Wills & Inheritance
Malaga Law Solicitors has gained substantial experience in dealing with all aspects of wills and inheritance and is regularly instructed by UK and Irish solicitors on such matters.
Malaga Law Solicitors is able to offer advice in the following areas:-
- Drafting wills
- Revocation of wills
- Inheritance tax planning
- Administration of estates including realisation and distribution of assets
- Contentious matters involving disputed or defective wills
- Intestacy
Malaga Law Solicitors is uniquely positioned with its UK and Irish qualified personnel to be able to offer comprehensive advice on all aspects of Spanish probate and to communicate clearly with clients existing UK/Irish legal and tax advisors thus ensuring all probate and inheritance tax planning is seamless.
Foreign wills
Although foreign wills are recognised in Spain it is always advisable that clients draw up a separate Spanish will in respect of assets based in Spain. The main advantage being that the Spanish estate can then be administered quickly and cost effectively.
Inheritance Tax
Inheritance tax is payable if either the inheritor (i.e. the recipient or heir) is a resident of Spain or if the asset passing on death is located in Spain.
t is important to note in Spain there is no exemption between a husband and wife and where both are resident of Spain then the surviving spouse is fully liable to inheritance tax on the worldwide assets of the deceased spouse.
