2017 Legislation: Holding Account

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Keeping Your Money Safe in a Holding Account until the Completion of Your Italian Property Purchase

On 29th August, 2017, the holding account was introduced. The new legislation governing payments for the purchase of Italian residential and commercial Holding accountreal estate property came in to effect as part of the Law of Competition. The legislation is retroactive, which means that it also applies to ongoing property purchases started prior to 29th August 2017.

New rules aim to give better protection to both buyers and sellers. Funds for the completion of purchase of Italian property real estate will now be held in a holding account by the chosen notary to the transaction. Deposits connected with a reservation offer and preliminary contracts are not subject to this new legislation. Read more

Buying an Italian property: how to avoid pitfalls

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Italian propertyBuying an Italian property should be an exciting process, but it can also be complex.

The best way to protect your investment when buying an Italian property is to engage an English-speaking Italian lawyer. Instructing an independent, English-speaking Italian lawyer could save you money and stress in the long run.

Choosing the right Italian lawyer is a very important decision. Make sure you instruct an independent English-speaking lawyer, who has experience advising international clients in relation to property purchases in Italy.

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De Tullio Law Firm at the YourOverseasHome event

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Reserved Acceptance – Italian Inheritance

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Reserved Acceptance – Italian Inheritance

Brief Case Study

For a better comprehension of reserved acceptance, we have provided a brief case study concerning this topic.

reserved acceptance

Silvia and Eric Jones owned a beautiful property in Liguria. They were resident in Italy, loved life here and were well-integrated in to their local community. Sadly, recently, in close succession, Silvia and Eric died.

The Jones’ sons, Larry and Tom, have been in touch with De Tullio Law Firm about their parents’ Italian Wills. They have some concerns regarding what happens when heirs are unsure exactly what they are inheriting. Larry and Tom are very concerned that their parents’ estate may be encumbered with debt. Read more

Italian will and estate lawyers can help you with the Italian inheritance process

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Italian will and estate lawyers can help you with the Italian inheritance process

The Italian inheritance process can be a complex process

Italian will and estate lawyers

If you have been named as a beneficiary of assets in Italy, and you have decided to accept your Italian inheritance, it is a good idea to use a specialist Italian Inheritance lawyer to help support you. The Italian inheritance process can be a complex process, so obtaining the right legal advice and having the right lawyer on your side will be massively beneficial in helping you get through it. Especially if you are not resident in Italy. This article looks at some of the reasons why you should engage legal services. Read more

Property Inheritance Laws in Italy – An Overview

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Property inheritance laws in Italy

Italian Succession Law – An Overview

IntroductionProperty Inheritance Laws in Italy

Italian succession law follows the Roman Law principle which gives some protection to close members of the family, partially limiting the right of the testator to dispose of assets.

Testamentary Succession consists in the assignment of hereditary assets in compliance with the wishes of the testator as set out in an Italian Will. In the absence of a Will, instead, inheritance is devolved following the principles of Legal Succession. Read more

Italian Inheritance Law Regulation

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Italian Inheritance principleItalian inheritance

The law no. 218 of the 31st of May 1995 regulates the field of Italian inheritance law in the framework of international private law.

The succession rules are determined on the basis of the national law of where the decedent was deemed habitually resident at the time of death.

Italian Inheritance legislation adopts the principle of “unity of inheritance”. This principle differs substantially from the one adopted in common law countries. It is based on a division between non-property assets and property assets: Read more

What is the role of Italian Probate Solicitors?

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Italian Probate SolicitorsThe role of Italian Probate Solicitors

Italian probate solicitors assist with the execution of a Will and the legal procedures of Italian inheritance issues. Engaging the services of a competent and knowledgeable lawyer simplifies the administration of an estate.

Having an independent lawyer will assist with collecting all the documentation relating to property, assets and or land. It speeds up the identification and location of the beneficiaries entitled to the estate of the deceased. Read more

The Law of Economic Relationship between Foreign Married Couples Resident in Italy

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Foreign Married Couples Resident in ItalyThis article deals with the issue of the choice of law ruling the economic relationship between foreign married couples resident in Italy.

Matrimonial regime in Italy, “Regime patrimoniale coniugale” in Italian, is governed by Italian Civil Code. Italian law no. 218 of the 1995 amendment reforming international private law, determines applicable law.

Concerning the economic relationship between married couples, if they have the same nationality, the national law of the two partners will be enforced. Read more

EU Succession Regulation: European Certificate of Succession

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Brussels IV

Since August 2015, a major step to facilitate cross-border successions has been the adoption of new EU rules which make it easier for people to handle European Certificate of Successionthe legal aspects of an international succession. This major step is known as Brussels IV, Regulation (EU) No 650/2012. Amongst other things, Brussels IV introduced a European Certificate of Succession (ECS). This document is issued by the relevant authority dealing with the succession and heirs, legatees, executors of Wills and administrators of the estate can use it to prove their status and exercise their rights or powers in other EU Member States. Read more