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Wills & Successions Planning

It is assumed by many people that on their death their estate will transfer to their spouse or partner a wills and successions planning is necessary.

However, in Spain this does not happen, as there are formal steps and Inheritance tax to be paid. How the ownership of possessions is registered, the existence of a will and the relationship with surviving family can all impact the distribution of a person's possessions when they die.

Inheritance tax in Spain

A foreign will dealing with assets situated in Spain may also be valid, however, this can sometimes be tricky as there are major differences between the different legal systems which can cause the implementation of such a will to be complex or impractical. Such is the frequent case of Trusts, which are not recognised under Spanish law and, therefore, involve legal practical difficulties when administering a estate.

If you have interests in Spain we strongly advise that you have a Spanish Will to ensure that all of your wishes are carried out. Our team of experienced qualified and bi-lingual lawyers can also advise you on the best financial and asset planning route for you to take. Spanish solicitors in London

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