Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-269-500"
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"en.20120313.17.2-269-500"2
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"Even at the height of the crisis, the EU continues to work to make life easier for its 500 million citizens. Today, Parliament has adopted an important text that seeks to facilitate the settlement of cross-border successions and to avoid conflicts where a person dies leaving a will involving the legal systems of more than one Member State. According to some studies, successions of this kind account for 10% of all successions within the Union and involve EUR 123 billion.
It has taken more than three years of discussions in order to arrive at an agreement on this extremely sensitive matter for the Member States. Thanks to this new regulation, a Spaniard living in France will now be able to decide whether his heirs will inherit under French or Spanish law and thus avoid costly proceedings leading to the legal uncertainty of the past. In the absence of any intent expressly declared by the deceased, it will be the law of the country of residence that applies. This simplification applies to all of us and reflects a Europe of free movement, which is proactive, coordinated and provides protection."@en1
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