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.<\/p>\n
Introduction<\/strong><\/p>\n Many affluent and High Net Worth Individuals (HNWIs) have spent a lifetime building up their companies, their investments, and their wealth. For many, this journey was a long and difficult one. Financial success usually comes with commitment, hard work, perseverance, and personal sacrifices.<\/p>\n 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.<\/p>\n Every HNWI will, at some point be asking: \u201cHow 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?<\/p>\n 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.<\/p>\n *<\/em>This\u00a0will\u00a0be\u00a0a\u00a0physical\u00a0event,\u00a0held\u00a0in\u00a0compliance\u00a0with all\u00a0the public\u00a0health regulations\u00a0in force at the time,\u00a0based on developments regarding COVID-19.\u00a0The Ministry of Health has decreed that the event may take place\u00a0in the presence of people holding a SafePass in the form of either: 1) Proof that you are fully vaccinated with both doses of an approved double-dose\u00a0vaccine or with the Janssen single-dose vaccine;\u00a0 2) Proof that you have contracted COVID-19 in the last 6 months (the release or recovery text message sent to your mobile phone by the Ministry of Health); 3) A negative PCR or rapid test certificate, dated no more than 72 hours before the event. Please have one of these three forms of SafePass with you and present it on 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