Waiver of the right of inheritance: who inherits succession property?
As an heir, you have the right to waive the inheritance. In this case, the inheritance waiver procedure will remove succession consequences in favour of the heirs. After succession opening, it is possible that one or more heirs refuse their respective share of the succession. This is normally due because heirs do not want […]
Italian Inheritance shares in the context of intestate succession
In the event the deceased do not leave any will, Intestate succession (“Successione legittima”) will take place. In particular, this inheritance scheme is governed by the law that indicates legitimate heirs and related inheritance shares. In the context of inheritance shares, such shares vary according to the bond between the deceased and heirs and coheirs. […]
The inheritance declaration: the new Italian model
The Italian Revenue Agency (Agenzia delle Entrate) has update both cadastral backlog and inheritance declaration forms. The Italian Parliament, by introducing new incentives for a certain type of properties, made the updates essential. In particular, new incentives for condemned buildings and the third sector. The first incentive involves all those condemned buildings because of natural […]
Inheritance and debts under Italian Law
Under Italian Law, debts of the deceased may expire and this exempts the heirs from their payment. In order to know how many debts are related to an inheritance, it is necessary to submit a formal request to the bank where the deceased used to have one or more bank accounts, in order to obtain his account statements. […]
Minors and Inheritance
Under Italian Law, when an heir is a minor, the inheritance shall be accepted by his legal representative (such as the parent) in the best interest of the minor himself. In this case, the law provides that the acceptance of the inheritance shall be made with the benefit of inventory. The acceptance of the inheritance […]