{"id":589,"date":"2024-09-29T12:37:13","date_gmt":"2024-09-29T10:37:13","guid":{"rendered":"https:\/\/www.notaiomassimilianoferraro.it\/services\/successions-gifts-and-trusts\/"},"modified":"2026-05-12T15:12:48","modified_gmt":"2026-05-12T13:12:48","slug":"successions-gifts-and-trusts","status":"publish","type":"page","link":"https:\/\/www.notaiomassimilianoferraro.it\/en\/services\/successions-gifts-and-trusts\/","title":{"rendered":"Successions, gifts and trusts"},"content":{"rendered":"[vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;none&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;#ffffff&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;20&#8243; top_padding_phone=&#8221;0&#8243; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; 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column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; overflow=&#8221;visible&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]\n<h2>Notarial Assistance in Inheritance Practices<\/h2>\n<p><strong>Inheritance planning<\/strong> is a key aspect of ensuring that the generational transfer of assets takes place in accordance with the wishes of the settlor and in compliance with applicable regulations.<br \/>\n<strong>Massimiliano Ferraro Notary Firm<\/strong> offers <strong>comprehensive advice<\/strong> for all needs related to inheritances, donations and trusts.[\/vc_column_text][nectar_cta btn_style=&#8221;underline&#8221; 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icon_family=&#8221;none&#8221; link_text=&#8221;Destination constraints&#8221; url=&#8221;https:\/\/www.notaiomassimilianoferraro.it\/en\/services\/successions-gifts-and-trusts\/#vincoli-di-destinazione&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; bottom_margin_tablet=&#8221;5%&#8221; top_margin_phone=&#8221;6%&#8221; constrain_group_5=&#8221;yes&#8221; bottom_margin_phone=&#8221;6%&#8221; flex_gap_desktop=&#8221;10px&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; 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text_direction=&#8221;default&#8221; el_id=&#8221;successioni&#8221;]\n<h3>Successions: Estate Management and Tax Returns<\/h3>\n<p>Succession opens with the death of a person and is the legal process by which the deceased&#8217;s assets are transferred to heirs. There are two main types of succession:[\/vc_column_text]<div class=\"nectar-fancy-ul\" data-list-icon=\"icon-salient-check\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> \n<ul>\n<li><strong>Testamentary succession<\/strong>: when the deceased has left a valid will indicating the distribution of assets.<\/li>\n<li><strong>Legitimate succession<\/strong>: if there is no will, the law determines the distribution of assets among heirs according to kinship ties.<\/li>\n<\/ul>\n <\/div>[vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]In <strong>testamentary succession<\/strong>, the testator (the one who drafts the will) can decide how to distribute his or her assets, while respecting the shares of legitimacy reserved for the legitimates (spouse, children, and ascendants). In the absence of a will, on the other hand, assets are divided among heirs according to the law.<br \/>\nOur firm provides assistance for:[\/vc_column_text]<div class=\"nectar-fancy-ul\" data-list-icon=\"icon-salient-check\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> \n<ul>\n<li><strong>Will drafting<\/strong>: we help clients draft clear and legally compliant wills, ensuring that the testator&#8217;s wishes are respected.<\/li>\n<li><strong>Declaration of inher<\/strong>itance: we take care of the completion and submission of the declaration of inheritance to the Internal Revenue Service, ensuring that all tax formalities are met.<\/li>\n<li><strong>Division<\/strong> of assets: we assist heirs in managing the division of inheritance assets, ensuring a smooth and conflict-free transition.<\/li>\n<\/ul>\n <\/div>[divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;default&#8221; custom_height=&#8221;40&#8243;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221; el_id=&#8221;donazioni&#8221;]\n<h3>Donations: Transfer of Assets in Life<\/h3>\n<p><strong>Donations<\/strong> are one of the most widely used tools for transferring assets during life, avoiding the uncertainties associated with inheritance and making it possible to clearly determine who will receive certain assets. Donation is a formal act through which a person (donor) transfers an asset, free of charge, to another person (donee).<br \/>\nOur firm offers advice and assistance in drafting <strong>deeds of gift<\/strong>, ensuring that each transaction is carried out in compliance with the law and with maximum tax benefits. We also handle the aspects related to the <strong>revocability of donations<\/strong>, their transcription in the land registers (in the case of real estate donations) and the verification of any <strong>legitimation quotas<\/strong> that must be respected.<br \/>\nTypes of donations assisted by our firm:[\/vc_column_text]<div class=\"nectar-fancy-ul\" data-list-icon=\"icon-salient-check\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> \n<ul>\n<li><strong>Real estate donations<\/strong>: transfer of real estate between family members or third parties.<\/li>\n<li><strong>Donations<\/strong> of money or movable property: free transfer of sums of money or movable property.<\/li>\n<li><strong>Corporate donations<\/strong>: transfer of corporate shares or interests.<\/li>\n<\/ul>\n <\/div>[vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]Gifts are also a useful tool in <strong>estate planning<\/strong>, as they allow assets to be transferred to heirs in advance, reducing the risk of inheritance conflicts and allowing for more favorable tax management.[\/vc_column_text][divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;default&#8221; custom_height=&#8221;40&#8243;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221; el_id=&#8221;trust&#8221;]\n<h3>Trusts: Asset Protection and Tax Planning<\/h3>\n<p>A <strong>trust<\/strong> is an Anglo-Saxon-derived legal instrument that allows a person (settlor) to transfer ownership of certain assets to a third party (trustee), who will have the obligation to manage them in the interest of one or more beneficiaries, according to the instructions given by the settlor.