Italian inheritance basics
Jul 13th 2009, 10:31 am
#16
Senior Moment
Joined: Jan 2006
Location: On the edge
Posts: 20,460
Re: Italian succession
So Italian law is totally different to other EU countries where the UK will overrides succession?
Aug 17th 2009, 8:35 am
#23
Just Joined
Joined: Aug 2009
Posts: 9
Re: Italian inheritance basics
Hi Lorna,
Am stepping into another old thread, just to add that if you have a will written by an Italian notaio, have it registered, deposited etc it does cost a lot of money (€500 is a good estimation, depends on the notaio's fee). This is a "testamanto pubblico".
However you do have another option - the "testamento olografo". You write out the whole thing yourself (write by hand not on a pc), and make sure you sign it and date it. This is considered to be a valid, legal document in Italy, just as valid as the testamento pubblico, and it’s not necessary to have it validated by witnesses or stored by a notaio ... so it's FREE. You just need to make sure that your heirs know that your will exists and where to find it.
Ciao
Am stepping into another old thread, just to add that if you have a will written by an Italian notaio, have it registered, deposited etc it does cost a lot of money (€500 is a good estimation, depends on the notaio's fee). This is a "testamanto pubblico".
However you do have another option - the "testamento olografo". You write out the whole thing yourself (write by hand not on a pc), and make sure you sign it and date it. This is considered to be a valid, legal document in Italy, just as valid as the testamento pubblico, and it’s not necessary to have it validated by witnesses or stored by a notaio ... so it's FREE. You just need to make sure that your heirs know that your will exists and where to find it.
Ciao
Aug 17th 2009, 9:19 am
#24
Forum Regular
Joined: Apr 2009
Posts: 78
Re: Italian inheritance basics
Good morning, now you really have started me off on one!!!!!!!!!!!! My uncle left a ?Testamento Olografo'. It was left in the hands of the executor, who also stood to inherit anything that was left in his bank account and also the appartment . It now seems that a final letter has dissapeared.....this stated where his money was to go (apart from what was in the origional testamento) Strangley this final letter was also given to the executor!!!!!!! Not only, but we were supposed to inherit a coin collection gold silver and bronze.well guess what..there is not one gold coin left in the house!!!!!!!!!!!!!!! I really could scream, this person is a Doctor in commercio and had also worked many years in a bank so knows all the tricks of the trade. So i would say before anybody deceides to leave this kind of will...think think then think again. Unfortunatly where there is money involved you will ALWAYS BE FREGATO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! Jenny G
Aug 18th 2009, 6:21 pm
#25
Just Joined
Joined: Aug 2009
Posts: 9
Re: Italian inheritance basics
Hi jenny g,
Yes, that is the risk with a "testamento olografo" ... it's not officially registered so there's a risk it won't come to light when it's needed.
The downside with the "testamento pubblico" is that of course it's expensive and you have to involve a notaio, but because it's registered there's no chance of it not being considered. In fact, if you don't know if one exists or not you can place a request with the district notary board and check with all the notaries in that area if there are any wills deposited with them in the deceased person's name.
I hope you manage to get things sorted with your uncle's will. Fingers crossed.
Ciao
Yes, that is the risk with a "testamento olografo" ... it's not officially registered so there's a risk it won't come to light when it's needed.
The downside with the "testamento pubblico" is that of course it's expensive and you have to involve a notaio, but because it's registered there's no chance of it not being considered. In fact, if you don't know if one exists or not you can place a request with the district notary board and check with all the notaries in that area if there are any wills deposited with them in the deceased person's name.
I hope you manage to get things sorted with your uncle's will. Fingers crossed.
Ciao
