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Property in Trust
What is a Trust? A trust is a legal arrangement in which one party, known as the “Settlor” transfers ownership of assets to another party, known as the "trustee," for the benefit of a third party, known as the "beneficiary." Settlors can be beneficiaries, too. There...
Common mistakes in Writing a Will
Let’s start with a question; why do we need a Will? A will, also known as a last will and testament, is a legal document that outlines a person's wishes and instructions regarding the distribution of their property, assets, and possessions after their death. It serves...
Probate in Cyprus
Whether you have a Will or not, if you have assets in Cyprus your estate must go through probate, on death.In Cyprus, the process of probate involves several steps, including: Filing a Petition: The process begins with filing a petition for probate in the District...
Forced Heirship
What is it and what are the rules? “Forced heirship” means that, under the rules of probate in Cyprus, certain relatives, such a spouse or children CANNOT be excluded from an inheritance REGARDLESS of the will. Forced heirship, also known as compulsory succession or...
Legacy Tips & Tricks