Italian inheritance

Italian succession and probate, how does it function?

The types of successions and wills

Following the number of requests that we have recently received regarding property inheritance in Italy, we have decided to write about all the steps to take when it comes to a succession process.

Let’s start by saying that In Italy, the national Civil Code speaks to the subject of succession law and rights of heirs, and that Inheritance is transmitted in 2 ways:

  • Legal succession, applies if the deceased died without a will. In this case, it is the Italian law that establishes who is to inherit the decedent’s estate. Successors in title (children or grandchildren) or relatives in ascending line (parents or grandparents) up to the sixth degree are included.
  • Testamentary Succession, which is a legal document left by the deceased in order to dispose of his assets after his/her death. Wills  can be of two types:
    1. Italian Will: needs to be “published” and registered at the Italian authorities
    2. Non-Italian Will: must be sworn translated before the Italian Court. In case of lacks it will be interpreted with the support of an Italian attorney.

What is the succession process like?

The procedure of the Italian succession can be difficult, especially for those who do not speak Italian or live in the country.  It typically takes a couple of months to complete the process.

Sometimes, successions can remain open years due to litigation between the heirs or other complexities.

However, heirs have twelve months’ time following the testator death to file the probate with the authority called Agenzia delle Entrate.

After the application, the heirs will be asked to pay for the Inheritance taxation.

The amount is calculated upon the relationship of the deceased to the heirs and the total value of the assets involved in the succession. It will be possible to register the assets in the name of the heirs when the probate is completed.

As mentioned above, it can be difficult to navigate through all the procedures if heirs live abroad.

We at Italy Property Service receive a number of requests to assist on successions and make sure clients obtain the necessary professional help to manage the process sympathetically and efficiently.

Need further clarification? Contact us at info@italypropertyservice.it . We will be happy to answer all your questions.

 

properties in italy

Properties under 100k euro in north and central Italy

Homes for less than 100k euro really do still exist in Italy

Have you ever dreamt of owning a holiday home in north or central Italy but thought it was out of your reach? Well think again!

Although it varies massively by location, there are still a lot of areas and towns where you can purchase a property for less than 100k euro.

Finding your home in Italy will give you the key to all the culture and delights of Italian history

Generally speaking, the property market in northern Italy tends to be the most expensive of the country. Central Italy is typically quite expensive.

In fact, the further south you go, the lower the house prices are.

But luckily, there are many exceptions to this rule.

If you’re in love with the north, you can try looking at properties on the beautiful Italian lake district.

There are a wide variety of small holiday homes with lake view available.

Lombardy

Just a short walking distance to the lake, bright apartment measuring 60 sq m in Predore, located on the ground floor of a building, free on 4 sides. The property is composed of living room, kitchen area, double bedroom, bathroom with shower and lake view terrace. Small garden for al fresco dining. Sold furnished. Price: 95,000 euro

Liguria

Liguria with its perfect temperature, amazing beaches and enchanting little villages is full of bargains.

In the historical center of Bordighera, typical one-bedroom apartment for sale. Recently renovated, composed of living room with double sofa bed, dining area, kitchenette, bathroom with window, storage. Very bright and with sea view. Price: 98,000 euro

Tuscany

Would you like to wake up in the morning with breath-taking views over the enchanting Tuscan landscape?

Discover the timeless beauty of Garfagnana and Lunigiana in northern Tuscany.

Near Pescaglia, restored stone-built village house with independent “granny flat” below. Measuring 60 sq m and built on 2 levels, the property features an open plan kitchen and lounge while upstairs there are 2 bedrooms and a shower room. The “granny flat” of 30 sq m comprises dining kitchen, shower room and bedroom. The property comes with a car parking space. Price: 60,000 euro