Cypriot inheritance laws are probably very different to those that you are used to in your home country.
We can advise you on the various different options regarding your Cypriot Will. It is possible to have two wills – one in Cyprus covering your Cypriot assets and one in the UK covering your other assets.
Both Wills need to be drafted carefully to make sure that they do not revoke each other.
Confused? Take a look at our guide to foreign Wills.
Can you use a UK Will for Cypriot property?
You can leave your assets in Cyprus to somebody with a UK will but this doesn’t make sense – the cost of the subsequent inheritance will be more and it is possible that you will inadvertently cause inheritance tax problems.
What happens if you don’t make a Will?
The cost and extra complications of leaving no Will at all is a potential headache and should be avoided.
Whilst as a foreigner you do not have to follow the same rules that Cypriot people do in terms of who you have to leave your property to, it often makes sense to do so as this can save your beneficiaries huge amounts in tax.
What do you need to do to make a Cypriot Will?
A Cypriot Will can be prepared and signed in your local area or in our offices – there is no need to go to Cyprus.
Need help with a Will for property in Cyprus?
Our UK-based team of property lawyers are highly experienced in helping clients who own property in Cyprus to make appropriate Wills for their Cypriot assets.
With a thorough understanding of both UK and Cypriot law, we can provide clear, reliable legal guidance in plain English, giving you the confidence to deal effectively with inheritance issues for property in Cyprus.
Call: 01438 840 258 Email: admin@judicaregroup.com