Save Probate Costs & Inheritance Tax with Cyprus Property Trust 9 Benefits of a Cyprus Property Family Trust

Save Probate Costs & Inheritance Tax with Cyprus Property Trust 9 Benefits of a Cyprus Property Family Trust

Do you ever wonder how your family would deal with your Overseas Property on Death? How your wife, husband, children would cope with the time, expense and development of settling your estate in your home country and overseas?

How would you tackle the UK probate and Inheritance tax assessment, a possible demand for 40% inheritance tax payable with 6 months of death?

A simple UK probate on average takes 9 months to settle. If you need probate overseas as well then that time is easily doubled. How would your family manage the overseas property? What is the expense of Probate lawyers overseas (10%) and offshore property agents (5%) and the time off work and travel to clear up your time living and working abroad?

We have created a free article on our website listing the 7 Benefits of a Cyprus Property Family Trust for expats owning overseas property in Cyprus and other countries.

We know from experience over 20 years that planning ahead to protect your Family overseas property assets from the cost and delay of Probate, Forced Sale and Inheritance Tax at a difficult time for your loved ones. 

ProACT can help you protect your family assets down the generations.

Remember, we offer a FREE no obligation Review.

7 Benefits of a Cyprus Property Family Trust

1.           The Trust Deed & Gift can be created

10 Things To Do for Expats to Protect Overseas Property Investment

10 Things To Do for Expats to Protect Overseas Property Investment

Sam Orgill www.proactpartnership.com  asks what do you want from the changes to Domicile from a Cyprus perspective. Change of Domicile Impacts Everything

In the Summer of 2015 Cyprus has introduced wide ranging changes in legislation that has a direct impact on the tax status of assets held by expats in Cyprus. 

Now every Expat must review their Wills, Inheritance Tax, Savings Taxes and Property Title Deeds: to bring their needs in line with the new legislation. 

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Why is £-GBP so Low Against the Euro ? 4 Expat Actions to Save on Currency Exchange

Why is £-GBP so Low Against the Euro ? 4 Expat Actions to Save on Currency Exchange

The EU Brexit Vote has hit British Expats Living and Working in the EU hard. The day after the Brexit vote on 24/6/2016 Sterling started a currency fall that at the start of September 2017  sees the Pound trading at £1.07 to 1.00 Euro – a might fall of nearly 25% in 15 months.

This means UK Expats transferring there Pound sterling to Euro now get 3 apples not 4. The meal out in a Spanish or Cyprus restaurant is a meal for three with someone left at home.

The UK pension payment that converted to Euro 2000 in June 2016 now converts to 1500.

That has a dramatic effect on your spending plans.  It’s one less trip back to the UK this year, the planned mini cruise postponed until another year.

Why is the £Pound so low against the Euro?

Read more to receive our free guide; 4 Expat Actions to Save on Currency Exchange

Precious Assets - Protect Them Will

Precious Assets - Protect Them Will

Sam Orgill of ProACT Expatriate Advice discusses one of life's certainties and the Benefits of Making a Will

Inheritance tax is the last tax return you need to make and can be expensive. With planning taxes of 40% or more can be saved for the family. How do you do that?

What is included? Inheritance tax is charged on all the assets you own or have a share of. This can include; property in Cyprus, UK or worldwide; business value; savings and investment; pensions values; vehicles; and anything else of value in your legal possession at your death.

Your world wide assets are included. That is what you own in Cyprus and elsewhere. Crucially you are assessed for inheritance tax in each country you have assets in, plus the country... Read more. 

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EU Brexit for Expats: Exchange Rates Can go Down as Well as Up

EU Brexit for Expats: Exchange Rates Can go Down as Well as Up

Sam Orgill of ProACT Partnership considers the Exchange Rate Adjustment and implications of EU Brexit for Expats Living and Working Abroad

EU Brexit for Expats means the UK needs to stimulate the economy and the a lower exchange rates is the main tool at the UK government's disposal. Exchange Rates Can Go Down as Well as Up

If your Euro Overseas Property is valued in Euro and your Investments & Pension in GBP 50:50: then you are no worse off when exchange rates go up and down.

Lower Sterling Exchange Rates Means Change for Expats and a New approach:

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