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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
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…
Brighter Skies For Lanzarote Property and Tourism Economies?
Published in: Property in Spain
Mon, November 30, 2009
Can You Still Get Mortgages to Buy Spanish Property?
Published in: Property in Spain
Thu, October 29, 2009
Expat Property in Spain Affected by Falling Tourist Numbers
Published in: Property in Spain
Tue, April 07, 2009
Tourism Numbers and Property Prices Fall in Lanzarote
Published in: Property in Spain
Thu, January 22, 2009
Why Property in Lanzarote Makes a Good Investment Choice
Published in: Property in Spain
Wed, December 10, 2008
Spanish Property Update: Falling Prices Rising Opportunities
Published in: Property in Spain
Tue, November 18, 2008
A Complete Guide to Buying a Property in Spain
Published in: Property in Spain
Wed, November 12, 2008
Property Abroad Categories
Buying Property Abroad
Keeping readers up to date with the latest property related news from around the world, and specifically focusing on buying property abroad safely
Featured Property Abroad
Featuring prestigious property developments and homes for sale around the world, and featuring new investment property hotspots and their associated buying processes
Property in Australia
Exploring the property market across Australia, identifying any real estate investment hotspots and examining the property buying process
Property in Belize
Looking at property for sale and rent in Belize, and discussing the purchase process and investment prospects
Property in Bulgaria
Examining whether buying property in Bulgaria is still a good investment choice, and exploring how expats can buy and own real estate
Property in Canada
Opening up Canada’s property market and real estate investment prospects for interested buyers and investors
Property in Dubai
Exploring the sometimes volatile, always exciting property market in Dubai: introducing foreign buyers to the real estate purchase process and property laws in the UAE
Property in France
Discussing all elements of buying a property in France – from where to buy to how much to spend
Property in Ireland
Detailing the highs and lows of Ireland’s property market for expats and real estate investors
Property in Italy
Examining the property for sale in Italy and explaining how buyers and investors can purchase a home or investment property safely
Property in New Zealand
Property in New Zealand is available for sale at prices to suit all budgets, but we show you where to buy which real estate and how the buying process works
Property in North Cyprus
Bringing you the truth about property in North Cyprus, why it can be an exceptional investment, and how to ensure you buy safely and get your title deeds
Property in Portugal
From the Algarve to the Silver Coast, from beachfront homes to investment golf properties, there are all sorts of property for sale in Portugal
Property in Spain
Exploring the ins and outs of buying and owning a property in Spain as an investment choice or as a home for life for example
Property in Turkey
Opening up the property market in Turkey for real estate investors and those seeking a new home in a stunning nation
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