Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-12-Speech-1-160-750"

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"en.20120312.19.1-160-750"2
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". Around 10% of successions in the EU have foreign elements relating to another Member State. It represents a total value of around EUR 123 billion. As the various rules in inheritance law are so different throughout Europe, cross-border successions can be very complicated. In order to establish which legal system is applicable, it makes sense to link this to the testator’s place of residence. On the other hand, people who live in a foreign country, but who wish their succession to be handled in accordance with the law of their home country, must be able to specify this in their will. It is important that we do not see the disintegration of inheritance in Europe. In this regard, a European Certificate of Succession will enable relatives to prove their position as heirs without a great deal of red tape. The process is thereby simplified and disputes avoided. However, the European Certificate of Succession should be restricted to cross-border cases. Harmonisation beyond that is not necessary."@en1

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