POSTED Spanish Will Tips

4 Things to Know about Spanish Wills

Draft a Spanish will for your Spanish assets

Keep your will up to date

Be aware of Spanish obligatory heirs

Name a life insurance beneficiary

Make a Spanish will for your Spanish assets

Your assets in Spain are determined under Spanish law so require a Spanish will. Without one, your successors will have to deal with an unknown legal system in a foreign language as assets are distributed according to Spanish law, rather than your wishes. Save your family time, money and stress by drawing up a Spanish will.

For help drafting a Spanish will, contact Gandia Lawyers

Keep your will up to date

Name a life insurance beneficiary

Once you have a Spanish will, you should also periodically make sure it is up to date with any changes in Spanish law. (For example, there have been recent changes to how inheritance tax works, and some wills may not align with these changes) . Simply check back in with the lawyer that drew up your will to inquire about any updates that may be needed, or contact us and we will help draw up a new will.

Ensure that there is be a named beneficiary on any life insurance policy.

Contact Gandia Lawyers for more advice.

Beware of obligatory heirs

Spanish inheritance includes a system of obligatory heirs. This means that often all children and grandchildren can make claims against a will, which can cause many problems. However, this can be avoided when drafting the will with the appropriate wording. Bring this up with your lawyer in the drafting process to make sure you are covered.

Gandia Lawyers can ensure that your Spanish will avoids this common trap.

Contact us for advice.