The Case It may happen that a person living in Italy left a holographic will excluding from the inheritance one of the children living in Australia. Let's have a look at which law shall apply to such succession and what the rules are with respect to the rights of a child residing in Australia.   1. The applicable law. The first step would be to determine which law shall apply to the deceased succession: whether the testator's (Italian) law or that of the place of residence of

It is increasingly common, for a person resident in Australia, to inherit assets located in Italy from either a brother or sister who died in Italy. Let's see what tax requirements an Australian-resident must comply with according to the Italian Law to acquire the ownership of the inherited assets. According to Italian law, the first step is to file the succession declaration; this is a tax document disclosing to the Government the value of the inherited assets. By lodging th

If you’re an Australian heir to an Italian joint postal savings account, you no longer risk being stuck in limbo—the survivor can access their share right away, and you can claim yours separately without waiting for everyone else.

What the Italian law provides in case of intestacy and what are the rights of those survivors residing in Australia.

The Case It may happen that a person living in Australia is the beneficiary of an Italian estate where the deceased's debts are higher than the assets' value. Let's see what options the Italian law provides to a beneficiary living abroad.   The Waiver Under the Italian law, upon the inheritance acceptance the beneficiary would be liable of all the debts left by the estate. This means that the person accepting the inheritance shall also pay the deceased's debts, even if they e

Inheritance - succession estate Italy Where a person resident in Australia is inheriting a sum deposited either on a Italian bank account and/or a saving account and/or invested in financial instruments, certain documents shall be prepared, both in Australia and Italy, to be filed with the authorities of the latter country to finalise the transfer of those funds to the beneficiary. 1. Documents to be prepared in Australia To set out the payment process, the following document