Navigating Estate Administration in Cyprus
At Vasiliou Law, we provide expert legal services for managing estates in Cyprus, assisting heirs of a deceased person who passed away with or without a will.
Inheritance Law
Types of Inheritance Law
Will
The will is a way for a person to allocate their property as wish but always in compliance of the restriction and the regulations of the Inheritance Law.
Execution of Will.
By drafting a will, the Testator has the right to choose the executor of the will. That means the person that the Testator will choose to be responsible for the execution of the will..
Will.
The will is a way for a person to allocate their property as wish but always in compliance of the restriction and the regulations of the Inheritance Law. A will in order to be legal and valid must fulfil typical requirements as described below:
- The will must be in writing
- Must be sign by the Testator
- The Testator must be sing in presence of two witnesses
- The will must bear in every page the initial of the Testator and the two witnesses
Important notice: The witnesses cannot be beneficiaries under the will.
If the testator has a spouse and children or a spouse and descendants of a child, then the available portion that he is entitled to dispose of by will must not exceed 1/4 of the net value of the estate. If the testator has a spouse or parent but no children, then the available portion that he is entitled to dispose of by will shall not exceed 1/2 of the net value of the estate. If the testator has neither a spouse nor children nor descendants of children or living parents, then he is entitled to dispose of his entire estate as he wishes.
Execution of Will.
By drafting a will, the Testator has the right to choose the executor of the will. That means the person that the Testator will choose to be responsible for the execution of the will must distribute the property to the heirs and/or beneficiaries according the will.
However, the Executor before proceed with the distribution must confirm that the will is valid and must file an application before the court to request an order that will allow him to manage the deceased’s assets.
The Executor can be your lawyer and in many cases is preferable to be, because he have the legal knowledge and the experience to execute efficiency and legally the will. However, an Executor can be any person and or a family member.
Estate Administration Process
1. Recording Assets and Debts
Begin by documenting all assets, liabilities, and obtaining necessary legal certificates.
2. Obtain Required Documentation
Ensure the death certificate or certificate of incapacity is secured for court filing.
3. Choosing the Administrator
Heirs or legal representatives must appoint an administrator to manage the estate.
4. Filing Application
A lawyer will file the administration application with the Court.
5. Inventory of Estate
The administrator must prepare a comprehensive inventory of assets and liabilities.
6. Final Distribution
Once debts are settled, the estate is distributed among the rightful heirs.
* In cases of incapacity, an appointed guardian or administrator can take charge of managing the estate, ensuring the person’s financial and legal interests are protected.
* In cases of incapacity, an appointed guardian or administrator can take charge of managing the estate, ensuring the person’s financial and legal interests are protected.
Expertise in Estate Administration
Cypriot law clearly outlines the procedures for estate administration. Whether a person dies intestate (without a will) or becomes incapacitated, we guide families through every step of the process, ensuring legal compliance.
Compassionate Legal Support
We understand the emotional challenges of estate administration, particularly when dealing with the death or incapacity of a loved one.
Our legal team provides compassionate support and expert advice, ensuring that all necessary procedures are completed smoothly.
Our legal team provides compassionate support and expert advice, ensuring that all necessary procedures are completed smoothly.
Our Team
Recommendations From Our Clients
A recommended law firm, Andreas was available for any question, and showed great professionalism.
I would like to thank Rafael Minis for the most professional defence representation on a recent case. I admire Rafael's composure, work ethic and most of all the excellent representation.I wouldn't hesitate to use Rafael's firm in the future.Rafael and the team were extremely supportive and helpful through the whole process. Dagmar Fisk
Pleasure working with the team on a property deal. Good due diligence and communication via email and phone. Happy to work with them again.
I am writing to express my deepest appreciation for the exceptional immigration services provided by your team. Your expertise, professionalism, and unwavering support have been instrumental in making the immigration process of my several colleagues and myself a success, and I am immensely grateful for your assistance.From the initial consultation to the final submission of any type of document, your team has been outstanding in every step of the process. Your staff is very knowledgeable and always able to guide us through the complex requirements and procedures, providing comprehensive answers to the inquiries and ensuring that I had a clear understanding of the process.Thanks to your exceptional services, our team is now successfully settled in Cyprus, and I attribute this success to your expertise and dedication. I would highly recommend your services to anyone seeking immigration support, and I am grateful for the opportunity to work with your team.Once again, thank you for your services.
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Get in Touch
Office Contact Details
Contact us at +357 24 727313 or email [email protected] to speak with one of our specialized lawyers.
- Pavlou Valdaseridi 2A, Floor 1, Larnaca 6018, Cyprus
- [email protected]
- +357 24 727313
Contact us now
For specific cases regarding estate administration for deceased or incompetent persons, we encourage you to reach out.
Inheritance Law
Will.
The will is a way for a person to allocate their property as wish but always in compliance of the restriction and the regulations of the Inheritance Law. A will in order to be legal and valid must fulfil typical requirements as described below:
- The will must be in writing
- Must be sign by the Testator
- The Testator must be sing in presence of two witnesses
- The will must bear in every page the initial of the Testator and the two witnesses
Important notice: The witnesses cannot be beneficiaries under the will.
If the testator has a spouse and children or a spouse and descendants of a child, then the available portion that he is entitled to dispose of by will must not exceed 1/4 of the net value of the estate. If the testator has a spouse or parent but no children, then the available portion that he is entitled to dispose of by will shall not exceed 1/2 of the net value of the estate. If the testator has neither a spouse nor children nor descendants of children or living parents, then he is entitled to dispose of his entire estate as he wishes.
Execution of Will.
By drafting a will, the Testator has the right to choose the executor of the will. That means the person that the Testator will choose to be responsible for the execution of the will must distribute the property to the heirs and/or beneficiaries according the will. However, the Executor before proceed with the distribution must confirm that the will is valid and must file an application before the court to request an order that will allow him to manage the deceased’s assets.
The Executor can be your lawyer and in many cases is preferable to be, because he have the legal knowledge and the experience to execute efficiency and legally the will. However, an Executor can be any person and or a family member.
Contact Details
Pavlou Valdaseridi 2A, Floor 1, Larnaca 6018, Cyprus
Location
[email protected]
+357 24 727313
Phone Number
Contact us now
For specific cases regarding estate administration for deceased or incompetent persons, we encourage you to reach out. Contact us at +357 24 727313 or email [email protected] to speak with one of our specialized lawyers.