Things you must know about Italian succession law

For those who come to Italy and settle here or those who live outside in a foreign country for work but their native place is Italy must know the Italian succession law. Italian Law of succession, although it might seem that it is applicable only for Italian people that is not true. That businessman who came to Italy from another country and settled here also comes under this law. The succession to property is not given based on nationality even though people might have a choice of nationality. This is done to safeguard the property of the citizens from being sold by foreigners who come to Italy for business purposes. According to the Italian law of succession, there are three types of wills of the property. It can be

• Public wills:-The wills are the legal declaration that is done for disposing his/her property or estate after death before the notary.
• Holographic bills:-These wills are handwritten wills by the tester that are signed and dated. These wills are easier to make, but they will only be shown before the court only after the death of the owner.
  
• Secret wills: -A secret will is a sealed written document that is authorized by the tester signature. This will is handed over to the notary in front of two witnesses.

What does Italian succession law states?

It states that in case the resident dies without a will, the estate and property shall be distributed according to the Italian civil code. The property shall be distributed between the spouse, her children, siblings (in the absence of any successors), and relatives. If the deceased person has not left any will before dying the estate will be distributed to the Italian government.

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