Inheritance and Wills
Be prepared because the future isn’t always crystal clear
Specify your wishes and make things easier for those you care about.
The process of making a Spanish will
In order for your Spanish will to be valid it will need to be signed before a Notary. The usual process is for you to sign your will when you are in Spain before a Notary. The date on which you made your Spanish will and the Notary before whom you signed it will be recorded at the General Registry of Last Wills in Madrid. The original Will stays at the Notary’s office and you will receive a copy.
Upon your death anyone you have mentioned in your Spanish will can obtain a copy of the will, by first obtaining a certificate of last will from the General Registry of Last Wills and then applying to the corresponding Notary’s office for a certified copy of the original document.
What is the benefit of making a Spanish will
The benefit of making a Spanish will is that the inheritance procedure is straightforward and less costly than if one relies on a foreign will.
QUICKER AND EASIER – A Spanish will makes it much easier for your family or friends to sort everything out when you die – without a Spanish will the process can be very time consuming and stressful.
LEAVE YOUR ASSETS TO THE BENEFICIARIES YOU CHOOSE – If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want.
CHEAPER – A will can help reduce the amount of Inheritance Tax that might be payable on the value of the property and money you leave behind.
PROTECT YOUR LOVED ONES – Writing a will is especially important if you have children or other family who depend on you financially, or if you want to leave something to people outside your immediate family.
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