There are many reasons for looking at a Will, whether to write a new one, or to review one. Not only in these very difficult times with covid-19 in mind but generally. Family Reasons Some family reasons for writing a Will could be the birth of a child or of grandchildren or nephews and nieces. Alternatively an adoption in the… Read more »
Now is the time to look at gifting a Property in Spain to Children.
Many will not be aware that a new government of the region of Valencia started ruling in the Autumn of last year and they suggested they are going to erase all the allowances for gifting and probates. This will mean a lot of people will pay considerably more inheritance or gifting tax in the future. We are trying to arrange as… Read more »
Bank won’t release funds after someone dies
The bank won’t release funds after someone dies. This situation can be so frustrating. After a parent or member of the family dies, you go to the Spanish bank, show them the death certificate. And they still will notunblock the account or release funds. Why the Bank will not release funds? It doesn’t matter whether the assets of the deceased… Read more »
Do you need and how to make a Spanish Will?
Anyone who has assets in Spain, in the form of property, bank accounts or any asset, should make a Will detailing exactly what they wish to happen in the event of death. Do you know how to make a Spanish Will? Otherwise, your beneficiaries will struggle with a lengthy and expensive process of getting their inheritance in Spain and the… Read more »
Legal help in Pilar de La Horadada.
October 1st 2020. Update on Pilar de La Horadada office: Unfortunately, we have decided to listen to our own advice and the office in Pilar De La Horadada will not reopen until Easter 2021. We are still very much available to help our clients with legal help, property advice, tax-efficient plans etc. from our La Zenia office and we can,… Read more »
Donation Taxes – How to Save Inheritance Tax
Over the past months, we have written many times about transferring property in Spain from parent’s names to that of your children as a donation, or early inheritance. A number of people in the last year have donated their properties to their adult children, as the tax allowances in the Valencia region are currently very generous at 100,000€ tax free… Read more »
Does Spanish Solutions have a lawyer?
Clients often ask us who is the lawyer in Spanish Solutions. We had this question only this week. In fact we have two. Many of our existing clients know that Spanish Solutions has been associated with Pedro Molina and Molina Solicitors for over a decade now. In fact, we are very proud to be so closely tied to them as… Read more »
Changes to UK Probates From April 2019
A number of important changes are happening with Probate in the UK. Because of this, we must emphasise that ALL Brits with assets in Spain should make a Spanish Will. That could be just a bank account, a car, or definitely when property is involved. Firstly, fees are going to change for UK Probates (Only England and Wales, Scotland and… Read more »
Act Now to Save Inheritance Taxes
People are asking for clarity on the donation tax and inheritance tax rules and why they should act now! Brexit is coming. Absolutely nobody can predict how the landscape will look in the future, but what we know for sure is: A property owner in some regions of Spain can donate their home to a family member for as little… Read more »
How to be prepared for an Inheritance Process
Also other Important Interesting Points (Inheritance and Property Ownership.) We recently had a case whereby a gentleman came to us for help with completing an inheritance from his wife to him, after she had passed away in Spain. There was just a bank account. When we asked him if his wife had any other assets in Spain to take into consideration,… Read more »