Passing wealth to future generations is a top priority for many families and business owners; however, the process often presents financial, emotional, and legal challenges. Planning early and deliberately is crucial, conversations about wealth transfer now start earlier than in previous generations.

This seminar aims to familiarise practitioners with valuable insights and strategies to help clients navigate the complexities of succession planning and ensure a successful transfer of wealth for future generations both from a personal and business aspect.

The overall objective is to provide professionals within the services industry with the necessary knowledge and tools to advise clients on key strategies for protecting and preserving wealth, emphasising that thoughtful and well-thought-out structures are the cornerstone of a prosperous legacy.

You will learn about:

• Different succession planning structures (wills, trusts, business continuity)
• Considerations for personal and business succession planning
• Succession planning best practices
• Cypriot and EU legal framework (EU Succession Regulation, Administration of Estates, Wills and Succession, trust laws)

Who should attend 

This seminar has been designed for all professionals (Directors, Auditors, external Accountants, Tax advisors, Legal professionals, Trust service providers, etc) who wish to gain a thorough understanding on the challenges of succession planning.

What’s Included

• Course material
• Certificate of Attendance

Born and raised in Johannesburg, South Africa. She obtained her LLB and LLM (EU law) from the University of Leicester. Nicky is a certified Trusts & Estates Practitioner (TEP - STEP Chairwoman of the STEP Cyprus Branch, a certified AML Compliance Officer from the Cyprus Securities & Exchange Commission, licensed Insolvency Practitioner, and Vice President of the Trusts Committee of the Cyprus Bar Association appointed in 2023.

In 2019, Nicky established the law firm N. Xenofontos LLC, of which she is the Managing Partner. The firm is a boutique, business centric law firm, specialising in corporate, commercial law, intellectual property, insolvency and restricting, trusts and estates, compliance, regulatory, privacy law and fiduciary appointments.

Major areas of expertise and practice include the setting up and administration of trusts, general legal advice and opinions, estate and inheritance planning, intellectual property corporate insolvency / restructuring, general corporate and commercial law. Another major area of practice and expertise is compliance, anti-money laundering and regulatory matters having advised major corporations and governmental authorities as well as private clients and firms on their AML, compliance and regulatory matters.

Apart from the above, Nicky is a legal trainer-lecturer on her areas of expertise and regularly holds seminars through the firm's legal training centre - NextStep Legal Training Centre accredited by the Cyprus Bar Association for Continuous Professional Development and also provides in-house training to law firms, accounting and audit firms.

In November 2022, Nicky was appointed by the Ministry of Finance of the Republic of Cyprus to serve as a non-executive member of the Board of Directors of the semi-governmental owned House Financing Corporation.

Participants will receive a Certificate of Attendance for 2,5 CPD units subject to full atttendance of the webinar.