Monday 10^th September 2007

Where There's A Will...

From time to time, most people who have moved from one country to another will be startled by some rule or regulation that is normal in their new home but inconceivable in their old one. Sometimes however, it really pays to investigate the local ways of doing things before they affect you, and there are few areas where this is as important as inheritance law.

What's mine is yours

Each country has its own inheritance laws. As soon as a person is resident in a country or owns immovable property (such as a house) it's wise for them to have a will that takes local law into account. 

For example, Cyprus imposes a system of forced heirship, where a portion of a person's estate is distributed in specific, state-mandated ways after their death.  

To find out more about inheritance laws in Cyprus, and how to go about drawing up a Cypriot will, see the INFOrmation Page on Wills & Inheritance in Cyprus.

Professional advice - especially from an expert that speaks your language - is always advisable. See the Financial & Legal category of The AngloFILE for contact information of  local English-speaking lawyers, notaries and registered financial consultants.

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