u2019s essential to<\/span> speak to an expert<\/span><\/a>\u00a0 to ensure you have the right cover.<\/span><\/p>\n Do you know the finer points of what, where and how your corporate medical cover looks after you and your family if you were to get sick or injured?<\/span><\/p>\n This is so important.<\/b> \u00a0<\/span><\/p>\n Our team at Beneple work with HR managers to educate them on the merits of taking out the most appropriate group medical cover, whether that be tiered by employee, include specific options like optical and medical or simply be a basic policy to ensure all employees are covered.<\/span><\/p>\n For those with families, it is vital you are all covered in the event of an emergency. Kids have accidents no matter how hard we try and protect them, and with families travelling more often than the norm in the UAE, the risk of common colds and infections is much more significant. See how our team can help you<\/span> here<\/span><\/a><\/p>\n Would you be confident in <\/span>your<\/b> ability to perform CPR on an infant or child in the event of an emergency? Would you be able to stop your child from choking if no other first-aider was around?<\/span><\/p>\n Our sister company Safe Hands<\/a> specialise in first-aid training & wellness, and have conducted over 1,500 first-aid courses and initiatives here in the UAE. Many attendees have had to use their skills learnt in what could otherwise have been a terrible situation.<\/span><\/p>\n Many companies, schools, nurseries and communities across the UAE are taking part and hosting workshops for their parents and staff to introduce these life-saving skills. <\/span><\/p>\n You may already have a business continuity plan in place as part of your business plan. This ensures its future if things go wrong, however have you considered what happens if you lose a key member? You should always consider insuring against the loss of your most important business assets \u2013 your key employees.<\/span><\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.14.8″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] Many people race through everyday life on autopilot, getting on with it. But when was the last time you stopped and assessed your current situation? Often we do this when something […]<\/p>\n","protected":false},"author":1,"featured_media":828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"\n\t\t\t\t\n\t\t\t\t[vc_row][vc_column][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=\"\"][vc_column][vc_custom_heading source=\"post_title\" font_container=\"tag:h2|text_align:left|color:%23a49564\" google_fonts=\"font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\"][vc_column_text title=\"There\u2019s no doubt that safeguarding is the foundation of any robust life plans. But few people understand what it really involves.\" css_animation=\"\"]Many people race through everyday life on autopilot, getting on with it. But when was the last time you stopped and assessed your current situation? Often we do this when something awful happens to a friend, colleague or family member. It's that painful reminder that we're maybe not as well protected as we need to be. This is not just financial in terms of where you are, how you\u2019re doing and where you\u2019re heading, it's also about feeling safe and ensuring your family is secure.<\/span>\nWhat would you do if…?<\/b><\/h3>\n
1- ICE planning (In Case of Emergency) – what would happen to your children if something happened to you and your husband?<\/b><\/h4>\n
\n
2- Setting up your Will – What would happen to your assets in the UAE?<\/b><\/h4>\n
3- Life Cover and Critical Illness Cover \u00a0– What would happen to your family if you died?<\/b><\/h4>\n
4- Medical Cover – What would happen if you got sick and couldn\u2019t afford medical care?<\/b><\/h4>\n
5- \u00a0First-Aid – What would you do if your child started choking?<\/b><\/h4>\n
6- Protecting your business – What would happen if you, a business partner or key person of the team were to suffer a critical illness or pass away?<\/b><\/h4>\n
Don\u2019t have a shortfall when it comes to protection. Make sure you and your family are safe!<\/b><\/h2>\n
What would you do if...?<\/b><\/h3>\nExpats make up 80% of the UAE population, so by their very nature, are living in a jurisdiction where the laws of their home country don\u2019t apply. For example, the common law that\u2019s adopted in the UK and other parts of the world is not applicable here, but people don\u2019t stop to think about how this may impact expats in a host of areas. <\/span>\n\nHere are our top things to consider when looking at staying safe and secure in the UAE:<\/span>\n
1- ICE planning (In Case of Emergency) - what would happen to your children if something happened to you and your husband?<\/b><\/h4>\nAlthough it\u2019s unpleasant to think about, you need to plan ahead and put steps in place should something happen to you and\/or your family whilst living in the UAE. <\/span>\n\nThere are a number of different steps involved to do this properly:<\/span>\n
\n \t
