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Why You Need a Spanish Will If You Own Property in Spain

Clear and professional advice about why owners of assets in Spain need a correctly structured and worded will to protect their beneficiaries from the Spanish Civil Code and taxation on Spanish property for example

Published in: Property in Spain - Tue, December 15, 2009

Why You Need a Spanish Will If You Own Property in Spain If you are a non-Spanish owner of property in Spain, then except in unusual circumstances, you should make a will nominating the chosen beneficiaries of your Spanish property.  As Andrew Eastwood, Managing Director of Legal4spain writes, if you do not make a will dealing with your Spanish property, you risk the following issues occurring following your death: -

Someone other than your chosen beneficiaries could inherit your Spanish property.  Your beneficiaries could end up with an unnecessarily lengthy and stressful legal process to claim their Spanish inheritance.  Your beneficiaries could also be burdened with very substantial legal fees in securing their Spanish inheritance.  Your beneficiaries could be faced with high Succession Tax charges, which can significantly erode the value of their Spanish inheritance.

So, could you feel comfortable knowing you were leaving your loved ones with the problems outlined above?  Are you happy to think of someone other than your chosen beneficiaries claiming your Spanish property?  Are you relaxed about the prospect of the Tax Authorities unnecessarily having a claim to a large proportion of your hard-earned wealth?  If not, then please read on!  We are going to explain clearly why you need a Spanish will if you own a property or any other assets in Spain…

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