Wills & Estate Planning
Many people in Cyprus don’t know what happens upon death when a Will is not made. Our Wills and Probate lawyers will help you with all aspects of making a Will and help you with all Estate Administration issues.
Making a will is vital if you want to be certain that your wishes will be met after you die. Many people put it off. They worry it will be complicated and expensive. But the process is fairly straightforward and if you plan ahead, presents excellent value.
It is important to review and update your will regularly to make sure it always reflects what you want to happen to your estate (your property, savings and possessions).
If you don’t make a will, in legal terms you will die ‘intestate’ and your estate is divided up according to the Intestate Rules.
Your estate includes everything you own, any cash, property, possessions and investments. Collectively these are your assets and your assets make up your estate.
Cyprus law is applicable to govern the administration of a deceased person when the deceased person was domiciled in Cyprus at the time of his or her death. This usually means that the deceased person must have been living permanently in Cyprus at the time of his or her death.