Taxation in the Division of an Italian Estate: Jointly-Held Assets

Unlike probate processes in some countries, Italian inheritance doesn’t automatically transfer ownership of assets directly to individual heirs upon the decedent’s passing.  Instead, the process typically involves a declaration of acceptance of the inheritance by the heirs. However, once the legal formalities are concluded, the heirs become co-owners of each and every property within the […]

Joint Inheritance: A Recent Ruling by the Italian Supreme Court

Recently, the Italian Supreme Court (Corte di Cassazione) ruled on a complex case of joint inheritance, providing important clarification on the legitimacy of legal action by individual heirs. The case began with the death of one of two business partners. The surviving partner, without involving the deceased partner’s heirs, registered all the company assets in […]

Paternity test ruled admissible, despite alleged father being deceased

The case in question involves a relationship between a wealthy man and his secretary and director of domestic staff, which resulted in a daughter being born but never recognized as the man’s child. In 1953 the man died and shortly thereafter his only heir passed away aswell. The gap between deaths was in fact so […]

How suppressing a will can lead to being excluded from succession

The court outlines two conditions for this sanction to be applied: b) the voluntary destruction of a will. In cases where an heir is accused of destroying a will, destruction of the document (even if the holder is not aware of its content) is sufficient grounds for exclusion from succession.  The doctrine does not apply […]

What happens if a Declaration of Succession misses its deadline?

By law, succession must be declared within 12 months of its opening (generally considered the date of the testator’s death), with penalties levied for both delays and omission. Despite the threat of sanctions, delays do occur owing to lack of interest, discord between heirs, and a desire not to pay the related taxes. In cases […]

Heirs and deceased’s bank accounts in Italy

During the course of succession, heirs assume not only the assets of the deceased, but also liabilities. These liabilities may include relationships with banking or credit institutions, making the heir responsible for all rights and duties due these institutions.  In addition, access to personal information must be free and guaranteed in an intelligible form. All […]