In Italian succession law, tacit acceptance (accettazione tacita) occurs when an heir performs acts that implies the intention to accept the inheritance, even without a formal declaration of acceptance. Under art. 476 of the Civil Code, such acceptance is irrevocable and exposes the heir to full liability for the debt of the estate debts, unless
In parts of Northern Italy, especially in the provinces of Trento, Bolzano (South Tyrol), and some municipalities in the provinces of Friuli-Venezia Giulia and Belluno, real estate property is governed by the “sistema tavolare” (land register system), rather than the ordinary land registry used in most of the country. This system originates from the Austro-Hungarian
The recent death at the age of 91 of Giorgio Armani, one of Italy’s most iconic fashion designers, has ushered in a carefully planned transition for his business empire and personal estate, worth an estimated 11-13 billion Euro. Armani was greatly admired for the way that he had always maintained control over his brand, both
