Life Insurance policy and inheritance
The life insurance policy is a contract in favour of a third beneficiary party, who acquires the right to receive a payment at the moment of the death of the policyholder. The identification of the third party may be made by the last Will, even in general terms. In this case, it should be noted […]
Heirs do not pay tax penalties
According to the Italian Supreme Court, the tax penalties resulting from the violation of tax rules are of an afflictive nature and, therefore, are not inherited by the heirs. In particular, the deceased owner of a plot of land did not consider it to be qualified as building land, despite the fact that it was […]