The Insurance Institute of Cyprus (IIC) recently conducted a one-day seminar titled "Succession and Insurance," featuring a presentation by our partner, Nicolas Kyriakides. This seminar provided a comprehensive introduction to inheritance law, specifically addressing its relevance to the insurance sector.

The seminar covered several key topics, including an overview of the legal status of inheritance and the determination of inheritance rights. Participants gained insights into the complexities of wills, including aspects such as the capacity to create a will, its validity, and the processes for revocation.

Further, the seminar delved into both legal and intestate succession, clarifying the rights of legal heirs. It also addressed the commencement of life, focusing on the declaration of death and issues related to obsolescence.

Additionally, the seminar explored inheritance taxation and the administration of estates, providing attendees with practical knowledge on managing and distributing inheritances.

Nicolas Kyriakides' expertise offered valuable perspectives on the intricate relationship between inheritance law and insurance, enriching participants' understanding of this critical area.