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“Quick” divorces – new legislation in Italy

Previously a three-year separation was required in either case and, whilst not being particularly permissive given that a separation period is still needed, this legislation will speed up the civil process and is therefore a welcome change.

The new law modifies Art. 3 of Italian Law no. 898/1970.

Whilst in an ideal world it would be nice if all families could stay together and live in harmony until death, we have to accept that going through a divorce is becoming increasingly more common in this modern era. Becoming independent again can be very stressful for most especially as it can involve organising your wealth/settlement in a new way. We help individuals to invest capital to give them piece of mind, income streams and protection levels in line with their needs and desires, whilst incorporating tax efficiency and estate planning features at the same time.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Canary Islands Villa, Yours for 525 Bitcoins

BitcoinA luxury property in the Canary Islands is up for sale. No, this doesn’t sound like news, but there’s an important and unusual detail: the five-bedroom villa in the lofty hills of La Caleta, Tenerife, is being sold for 525 Bitcoins (approximately €3.2 million).

But why would someone exchange a near 2,700 square metre plot, comprised of house, swimming pool, gardens, Atlantic views and palm-lined outdoor eating area, for a “virtual currency”?

We have long been told that Bitcoin is a bubble that’s going to burst, so surely exchanging such a valuable asset for an unstable and unregulated “pseudo currency” is financial madness of the most extreme kind. There are certainly detractors of the currency, such as Warren Buffet, who would argue this point. Perhaps the vendor’s expat financial advisers in the Canary Islands should reach straight for the phone to dissuade him from such a move?

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Norway’s new secure bank notes have a fishy theme

Waves breakingNorges Bank has recently introduced the new series of Norwegian banknotes, which display a rather unusual design.

Traditionally, as is the case in most countries, Norway’s banknotes have always been adorned with portraits of the country’s important historical figures. But this new series of currency has done away with tradition and instead features images with one theme tying them together: the sea.

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