Have you made a
will for your Italian property?
Whilst there seems to be a general lull in
financial markets, in the lead up to the British vote to leave Europe, I
thought I would interrupt with a notice on my next event which may interest
you.
For some time I have been noticing that many of my
clients, possibly you included, have not made sufficient plans for the
succession of their properties in Italy in the event of their deaths. This may
be as simple as making a Last Will and Testament to establish to who, and how,
the asset is distributed on your death.
However, as we all know, in Italy, things are not
that straight forward and the rule of 'forced succession' (i.e. a proportion of
the asset MUST BE distributed to children, spouse etc) may or may not be applied
to your property in Italy.
For this reason it may make sense to have a written
Last Will and Testament in Italy to either reflect your last wishes as written
in your country of origin, OR merely to have a written statement of how you
wish your property to be distributed on your death.
Without written evidence of your wishes various
interpretations can be made and tax authorities can hold up the passing of
assets, in a timely manner, to your beneficiaries. In addition, your
beneficiaries may not speak Italian and may need to take expensive legal advice
to administer your estate. Small actions now can minimize all these
problems later.
For this
reason, The Spectrum IFA Group (Italy) have partnered again with Studio Legale
Internazionale Gaglione (Rome) to provide you with a morning of
questions and answers on this very topic.
Wednesday
May 23rd 2016 at Michele's Pastisserie in Castiglione del Lago starting at
11:00am.
Should I
make a Last Will and Testament in Italy, or not?
Do the new
Inheritance Tax proposals in Italy affect me?
If my
beneficiaries don't live in Italy do the forced succession rules apply to them?
And what if they do live in Italy?
Can I opt
for my preferred jurisdiction to be taxed on death?
What process
will my beneficiaries have to through if I do not leave a Last Will and
Testament in Italy?
These are a few of the questions which can be
answered on the day.
The event will open at 10:30am for coffee, tea and
pastries, followed by a prompt 11:00am start to the talk.
All attendees are encouraged to ask questions of
the speakers, ROBERTA MORETTI AND GIUSEPPE GAGLIONE of Studio Legale
Internazionale Gaglione, or you can just come along and listen.
Due to the outstanding success of the previous
event, when held in Bagni di Lucca, numbers will be limited to a maximum of 30
people to ensure that everyone gets an opportunity to ask questions, so book
early to reserve your place.
Due to the
importance of the subject matter, I would also ask you to kindly share the
information of this event with people you may know who are not on my E-zine
mailing list so that they may also attend if they wish.
To book a place you can contact me on
gareth.horsfall@spectrum-ifa.com or call me on +39 333 6492356
