The Primary Justification for Creating a Spanish will
If you write a
Spanish will, you can be certain that your final wishes will be carried out
clearly and precisely. This is due to
the fact that you will sign a Spanish will in front of a notary public in Spain
as well as one in any other nation. The
Notary notifies the Registry of Last Wills in Madrid of the signing date and
location if you sign the will in Spain.
In order for the will to be registered if it is signed somewhere else,
the notarized copy needs to be forwarded to the Madrid Registry of Last
Wills. The original is then returned to
you; however, if you sign the will in front of a Spanish notary, the original
is kept by the notary.
In order to
administer your estate and have the assets transferred into your beneficiary
name, the beneficiary of your estate who own property or have other assets
located in Spain must obtain a Certificate of Last Will from the Registry of
Last Wills. The date and location of the
Spanish will,
together with whether it was made in Spain or, if registered as previously
said, somewhere else, will all be included in that certificate. If you have a Spanish will prepared and
signed by a Spanish Notary, a certified copy will be available to one of the
beneficiaries. It will be quite evident
what your goals were when you produced it, since it was written in Spanis with
the intention of being read and understood by the Spanish authorities. Moreover, there's no possibility of it
getting lost or damaged.
What risks
come with not creating a Spanish will?
If you decide
not to write a Spanish will and instead rely on a will prepared in accordance
with the laws of another jurisdiction, the person in charge of managing your
Spanish estate will need to appoint someone who is sufficiently qualified or
has experience handling cross-border estates.
Many Spanish attorneys could take on these issues even though they have
little to no prior expertise with them.
Many of them have little to no experience with cross-border estates,
thus they will be dependent on the Spanish Notary to give them advise. There's a good probability that managing your
estate will be overly complicated and time-consuming.
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