Wills and Probate Legal Services
A Grant of Probate is the authority given by the Courts which entitles the person named in a Will as the executor to collect the assets of a deceased person and to distribute those assets to people who are named as beneficiaries in the Will. The role of executors is important and carries with it personal responsibility. It is for this reason that many of those appointed to carry out the requisite tasks who are not professional advisors appoint a lawyer to act on their behalf in dealing with the estate/property.
In this area of the law we work with private clients who wish to plan ahead for the future in order to provide for themselves and their families or for any other cause. We thoroughly review every unique situation and the circumstances of each individual client so that we are able to provide comprehensive advice on the various options available for asset protection, estate planning whilst implementing our clients’ wishes under Cyprus Inheritance Law.
In order to obtain a Grant of Probate the person named as executor must establish the value of all assets and the amount of all liabilities. If the person named is not a Cypriot resident then the Court may impose its own Executor to deal with the administration. The appointment of our firm will ensure that this does not happen and we can be appointed jointly with a family member, so long as that person is named in the Will as an Executor.
Moving forward, a Certificate of Heirs should also be obtained from the Mayor commonly known as Mukhtar of the town or village in which the person died. Thereafter the application for probate is lodged with the original Will as an exhibit. Documentation is also lodged with the Taxes Office which, upon being satisfied by its content, approves the issue of the Grant of Probate. Upon issue of the said document the role of the executors is to gather in the assets of the estate and pay out to the beneficiaries all liabilities prior to distribution of the net estate in accordance with the provisions in the Will.
In the event that someone dies without having a Will in place, then it is said that they have died Intestate and the Law will determine who will to take a share in the estate. This could be relations from a previous marriage of your spouse, a situation which will add even more stress to an already stressful situation.
Parparinos Milonas Corporate & Legal Consultants can provide legal advice on drafting a will according to the client’s wishes and having in mind the provisions of the law enforced.
We advise both in estate planning, probate and administration matters, elder law and in contentious matters such as estate litigation. Our firm’s lawyers specialize in wills, trusts and estate litigation and all matters incidental to this complex area of the law. We provide our clients with high quality, trusted legal counsel in wills / trust contest, contested powers of attorney, real estate partition actions, fraudulent transfers and protection of beneficiary rights. From the drafting of the will to the administration of the estate of the deceased as well as in intestacy procedures and advice on contested wills, our Legal team is ready to deal with any inquiries in the field.