QuestionThe deceased had bank assets in Germany and property in Spain, Italy and Portugal. What do I have to consider now?
AnswerFirstly, it depends on which inheritance law is applicable. As a rule, the entire estate - regardless of its location - is subject to this law. Subsequently, country-specific particularities, such as the acquisition of real estate, must be taken into account. In addition, there are also tax law issues. These are not resolved in accordance with inheritance law, meaning that there may be a right to tax the assets in each country. This must be examined on a case-by-case basis.
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Applicable law under the European Succession Regulation