Residents of Spain without a Spanish will face intestacy, leaving them without control over their estate distribution. In such a case, The Spanish law of succession will govern your estate, two-thirds of the estate is automatically divided among children or grandchildren, parents or grandparents—excluding the spouse. Securing a Spanish will grants you the power to dictate the fate of your assets, ensuring your wishes are honoured and providing clarity in matters of inheritance.
Since the implementation of the EU regulations on succession in August 2015, foreign residents in Spain have the privilege to exercise choice by incorporating a specific clause into their Spanish will. Remarkably, this option, enabling individuals to tailor their inheritance arrangements, is not extended to native Spaniards.
It’s crucial not to underestimate these benefits available to foreign residents. Ensuring the inclusion of a specific clause in their Spanish will empowers them to exercise choice and shape their inheritance arrangements according to their preferences.
While making a will may seem straightforward, it’s essential to highlight that many wills, drawn up by lawyers and notaries, often fall short due to a lack of understanding of the intricacies of laws, especially those pertaining to the United Kingdom. Inaccurate wording regarding legal nuances and nationality can render these wills vulnerable to contestation. Therefore, meticulous attention to detail is crucial when formulating a will to ensure it accurately reflects the individual’s intentions and withstands potential legal challenges.
Let us facilitate your peace of mind by allowing us to manage the entire process of drafting and arranging for you to sign your will. Spain Info offers this service for a mere €110.00, excluding notary costs. Opting for our streamlined solution helps you avoid potential expenses of up to €500 per person. Secure your will without breaking the bank.
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