Press Release: European Commission plans to ease legal burden for cross-border successions move an important step forward in the European Parliament

European Commission proposals to ease the legal burden when a family member with property in another EU country passes away moved an important step closer to final approval following a vote today in the leading European Parliament committee.

Around 12.3 million Europeans live in another EU country and there are around 450,000 international successions each year, valued at more than €120 billion. As owners of properties – houses and bank accounts – families are confronted with different rules on jurisdiction and applicable law in the 27 EU Member States.

European Commission: Memo/12/183: Statement by EU Justice Commissioner Reding on the positive vote by the European Parliament on new EU legislation regarding cross-border successions http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/183&format=HTML&aged=0&language=EN&guiLanguage=en

---