Will You Leave In the Way you Want? Or Will Law of Succession Decide for You?
Sam Orgill www.proactpartnership.com How Do You Want To Leave This World ? Laws of Succession and Estates can limit your chooses once your gone
When you make a Will you are setting out how your accumulated processions, assets and wealth are to be passed on and who to. You could create legacies for the good of family down the generations, or through charities that you support. You can also choose your funeral service.
These choice are available during your lifetime, but not always on death. as you wish.
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Cremation V Burial
Not everyone likes to discuss their funeral service and how their body is disposed of. However if you will die, these questions need to be dealt with. Often this is done with private agreement between family. In this article we wish to explore what that you choices and options are.
You Choose
How your body is disposed of is something you can direct. On death your executors may decide on cremation v burial. If you Make a Will you can leave specific detailed letters of wishes and instructions to your executors. If you don't make a Will you are at the whim of a court appointed executor to decide on your way out.
In the UK the executors can choose between cremation or burial. Under new cremation law in Cyprus the executors cannot choose cremation: unless the deceased leaves written instructions requesting cremation the a body in Cyprus must be buried.
If you want cremation in Cyprus you must put this is a signed letter that can be a clause added to your Will or as a separate Letter of Wishes.
Look Forward - Plan Ahead
Overseas Property in Cyprus has become a better investment with lower property taxes in Cyprus. ProACT can offer help and guidance to Protect your overseas Property using a Will or Family Trust for Expats. Make a Will to Protect your wishes on death to how your body and your assets pass to your successors. Asset Protection is about looking forward to make tax savings. ProACT expat experts offer tax saving for people living and working and investing abroad. Find out more at our website.
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Thank You
Sam Orgill,
ProACT Partnership Expatriate Advice
Tax Saving Expat Experts
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