Within the European Union, the European Inheritance Regulation 650\/2012 (RSE 650\/2012) is the regulatory framework that governs the general parameters of the inheritance of deceased persons residing on European territory, with the exception of Great Britain, Denmark and Ireland.<\/p>\n\n\n\n
The following are the most important and most practical application issues:<\/p>\n\n\n\n
–The point of connection for determining the law applicable<\/strong> to the succession will be the law of the habitual residence of the deceased unless he has made a different choice. The change is substantial, since before the entry into force of CSR 650\/2010 it was the law of the nationality of the deceased which was applicable.<\/p>\n\n\n\n For this reason, it is essential that citizens residing in a European Union State of which they are not nationals review their legal-succession situation, assess which law is most convenient for them and choose accordingly. <\/p>\n\n\n\n The law on Portio Legitima <\/em>is where the most differences in the legal systems of each State arise, although there are other factors to be analysed.<\/p>\n\n\n\n -The creation of the European Certificate of Inheritance, which can be used in all the Member States of CSR 650\/2012, notwithstanding the conventional route of executing the traditional deed of inheritance.<\/p>\n\n\n\n The European Certificate of Inheritance<\/strong>, as a single notarial document, makes it possible to register any real estate located in these Member States and\/or to change the ownership of financial assets held in banks in these Member States, thus avoiding having to execute a deed of inheritance in each State where there are assets to be inherited.<\/p>\n","protected":false},"excerpt":{"rendered":" The point of connection for determining the law applicable to the succession will be the law of the habitual residence of the deceased unless he has made a different choice.<\/p>\n","protected":false},"featured_media":0,"template":"","acf":[],"yoast_head":"\n