Is it necessary to have a will as a foreign owner of properties in Spain?
Yes, it’s highly recommended and it will protect your family and loved ones of many problems in case there is a will made up. Only then you will be assured that your belongings will be left to the persons you’ve wanted. Your inheritors can always find out your last wishes with any notary office in Spain, as all the wills in Spain get registered in a central file. Your trusted lawyer and his team, will assist your family and loved ones during the legal process of all the inheritance formalities.
The inheritance tax (death duties) is a very unpopular tax and the calculation depends of the deceased and beneficiaries are tax resident or non-tax-resident in Spain. It’s a complicated system, therefore it’s important to get the correct information and it can avoid penalties or a double tax bill.
We are here to inform and to help you with this matter, contact us for a free appointment and get the correct information about the whole Spanish system, explained to you by an experienced lawyer.