WEALTH BEYOND BORDERS
The globalization of Italian wealth has reshaped traditional estate planning. International families often keep strong ties to Italy while holding assets abroad. Navigating multi-jurisdictional tax systems, inheritance laws, and disclosure rules requires professional counsel and international wealth planning.
Italian succession law generally follows the deceased’s nationality unless another law is chosen under EU Regulation 650/2012. However, when assets or heirs are located in non-EU or common-law jurisdictions, these differences can lead to significant uncertainty and inefficiency.
Trusts are particularly effective at mitigating the international succession planning challenges. Italy has no domestic trust law but recognizes foreign trusts under the 1985 Hague Convention, with tax guidance provided by Circular 34/E (2022). When properly structured, an international trust bridges civil-law and common-law approaches, supporting continuity, protection, and family stability across borders.
KEY CHALLENGES
Italian families and their assets are increasingly international.
Residency, succession, and tax rules often conflict and differ significantly between countries.
Transparency regimes such as CRS, UBO registers, and EU disclosure directives have greatly increased compliance obligations.
Without solid fiduciary planning, families risk double taxation, legal disputes, and invalid cross-border succession arrangements.
HOW CMG SUPPORTS ITALIANS & INTERNATIONAL FAMILIES
International families require cross-border solutions that combine legal precision, tax awareness, and cultural understanding. CMG delivers cross-border expertise and fiduciary solutions for Italian entrepreneurs and families by providing:
Bespoke international trust structures aligned with Italian law and major foreign jurisdictions.
Coordinated cross-border legal and tax support.
As an independent fiduciary, we are able to provide our clients with unbiased services and advice.
Transparent and compliant solutions that meet Italian and international AML, CRS, and reporting standards.
Succession and family governance planning that protects assets, values, and generational wealth.
International solutions for families seeking to restructure or migrate existing wealth structures.