A will regulates the distribution of assets after the owner has deceased. It is an important and valued document, providing it respects the minimum rights of the legal benefactors.
Making a will avoids preparing an expensive alternative document after the person’s death. In addition, it is the best and simplest way to resolve the typical inheritance problems before they arise. For this reason, a will should be as precise as possible, and should allocate specific assets to each benefactor.
Legal & Accounting Network has the qualified personnel to help reflect the client’s wishes in the form of a legal will with the assurance of total confidentiality. If you also need advice on inheritance tax laws in Spain, our accountancy side of the business can assist you with this too.
Dealing with assets outside of your home country can prove especially daunting, therefore using a specialist in Spanish legislation who knows how to deal with your inherited assets will allow you to gain a thorough understanding of what needs to be done and when, making the process so much easier and stress-free.
If you have assets in Spain, counting on a professional to advise you on Estate Planning and drawing up a Spanish Will is essential in order to establish the beneficiary of your Spanish assets; minimise taxes and take advantage of the possible allowances and deductions. Our legal and fiscal specialists can assist in mitigating your Spanish inheritance tax liability and preparing your Spanish estate, so that it can easily be dealt with when the time comes.
Contentious probate is any dispute relating to the administration of a deceased person’s estate. We have a successful track record in contentious probate cases, challenging Spanish wills, as well as the distribution of a Spanish estate, and can represent you in this type of process.
Inheritance tax in Spain applies to both residents and non-residents. It is a progressive tax payable upon receipt of an inheritance from a friend or relative, whether money, a property, or an asset of any kind. Spanish law also provides for a number of inheritance tax reliefs.
National rules apply across the country, but Spanish inheritance tax rules also depend on the autonomous region, differing quite considerably in some cases.
Inheritance tax laws in Spain are complex, therefore we recommend consulting our team of legal and fiscal experts to receive tailored advice on your inheritance tax liabilities.