The Wealth and Estate Planning Conference will provide practical and useful advice to affluent and HNWIs on the key elements of estate and wealth planning and how to pass it on to the next generation. Another objective is to convince the target audience to seek professional advice on estate planning.
In Cyprus, family wealth is closely associated with the family business. Affluent and wealthy individuals and families increasingly own a diverse range of assets (company equity, cash, real estate, stocks, and bonds) often located in multiple countries.
Every High Net Worth Individual (HNWI) will, at some point be asking: “How do I transfer what I own to the next generation? How can I ensure a fair allocation of my estate, according to my wishes, in accordance with the law, and in a way to ensure that this wealth is properly managed?
Affluent and High Net Worth Cypriot families are now at a critical crossroads. Most wealth in Cyprus was created during the four decades from 1970-2010, usually by a single entrepreneur. Most of these entrepreneurs are now at an age where the question of how to dispose of their wealth is very high on their agenda.
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