Legislative News in terms of Testamentary Execution in the National Space
Legislative News in terms of Testamentary Execution in the National Space

Summary/Abstract: The New Civil Code, entered into force on October 1, 2011 brings legislative news in terms of testamentary execution, as follows – the testamentary executor can be explicitly appointed by the testator, but (s)he can also be appointed by a third party; as regards the acceptance or the renouncement of the testamentary execution, the law imperatively stipulates the form of the notarial authentic act; the administration right of the testamentary executor comprises both the conservation, administration acts and the disposal acts of useful character; the legal term of the testamentary execution lasts 2 years from the inheritance opening date, with the possibility of its reduction by the testator, or of its prolongation by the Court; the testamentary executor is obliged to account for his/her administration at the end of each year of the execution, as well as at the cessation of the execution; the testamentary execution ends at the expiry of the delay stipulated by law, excepting the situation where the Court decided the prolongation of this delay.

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