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Trusts, Wills and Succession – LC LAW

Trusts, Wills and Succession

Our firm offers comprehensive succession planning legal services addressing all matters at hand when structuring succession planning solutions for our clients taking into consideration all important tax considerations, ownership, future targets and challenges and continuity.  Notably Cyprus International trusts provide significant possibilities for international tax planning and estate planning. Such trusts are exempt from income tax, capital gains tax, estate duty and may hold shares in a Cyprus company without any liability to tax on dividends received.

We also have extensive experience in probate proceedings before the Cyprus Courts that regularly involve applications for the proving of wills, the issue of grants of letters of administration, the re-sealing of British Commonwealth grants in Cyprus and, in this connection, we appear before banking institutions and the relevant local authorities such as the Tax Department and the Land Registry, so as to effect and ensure the distribution of the assets and the submission of final accounts.