Minors and Inheritance

Minors and Inheritance Under Italian Law, when an heir is a minor, the inheritance shall be accepted by his legal representative (such as the parent) in the best interest of the minor himself. In this case, the law provides that the acceptance of the inheritance shall be made with the benefit of inventory. The acceptance […]

Bank account of the deceased: what happens?

Bank account of the deceased: what happens? Under Italian Law, if the holder of a bank account dies, the heirs inherit his bank deposits, including investments and cash. Only heirs who have accepted the inheritance are entitled to inherit the bank account, even when the acceptance has been made with the benefit of inventory. The […]

Liabilities of the estate

Liabilities of the estate When a person dies, his inheritance may consist either of an estate composed by assets and/or liabilities. The difference between the assets and liabilities of the estate is the value of the estate (on which inheritance tax is paid). However, it may also happen that the deceased leaves only debts with no […]

Inheritance tax in Italy

Inheritance tax in Italy Under Italian Law, inheritance tax is due over the wealth transfer following to the death of the deceased relative.     The assets and rights transferred constitute the so-called estate (attivo ereditario), while the debts of the deceased constitute the liabilities of the estate (passive ereditario). Inheritance tax applies to the difference […]

The “Digital Will” under Italian Law

The Italian Privacy Code, amended by the GDPR, now regulates the digital identity, i.e. the status of social profiles and online accounts after the death of the owner. Article 2-terdecies of the Code introduced the rights to the protection of personal data of deceased people, which may be enjoyed by third subjects having a special […]