LAST WILL AND TESTAMENT
FOR SPANISH ASSETS
Make the inheritance process cheaper and easier for your heirs

LAST WILL AND TESTAMENT
FOR SPANISH ASSETS
Make the inheritance process cheaper and easier for your heirs

Wills and inheritance taxes

The importance to have a Spanish Will.

Drawing up a will in Spain will protect the rights of your family members and heirs as well as it will make the way to claim an inheritance in Spain easier by lowering costs and reducing paperwork, As a matter of fact, the process can be much more complex, troublesome and expensive if no Spanish Will has been made, because claiming an intestate inheritance in Spain or one made in the country of origin apropos a property in Spain requires a large amount of time, money and documents that will be affecting the heirs directly.

Z

Inheritance tax

No matter what nationality or if you are resident or non-resident, Spanish inheritance tax is applied to all Spanish assets when the owner dies. This tax must be satisfied before the takeover of ownership is made. There are three factors to bear in mind when calculating how much inheritance tax has to be paid:

  • 1. The relationship between the beneficiary and the deceased.
  • 2. Your status of resident or non-resident in the European Union.
  • 3. What Spanish autonomous region the property is located in.

Based on these factors the inheritance tax to pay may vary considerably.

Z

Signing a Spanish will

In Spain, In order to get a valid will and have it registered at the Last Will Registry, it has to be signed before a Public Notary. Following the information gotten from you ,our staff will make two versions of your will, one in your own language and another one in Spanish, we will send it then to the Notary office for it to be reviewed.

CE Consulting Empresarial Torrevieja will coordinate an appointment at the Notary and a member of our company will translate everything to you. The cost of this service is 110 € per will, including preparation, translation and Notary expenses. Your passport is mandatory, you may also bring your residency card or NIE number at the Notary.

Z

The inheritance procedure

Inheritors will be informed of all the documents they have to provide and how to manage with Spanish bank accounts and also with change of name issues. CE Consulting Torrevieja staff will make sure that the inheritors receive clear and detailed explanations on paying inheritance taxes and transmitting the ownership of property or other possessions involved to their name.

Z

Power of attorney in case your inheritors are not able to travel

If the inheritors are unable to travel to Spain, CE Consulting Torrevieja recommends that they sign a Power of Attorney. It can be done in Spain or, if they prefer not to travel abroad, in their home country. This will give permission to our team to act on their behalf during the inheritance procedure.

Z

N.I.E number for inheritors

There is no need for your inheritors to have a N.I.E. number when you name them in your will and sign it. However, as they will have to pay for the inheritance tax, they will have to be fiscally identified upon receiving their inheritance and that means that they will need a N.I.E number at that time. A special clause can be added to the Power of Attorney endowing us with the power to apply and obtain their N.I.E number in Spain without them travelling here.

THE SIMPLEST WAY TO FIND HELP

ASK FOR FREE QUOTATION

 

(+034) 965 04 69 91

13 + 12 =

Calle Ramón Freixa nº1. 1º planta.
03183 Torrevieja (Alicante)

Teléfono: (+034) 965 04 69 91
Email: torrevieja@ceconsulting.es
www.torreviejaceconsulting.es

Blog

Recibir una herencia. Lo que debes saber.

Todos Sabemos que recibir una herencia es la consecuencia de un hecho familiar desafortunado, por lo que tenemos la esperanza de que este trámite sea lo más fácil y rápido posible, aunque mayoría de las veces no es así. Debemos tener en cuenta que, haya testamento o...

Consecuencias de no pagar mis impuestos a tiempo.

Cada vez que adquirimos un bien o un servicio estamos abonando impuestos en nuestras facturas y tickets, pero en este caso vamos a dirigir nuestra atención a aquellos impuestos que debemos pagar por, como ejemplos, ser poseedor de bienes inmuebles, ser empresario o...