2- Setting up your Will - What would happen to your assets in the UAE?<\/b><\/h4>\nThere are different options of wills in the UAE and Finsbury Associates partner with regulated law firms in order to complete a full assessment and provide further advice on this. Whilst it's hard to think about, it is important to ensure that your estate is distributed in accordance to your wishes and there are things that you do now ahead of time to ensure this happens. It's important to note, as the backbone of the UAE law, Sharia Law will generally take precedence in the absence of a will.<\/span>\n\nA good first step is to establish a will in your own home country and then depending on your circumstances, you may also need a UAE will. Although your home country will can be submitted to the Dubai Courts through the Court of Appeal, it can be a costly and time consuming process so for smaller amounts of assets wouldn't be the best provision.\u00a0<\/span>\n\nNon muslims who hold significant assets within the UAE should avail of a DIFC (Dubai International Financial Centre) will, whilst muslim clients may wish to look at financial planning provisions to ensure that assets are divided in accordance to their wishes. Through our network of registered law firms who specialize in wills we can provide further guidance and advice specific to your circumstances.<\/span>\n
3- Life Cover and Critical Illness Cover \u00a0- What would happen to your family if you died?<\/b><\/h4>\nIgnoring this area could turn your whole world upside down if the worst were to happen. We\u2019ve seen it happen first hand here and in our home countries, and thankfully we\u2019d ensured our clients had the correct solutions in place.<\/span>\n\nWhilst some companies may provide life insurance, not all do and in many cases the level of cover may not be enough. Most have a level of life cover in place, to pay a lump sum of money to your spouse or dependent(s) if you were to pass away, but 9 times out of 10 this is calculated on a multiple of your \u00a0<\/span>base salary<\/b>, not including allowances or other employment income that makes up your total salary.<\/span>\n\nThe vast majority of people won\u2019t die before they finish their working lives, but more and more people will suffer a critical illness that will knock them for six, and could result in lost income indefinitely. Cancer, heart attack, stroke, Alzheimer\u2019s disease, Parkinson\u2019s disease\u2026 the list is lengthy. Don\u2019t blur the lines between decent medical cover and a life or critical illness policy \u2013 they\u2019re not the same, despite many thinking they are. Many only realising when it\u2019s too late. \u00a0Too often, people in the UAE have a shortfall in this area, and don\u2019t even know where to start when it comes to calculating what sum will be required. It\u2019s essential to<\/span> speak to an expert<\/span><\/a>\u00a0 to ensure you have the right cover.<\/span>\n
4- Medical Cover - What would happen if you got sick and couldn\u2019t afford medical care?<\/b><\/h4>\nDo you know the finer points of what, where and how your corporate medical cover looks after you and your family if you were to get sick or injured?<\/span>\n\nThis is so important.<\/b> \u00a0<\/span>\n\nOur team at Beneple work with HR managers to educate them on the merits of taking out the most appropriate group medical cover, whether that be tiered by employee, include specific options like optical and medical or simply be a basic policy to ensure all employees are covered.<\/span>\n\nFor those with families, it is vital you are all covered in the event of an emergency. Kids have accidents no matter how hard we try and protect them, and with families travelling more often than the norm in the UAE, the risk of common colds and infections is much more significant. See how our team can help you<\/span> here<\/span><\/a>\n
5- \u00a0First-Aid - What would you do if your child started choking?<\/b><\/h4>\nWould you be confident in <\/span>your<\/b> ability to perform CPR on an infant or child in the event of an emergency? Would you be able to stop your child from choking if no other first-aider was around?<\/span>\n\nOur sister company Safe Hands<\/a> specialise in first-aid training & wellness, and have conducted over 1,500 first-aid courses and initiatives here in the UAE. Many attendees have had to use their skills learnt in what could otherwise have been a terrible situation.<\/span>\n\nMany companies, schools, nurseries and communities across the UAE are taking part and hosting workshops for their parents and staff to introduce these life-saving skills. <\/span>\n
6- Protecting your business - What would happen if you, a business partner or key person of the team were to suffer a critical illness or pass away?<\/b><\/h4>\nYou may already have a business continuity plan in place as part of your business plan. This ensures its future if things go wrong, however have you considered what happens if you lose a key member? You should always consider insuring against the loss of your most important business assets \u2013 your key employees.<\/span>\n
Don\u2019t have a shortfall when it comes to protection. Make sure you and your family are safe!<\/b><\/h2>\n \t\t\t\t","_et_gb_content_width":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[61,24,27,28,5,30],"tags":[32,13,8,33],"_links":{"self":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts\/821"}],"collection":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/comments?post=821"}],"version-history":[{"count":2,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts\/821\/revisions"}],"predecessor-version":[{"id":52844,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/posts\/821\/revisions\/52844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/media\/828"}],"wp:attachment":[{"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/media?parent=821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/categories?post=821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finsbury-associates.com\/wp-json\/wp\/v2\/tags?post=821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}