European Union: Wills/ Intestacy/ Estate Planning

In today's globalised world, individuals and families often hold assets in multiple countries.

Cyprus attracts thousands of international residents and investors every year. Yet many individuals owning assets on the island are unaware of the specific legal framework governing wills and succession.

When a person dies leaving property or assets in Cyprus, the estate must be formally administered under the supervision of the Cypriot District Courts.

Family Office Comparative Guide for the jurisdiction of Cyprus, check out our comparative guides section to compare across multiple countries

Family Office Comparative Guide for the jurisdiction of Malta, check out our comparative guides section to compare across multiple countries

In Cyprus, co-ownership (undivided ownership) typically arises when two or more people purchase property together or inherit it in equal shares.

De acordo com as recentes alterações introduzidas pela Autoridade Tributária e Aduaneira (AT), todos os herdeiros de bens imóveis integrados numa herança indivisa passam a estar obrigados a declarar, para efeitos fiscais, a respetiva quota-parte na alienação do imóvel, independentemente de a totalidade do montante auferido ser direcionada para um único herdeiro.

Private Client Comparative Guide for the jurisdiction of France, check out our comparative guides section to compare across multiple countries

Private Client Comparative Guide for the jurisdiction of Portugal, check out our comparative guides section to compare across multiple countries