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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

Will Brexit provoke ‘travel tax’ for UK residents?

Plans have been released by Brussels to introduce a travel tax on post-Brexit UK travellers. British people will no longer be able to travel freely to Europe without paying a “travel tax” and being forced to fill out a form under plans unveiled by Brussels.  The US-style visa waiver scheme is one of the first concrete signs UK citizens will not be permitted the privileges they once had, to move across European borders unhindered.

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Expat financial services could help arrest income decline

New research has indicated that the income of British expats has fallen by 11% since 2005, meaning that there is now extra imperative for Brits abroad to benefit from the advice of the providers of expat financial services.

According to the study, the majority of expat pensioners live in countries within the Eurozone. As such it is possible that, for some, living and financial arrangements could be at risk in the event of Brexit, particularly as the value of their pensions has fallen by more than 4% over the past year.

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