Thursday, 26 July 2012

Cross-border succession in the EU

A few months ago we have posted about a new Regulation in matters of succession (An elderly uncle living in another Member State?...). This regulation becomes European law tomorrow - upon its publication in the Official Journal. New provisions aim at simplifying the procedure of inheritance of properties located in different Member States by determining that it is the country of habitual residence of the deceased whose laws will apply to establishing the jurisdiction and the law applicable in cross-border cases. It also provides for a European Certificate of Succession, allowing heirs to prove their claims to the inheritance throughout the EU. Member States have three years to implement them into their national laws. (EU rules to ease cross-border successions are now law)

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