Legal focus & latest news

  • Inheritance Division in Italian Law

    Italian law allows for two main scenarios regarding the division of an inheritance (Articles 713-736 of the Italian Civil Code): Division Process The division process can be either: Court-ordered Division The judge will propose a division plan (Art. 785 Italian Code of Civil Procedure). If everyone agrees, the division is executed. If there is any…

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  • Power of Attorney court
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    The Evolving Landscape of Wills in Italy: Key Roles and Recent Legal Developments

    In Italy, where only about 10% of inheritances are executed through a will, understanding the nuances of testamentary practices is crucial. Each type of will has specific protocols, and recent legal developments have emphasized the roles of attorneys and notaries. The Personal Holographic (Handwritten) Will: Entrusting an Attorney The holographic will, entirely handwritten by the…

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  • Testamentary trust

    Testamentary trust: an irrevocable tool to protect your properties and assets in Italy

    A testamentary trust is a legal tool created in a person’s Last Will and Testament to specify how one’s assets will be distributed to specific beneficiaries. Contrary to a living trust, it comes into effect after one’s death. A testamentary trust involves three main parties: Benefits of a testamentary trust A testamentary trust is an…

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  • Testamentary trust inheritance taxes
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    Testamentary trust: assets in Italy transfer to the trustee without paying inheritance taxes

    A Testamentary Trust is created in accordance with the instructions in a person’s Last Will and Testament. Differently from a living trust, the testamentary trust starts having effect after the settlor’s death, and so is the trustee appointed. A testamentary trust can be a good way to leave assets to a specific loved one (usually…

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