SUMMARY OF THE ARTICLE 1.- Life insurance does not form part of the estate. The proceeds of a life insurance policy are paid directly to the beneficiaries named in the policy. They do not form part of the deceased’s estate and are not subject to the rules governing the distribution of an inheritance. This has […]
SUMMARY OF THE ARTICLE 1.- What are the principles of unity and universality of succession. European Regulation 650/2012 enshrines two essential principles in international inheritance matters: unity and universality. The first establishes that a single law governs the succession. The second, that this law applies to all of the deceased’s assets, regardless of the country […]
SUMMARY OF THE ARTICLE 1.- What is the right of habitation. It is a limited real right, governed by arts. 523 to 529 of the Civil Code. It allows its holder to occupy the rooms necessary in another person’s property for themselves and their family. It is strictly personal: it cannot be transferred, sold or […]
