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Spanish Wills
Statistics show that people do not like making Wills. It is understandable that people do not like to consider death, but it is irrational not to consider what should happen to your assets should you die, and make sure that your accumulated wealth is distributed in accordance with your wishes.
It is important that property purchasers make a Spanish will, even if you have already made a British will. For the small cost of making a Spanish will your assets within Spain will be respected as you wish for your peace of mind, thus avoiding overseas lawyers or the Spanish government unnecessarily receiving large amounts of your assets.Sunshine Consultancy clients can receive our assistance to have their wills prepared at the notary’s office.
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You should make a Spanish will to dispose of your Spanish assets to avoid time consuming legal problems for your heirs.
To make a Spanish version of your will, it is a good idea to consult a Spanish lawyer or other specialised professional. He or she can advise you regarding this country's strict rules applying to inheritance.
Spaniards are subjected to laws governing compulsory heirs. They have to leave one third to be divided equally among their children, another third is to be left to their children in any division, the last third can be divided as seen fit.
A Notary however is willing (Article 9 of Spanish Civil Code) to register a foreigner's will in accordance with the law of his nationality. However some national laws, England for example, state clearly that foreign (Spanish) assets should be disposed under the law of where the assets are located. In practice this is not a problem and foreign residents can dispose of their assets as they see fit. If you believe your Will might be challenged by your children seek further legal advise and consider transferring the titles before your death.
The process of making a will involves spending time with your lawyer who will write up the document and have it notarised before it is registered in a central will registry in Madrid. This entire process costs well under 200 euros in the case of a simple, straight forward estate.
If you have assets in more than one country, consider having wills in each country to avoid complicated translations, certifications and procedures for your family after your death.
You can also make a secret will and have it's envelope sealed and notarised. These also can be registered in Madrid.
Should someone in your family die without, to your knowledge, leaving a will, you can check with the "Registro Central de Última Voluntad" - or Will registry - in Madrid to see if there is a registration number which could lead you to the notary office where it would be on file.
Handwritten wills are not advisable as they must be certified as authentic before they can be executed
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