We should know about how important is
having a will in Spain in case of people national of other countries when they
have property in Spain as it can be a house, and being or not residents in
Spain.
Making a will in Spain will protect the rights of the family members and heirs
and gets easier the way to claim an inheritance in Spain by reducing costs and
paperwork, by a citizen of another country. In fact, the process is much more
complex and expensive if there is no Spanish Will produced, because claiming an
intestate inheritance in Spain or one produced in the country of origin with
respect to the property in Spain requires a large amount of time, money and
documents that will be affecting directly the heirs.
A national of another country shall be attached to his personal law if is specified in the Spanish will, that is, the country of his/her nationality. Depending on the country and its law relating to inheritance, may appear important differences.
While in some countries like
Spain , there are limitations to the obligation to test a part of the
inheritance to one's descendants , other countries like United Kingdom or
Russia there is freedom for the testator in which the person may have his
inheritance by appointing as heirs to those person chosen without restrictions
or very little restrictions. This will made in Spain will be added to the
Register of Last Wills, and will be valid and accessible by the Spanish
authorities, notaries and organizations facilitating the procedure of claiming
for the inheritance.
As for the taxation of claiming
an inheritance, the inheritance tax is delegated to the Spanish Regions so in
each region varies the existing tax law, exemptions and tax rates as they are different
from each other.
In VP ADVISERS, our clients will get the best legal advice at a very low cost , in short time for a price of just 50 € plus notary costs and would have formalized their will in Spanish and English.
For further details do not hesitate in contact VP Advisers.
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