Connect with us

EU

Cross-border inheritance in EU gets simpler

SHARE:

Published

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

20140912PHT61808_original On 17 August, the regulation on successions rendering cross-border inheritance easier will start to apply. Until now international successions or wills with cross-border elements could be very complex since member states had different rules to determine which court had jurisdiction to deal with a cross-border succession and which law applied to that succession.

This resulted in a lack of clarity, as courts in different member states could conduct parallel proceedings with potentially conflicting outcomes, and in fewer opportunities for people to choose the law that should apply to their inheritance.  Commenting on the Regulation,  Justice, Consumers and Gender Equality Commissioner Věra Jourová said: "Today we are making it cheaper and quicker to deal with international successions and wills.  Citizens preparing a will can now choose to have the law of the country of their nationality applied to their estate, even if they live in a different member state and have assets located in different countries. This will give peace of mind and legal certainty to roughly 450,000 European families each year, who are involved in cross-border cases. The result will be faster and cheaper procedures, saving EU citizens time and money in legal fees."

The Regulation also introduces a European Certificate of Succession which will enable heirs and administrators to prove their status and exercise their rights and powers across the EU. As of today, the Regulation on successions will apply in all member states except the UK, Ireland and Denmark, which opted out of this instrument. An information campaign addressed to citizens and professionals has been launched today on social media.

Share this article:

Share this:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.

Trending