Make a will – Reasons why everyone should

Reasons why everyone should make a will

One problem we often encounter in our office through the Probate department. Further, which specialises in the Administration of the deceased person’s estate. Also, is the fact that most people in Cyprus do not prepare and make a will. Although an estate of a decease person can be distribute regardless of the existence of a will. Also, the Administration will be much  simplified by its existence. For example, if a decease person is intestate (without a will). Further, the assets will be distribute in accordance to the rules of intestacy and succession of the Republic of Cyprus.

Benefits of Make a will

There are many benefits of having a will and it is a procedure that does not take long to complete.  A person would firstly have peace of mind living behind his estate sorted out. Moreover, proper rearrangements can make between the beneficiaries. Also, the necessary procedures will follow in case the decease person was willing to make amendments to the will. This avoids and conflicts within the family.

Furthermore, the estate will calculate, identify and classify without having to go through the time-consuming procedures. Further, this to identify immovable and movable assets of the decease. It should be noted that pre-rearrangements could save from the overloads of the tax disadvantages. Any care expenses and generally any amounts due could be avoid.

 Valid will in Cyprus

For a valid will in Cyprus the law requires the following provisions:

1. Will must be made in writing;
2. The testator must sign the will at the bottom of the last page and put his/her initials on each and every page of the will;
3. The testator must sign in the presence of at least two witnesses who will also sign the will in the presence of each other and the testator;

For more information do not hesitate to contact your Cyprus Lawyers G.Kouzalis LLC at lawfirm@cytanet.com.cy or call at 23811788.