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.

 

 

Comments

Post a Comment

Popular posts from this blog

How to Receive a Spanish Pension: A Comprehensive Guide

  Introduction Receiving a pension in Spain can be a valuable source of financial security during your retirement years. The Spanish pension system is designed to support individuals who have contributed to it during their working lives. This article will guide you through the process of receiving a Spanish pension, covering eligibility, application procedures, and important considerations. How to Determine Your Eligibility Meeting the Contribution Requirements To be eligible for a Spanish pension, you must have contributed to the Spanish social security system or a private pension plan. The specific requirements can vary, but in general, you need to have made a minimum number of contributions and accumulated a certain number of years in the system. Your eligibility is determined by your work history and the type of pension you are applying for, whether it's a retirement, disability, or survivor's pension. Age and Retirement Pensions The age at which you can start r
Read more

Why Find will Spain will be Needed

Image
  The certificate of last Will that we must get will serve as confirmation of a person's authorisation of his Find will spain as well as the Notary Public before whom it was executed. Therefore, the first step we must take is to formally certify the death using the original death certificate. Where can we obtain such a certificate? The Civil Registry that issued the deceased's death certificate can readily provide you with this certificate. In order to file for the deed of last will in Spain, you must also submit a copy of the death certificate to the notary and make some administrative payments at the appropriate bank. Recently, these costs were raised to approximately three euros and seventy cents. Form 790, which is accessible at the provincial branch of the tax office, must also be completed. With this documents and evidence of fee payment, you can apply for the Certificate of Last Will and determine if the dead authorized a will or not. If a last Will was executed i
Read more

Navigating the Non-Lucrative Visa Application Process in Spain

  Introduction: Spain, with its rich culture, picturesque landscapes, and a high standard of living, is an attractive destination for people seeking a change of scenery. For those who wish to reside in Spain without engaging in paid work, the non-lucrative visa is a popular choice. In this article, we will explore how to apply for a non-lucrative visa in Spain, and what you need to know to make the process smoother. How to Get   a Non-Lucrative Visa Application Help : Gather Required Documents: The first step in applying for a non-lucrative visa is gathering all the necessary documents. These typically include a valid passport, a completed visa application form, proof of sufficient financial means, proof of accommodation, and a clean criminal record certificate. Ensure all your documents are up to date and in compliance with Spanish visa regulations. Proof of Financial Means: To qualify for a non-lucrative visa, you must demonstrate that you have a steady income or substant
Read more