Laws Regarding Italian Succession AndInheritance:

The laws regarding inheritance fall under the Italian Civil Code or CodiceCivile. Under the Italian Succession Law or the Italian Inheritance Law, a deceased person’s estates (rights, obligations, assets) are transferred to his/her heirs. The CodiceCivilerecognises two types of succession:

•     The first type is known as SuccessioneTestamentariaor Testate Succession when succession is ruled by a will or testament of the deceased person.

•  The second type is known as SuccessioneLegittimaor Intestate Succession where succession is ruled by law in the absence of a will or testament.

If the circumstances dictate that there is a will but the will doesn’t cover the entirety of the estates, the succession is ruled partly based on the will and partly based on the Italian Succession law. The law also permits the next-of-kin to receive certain percentages under certain circumstances.

An heir needs to accept the inheritance. There can be two types of acceptance of inheritance according to the Italian Law or CodiceCivile:

• Express acceptance of inheritance, or the acceptance of inheritance which has been a submitted as a formal statement to a notary or a court’s registrar.

•      Tacit acceptance of inheritance, which occurs when the heir acts as the owner and the selling or donating the property without having made any formal statement.

The rights to accept the inheritance, tacitly or expressly expires after 10 years of the death of the person. In case the statement of acceptance has terms and conditions or if there is partial acceptance of inheritance, under Italian Succession Law, the inheritance is declared null. An acceptance of inheritance means that the heir/heirs have to pay taxes on the inheritance according to the law. Relinquishment of inheritance rights, however, is also permitted by the law.

Basic Information About Italian Fiscal Code

Laws and regulations of every country are different. Same is with Italy too. While residing in Italy, residents need to have the Italian fiscal code card which is officially known as Italy's CodiceFiscale. Do you know what is it all about?

It is a tax code card in Italy very similar to an SSN card in the United States or the NIN issued in the United Kingdom. This code card contains an alphanumeric code of 16 characters which serves to identify unambiguously residing individuals in Italy. This card doesn’t have to do anything with residency status of individuals. It is generated and provided by the Italian tax office and used for several other purposes like uniquely identifying individuals in the health system.

The Italian tax office, issues this unique number. Earlier this card was more simplified carrying the magnetic strip, tax code, surname, name, sex, place, and province of birth. Now, it is combined with Italian health insurance card for qualifying residents which shows an expiration date. 

First Introduction

This card was first introduced in 1973 to make the Tax Codes more efficient. To generate a Code Fiscale in Italy, the birthplace as existing at the time of birth is must to be entered. Then, the card is generated. There are various private services helping residents get the card if they are unable to visit the government office or access the online services.

Some Specific Features of Code Fiscal in Italy

1.        Every CF generated, has a unique Link which can be sent by Mail 

2.        It is considered in all Italian Municipalities 

3.        It is also considered in the foreign states that have undergone through changes, in name or territory

4.        In case it is lost, residents in Italy may ask for the release of a new CodiceFiscale at the AgenziaDelleEntrate.

Hope, that with the help of this article, you get to know more about the Italian fiscal code card and its benefits.

Selling Property in Italy is now an Easy Affair, Thanks to the Attorneys

When you are moving to a new house, the excitement is obvious. But, accompanied by the excitement is a headache that you need to sell your current house, which indeed is a tiresome process. But, if you seek proper consultation from the renowned property attorneys, your task will be completed in a jiffy. 

Special service for property sale

If you are keen on selling a house in Italy, you have come to the right place. The efficient staff members are well qualified and have been providing legal assistance to international clients for years. 

Experts have the solution to every problem

No matter whatever the legal issue is, you can seek the expertise of the professionals regarding the following matters:

·         Real estate due diligence:  A checklist needs to be maintained before selling a property which should include all the details of the current property’s owner.

·         Preliminary sale and purchase agreement: Assistance is provided throughout the entire process of sale and purchase agreement, right from the negotiation step to the closing deed exchange.

·         Italian Power of Attorney: Applications of an Italian Power of attorney include real estate conveyancing, Italian inheritance related activities, solution to a judicial dispute, property management, incorporating an Italian company, and so on.

·         International validation of the documents: It is difficult to get a foreign document accepted by the Italian authorities as a legal instrument. Therefore, clients can seek assistance in order to prove that the document was certified and executed by a renowned public authority.

Get legal assistance before selling property in Italy

We think that seeking legal assistance is usually a costly affair and hence, we shy away from taking help from the lawyers. But, the law firms have seen to it and kept the rates minimum so that every common man can avail these services.

Get Multi lingual Italian Solicitor Service Now!

Law and order is very necessary to maintain in any state or country. There are so many issues in day to day life that are unclear and easy to sort in such case it becomes difficult to understand who is the culprit, who is to blame and what procedure needs to follow. The major role such situation is of a lawyer! Therefore it is very important that in whichever situation you are, you hire best lawyer to represent it in the court of law. 

Our property case was not as simple as to use to look and for which we had to face many problems. Our day to day visit to Italy was not possible so we were looking for the professional expert who could handle our case and help us to get our property back which was undertake by someone else. In this concern we were looking for the best professional in the Italy and finally came across ‘Studio Legale Stornelli’ referred by one of our friends. 

They are the multi lingual Italian solicitorthat takes charge of all the legal issues at the rate that is very reasonable. They are the team of highly learned professionals that provides service for Inheritance law, Immigration law, Citizenship law, Property law and many others. They expertise in dealing with national as well as international clients in all the matter they face in Italy. 

They are the foremost Italian Lawyers that provide instant assistance for judicial as well extrajudicial cases. Their quick and expert assistance has helped us a lot and provided us instant assistance on our case. Their lawyers are the best and we prefer them anytime we have problem. So I would love to recommend them and their services. If you like to undertake their service you can log on to their website.