Will and Inheritance
We recommend to you write a will in Spain in order to designate the beneficiaries of your assets located in the Spanish territory. Your will lets you decide what happens to your money, property and possessions after your death.
Writing a will is easy and can avoid unnecessary costly, trauma for your beneficiaries. To ensure that your assets are bequeathed to your loved ones in the most tax efficient manner, we can assist in the drafting of your will in accordance with your instructions.
Few people realise that a divorce has no effect at all on inheritance, but marriage changes everything, even to the extent of nullifying a previous will. You should ensure that you make a will immediately after marriage or divorce and keep it updated through your life.
Assistance is provided to settle the deceased’s affairs, whether or not they have a will. Consideration must always be given to the relevant law of donation or succession applicable to their property, money and possessions.
If you are beneficiary of a donation or an inheritance of assets situated in Spain, it is important that you be advised of the legal procedures and applicable taxes (Donation / Inheritance Tax, Plusvalia and IRPF) in order to receive the bequeathed assets. Before any distribution of assets can take place, all debts and any taxes must be paid.
We would like to inform you that we have both legal and tax specialists, who will ensure that the assets will be transferred straight to the name of the beneficiaries and that donation or inheritance taxation is minimised.
Contact us and we will be able to provide an estimation of the valuation of assets, liable taxes and costs: Plusvalia, Donation / inheritance Taxes, Legal fees, Notary and Land Registry.