
We offer services related to wills and probate . We are a team of professional lawyers and we always advise our clients whom own properties in Spain to grant a Spanish will before a public notary, so that you can ensure that everything is duly organized and controlled when the time comes to process an inheritance.
By granting the will, the probate process is not only cheaper and quicker than when a will has not been granted, but also, with the granting of the Spanish will you can ensure that your estate is distributed in the most tax-efficient way.
In the probate process, heirs will be charged with inheritance tax according to the value of the assets they inherit. In order to calculate the amount of inheritance tax due, the degree of kinship will also be relevant, as will the previous patrimony of the heir.
The inheritance tax rate goes from 7.65% to 36.5% of the value of the assets inherited; the more value the inherited assets have, the more taxes are due. Bearing in mind the above, it is essential to plan accordingly to ensure the Spanish will is granted in the most tax-efficient way, reducing taxation as much as possible, or even avoiding the payment of inheritance tax, when possible.
Depending on your case, after considering and studying in detail the different alternatives you have, we will advise you on the best way to grant your will. For more information, please contact us.