Heirs abroad: Expert Council on International inheritance Law in the EU

Heirs abroad: Expert Council on International inheritance Law in the EU

Oberplan, Österreich - A complex topic is international inheritance law, especially when it comes to asset transfers across national borders. According to a report by krone.at , the regulation of inheritance issues is difficult if different nations are affected. One saying says: "Who wants to die blessed, give the right heirs". But what happens if the heirs or assets come from abroad? Experts from the Vienna law firm Schneider & Schneider explain that the EU regulation is valid throughout the European Union, with the exception of Ireland and Denmark, and regulates the provisions on the determination of the applicable law and the responsible court.

It becomes clear that the regulations within the EU have to know exactly in order to benefit from the advantages of international inheritance law. The topic of crucial importance is particularly important for Austrians who have assets or heirs in other EU countries. In the event of disputes, it could make the inheritance complicated and lengthy, which in turn indicates that everyone who manages inheritance in an international context is dependent on legal support.

The fascination of the inheritance

The examination of nature and the world of the inheritance has deep roots, as the Austrian poet Adalbert Stifter (1805–1868) impressively describes. In one of his texts, he explores the joy of a child on the miracles of nature that are hidden in stones and other objects. This return to the roots of nature could also play a role in inheritance law when it comes to recognizing and preserving and preserving the value of assets, be it material or immaterial. famous quotes from founder show how both the material and the spiritual have an important influence on our perception of inheritance.