cyprus wills & probate

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7 Reasons why non-Cypriot Citizens should have a Will in Cyprus

Navigating the complexities of estate planning in a foreign country can be daunting.

Many non-Cypriot citizens, having invested in local properties, businesses, and as-sets, might not be fully aware of the intricacies of Cyprus’ legal framework surrounding wills. However, having a will in Cyprus is pivotal for these individuals to ensure their loved ones and assets are shielded.

In this article, we will explore the reasons why having a will in Cyprus is essential for non-Cypriot citizens.

Four key steps to successful estate planning in Cyprus

Estate planning is the act of making preparations so that your wealth and assets can be passed to the people you choose in the unfortunate event of your demise. Assets such as life insurance, pensions, real estate, cars, personal belongings and debts are all components of what is known as estate planning.

Often, neglecting to settle your affairs and assets can result in a daunting situation such as family frictions or unintended beneficiaries and thus, it is highly advisable that you prepare for your estate planning on time.

If you are considering preparing for your estate planning, here are four key steps that can ensure a smooth and effective process.