The Hajivangeli & Partners team offers you legal advice on probate in Cyprus. In this article, we will advice on testament in Cyprus, what it is, the law surrounding it and how to apply.
The law recommends that you indicate in testament Cyprus property.
Also, the requirements for the formal form of the will must be met. If the formal requirements for the form of the Testament have been violated, such a Testament may be invalidated.
Cyprus law provides for some restrictions on testament freedom for the testator. This restriction applies primarily to members of the decedent’s family. Inherited property in accordance with Cyprus law can be divided into two parts:
- share to be transferred by will;
- mandatory or legal share.
The share of the estate to be transferred is completely disposed of by the decedent. He has the right to bequeath this estate to anyone.
The legal share is transferred exclusively to the legitimate heirs (surviving spouses, children or close relatives of the deceased). The transfer of the legal share of the inheritance occurs exclusively in accordance with the law of Cyprus.
Often there are violations of the law on the required share. So, the decedent’s will bequeath all their estate to persons who do not have the right to a legal share. At the same time, legal heirs remain without their part of the inheritance. In such cases, justice is restored in court.
The decedent has the right to appoint a will executor. He entrusts this person with the fulfillment of his last will.
Until July 2015, persons who had domiciles in the UK could bequeath without any restrictions. They were not subject to the law of fair share. However, in July 2015, this provision was repealed and the rules of Cyprus law began to apply to them.
We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.