<br \/>\nThe <strong>trust<\/strong> can be used in a variety of contexts:[\/vc_column_text]<div class=\"nectar-fancy-ul\" data-list-icon=\"icon-salient-check\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> \n<ul>\n<li><strong>Estate planning<\/strong>: to protect family assets and ensure their transmission to future generations.<\/li>\n<li><strong>Protection of the weak<\/strong>: to ensure proper management of assets intended for people with disabilities or incapacities.<\/li>\n<li>Asset <strong>protection<\/strong>: to protect assets from legal or economic risks.<\/li>\n<\/ul>\n <\/div>[vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]The <strong>Massimiliano Ferraro Notary Firm<\/strong> provides assistance in the creation and management of trusts, helping clients define the most appropriate clauses to ensure the protection and proper administration of assets. We take care of all legal and tax formalities related to the establishment of the trust, ensuring that the contributed asset is managed according to the settlor&#8217;s wishes and in compliance with regulations.[\/vc_column_text][divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;default&#8221; custom_height=&#8221;40&#8243;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221; el_id=&#8221;patti-di-famiglia&#8221;]\n<h3>Family Covenants: Business Succession and Generational Continuity<\/h3>\n<p>A <strong>family covenant<\/strong> is a legal instrument that makes it possible to transfer, during life, ownership of the business or corporate interests to one or more heirs, ensuring business continuity and reducing the risks of disputes among future heirs. It is a very useful agreement for families who own a business and want to ensure that it will continue to be managed over time, preventing the inheritance division from jeopardizing the stability of the business.<br \/>\nOur firm provides comprehensive advice on drafting and entering into <strong>family pacts<\/strong>, ensuring that all parties involved are protected and that the transfer is carried out in accordance with tax and civil regulations.<br \/>\nAdvantages of the family pact:[\/vc_column_text]<div class=\"nectar-fancy-ul\" data-list-icon=\"icon-salient-check\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> \n<ul>\n<li><strong>Business continuity<\/strong>: the transfer of company shares takes place in an organized and planned manner.<\/li>\n<li><strong>Prevention of inheritance conflicts<\/strong>: heirs give up any inheritance rights in exchange for other compensation.<\/li>\n<li><strong>Tax optimization<\/strong>: thanks to the family covenant, the tax impact of business succession can be reduced.<\/li>\n<\/ul>\n <\/div>[divider line_type=&#8221;Full Width Line&#8221; line_thickness=&#8221;1&#8243; divider_color=&#8221;default&#8221; custom_height=&#8221;40&#8243;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221; el_id=&#8221;vincoli-di-destinazione&#8221;]\n<h3>Restrictions of Destination: Legal Protection of Assets<\/h3>\n<p>A deed <strong>restriction<\/strong> is a deed through which certain assets can be earmarked for a specific purpose, protecting them from legal action or creditors. This instrument is often used in estate planning to ensure that assets remain available to the family or specific individuals, in accordance with the purposes defined by the settlor.<br \/>\nOur firm provides assistance in drafting and registering deeds of <strong>earmarking<\/strong>, ensuring that assets are protected and managed in accordance with the established purposes.[\/vc_column_text][\/vc_column][vc_column column_padding=&#8221;padding-2-percent&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; flex_gap_desktop=&#8221;10px&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; sticky_content=&#8221;true&#8221; sticky_content_functionality=&#8221;css&#8221; sticky_content_alignment=&#8221;default&#8221; 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gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]\n<h4>Book an appointment<\/h4>\n[\/vc_column_text][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]<i class=\"icon-tiny fa fa-envelope-o #ffffff\"><\/i>  info@mfnotaio.it<\/p>\n<i class=\"icon-tiny fa fa-map-marker #ffffff\"><\/i>  Via Gustavo Modena 24, Milan<br \/>\n<i class=\"icon-tiny fa fa-phone #ffffff\"><\/i> <a href=\"tel:+390292271710\">02 92 27 17 10<\/a><br \/>\n<i class=\"icon-tiny fa fa-clock-o #ffffff\"><\/i>  09:00 &#8211; 18:00, Mon &#8211; Fri<\/p>\n<i class=\"icon-tiny fa fa-map-marker #ffffff\"><\/i>  Via Dante Alighieri 116\/A, Pioltello<br \/>\n<i class=\"icon-tiny fa fa-phone #ffffff\"><\/i> <a href=\"tel:+390292271710\">02 92 27 17 10<\/a><br \/>\n<i class=\"icon-tiny fa fa-clock-o #ffffff\"><\/i>  09:00 &#8211; 18:00, Mon &#8211; Fri[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;full_width_background&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;top&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;#00355c&#8221; bg_image=&#8221;5600&#8243; bg_image_type=&#8221;default&#8221; bg_position=&#8221;left top&#8221; background_image_loading=&#8221;default&#8221; bg_repeat=&#8221;no-repeat&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;6%&#8221; 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column_border_width=&#8221;none&#8221; column_border_color=&#8221;rgba(10,10,10,0.1)&#8221; column_border_style=&#8221;solid&#8221; gradient_type=&#8221;default&#8221; column_padding_type=&#8221;default&#8221;][nectar_highlighted_text scribble_color=&#8221;#ffffff&#8221; style=&#8221;scribble&#8221; scribble_shape=&#8221;basic-underline&#8221; scribble_thickness=&#8221;thin&#8221; scribble_speed=&#8221;1.8s&#8221; scribble_easing=&#8221;ease_in_out&#8221; text_direction=&#8221;default&#8221;]\n<h3>Talk to the notary<\/h3>\n[\/nectar_highlighted_text][vc_column_text css=&#8221;.vc_custom_1727646621150{margin-top: 20px !important;}&#8221; text_direction=&#8221;default&#8221;]Fill out the form to request a consultation and you will be contacted by our staff to confirm the meeting.[\/vc_column_text][vc_row_inner column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; 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