Inheritance and Wills License: Secure Your Legacy
When it comes to securing your legacy and ensuring that your assets and property are passed on to your loved ones according to your wishes, it is essential to have an Inheritance and Wills license. This license gives you peace of mind, knowing that your wishes will be honored and that your loved ones will be taken care of even after you’re gone.
What is an Inheritance and Wills License?
An Inheritance and Wills license is a legal authorization that allows you to create a will and plan for the distribution of your assets after you pass away. The license is issued by the government and is subject to regulations and restrictions. It gives you the power to control how your assets will be distributed, and it ensures that your wishes are honored and followed.
Why do I need an Inheritance and Wills License?
Having an Inheritance and Wills license is essential if you want to ensure that your assets and property are passed on to your loved ones according to your wishes. Without a will, the distribution of your assets will be determined by the government, which may not align with your wishes. With a will, you have control over how your assets will be distributed, and you can specify who will receive what.
Why do I need an Inheritance and Wills License?
The process of obtaining an Inheritance and Wills license varies from place to place, but it typically involves the following steps:
- Research the requirements for obtaining an Inheritance and Wills license in your area.
- Consult with a lawyer to draft your will and ensure that it meets the legal requirements.
- File the will with the government and pay the required fee.
- Wait for the approval or rejection of the will. If approved, you will be issued an Inheritance and Wills license.
Expert Layers
Expert lawyers in real estate transactions
Lawyers Specialized
Buying and selling real estate in Spain
Specializing in the legal aspects
Sales and Acquisitions of Real Estate & Lease Agreements
Contact Now
FAQs
What does a real estate lawyer do?
Real estate lawyers know how to, and are legally authorized to, prepare and review documents and contracts related to the sale and purchase of a home. In some cases, a real estate attorney is also the person who’ll be in charge of your closing.
Do you need a lawyer to buy a house in Spain?
If you’re buying a property in Spain it’s crucial that you instruct an independent Spanish lawyer early in the buying process to ensure that your interests are protected. You’re chosen lawyer should: Be independent –This means your lawyer is not linked in any way to the vendor or estate agent.
How much are solicitors fees for buying a house in Spain?
Legal costs may vary depending on the property you are buying. As a general rule, they may be around 1% plus VAT of the property price, with a minimum price in the case of small value properties. Your lawyer will ask you to sign a Spanish power of attorney to assist with the whole transaction
Can you use the same solicitor to buy and sell a property?
Yes, of course! In Spain – barring any conflict of interest – the Lawyers’ Deontological Code does allow one lawyer to act for two parties, under the following terms: Art. 13.4: The Lawyer cannot act for two parties with conflicting interests
Do I need a Spanish bank account to buy a property in Spain?
The funds for the purchase of any property in Spain need not come from a Spanish bank account, although that is certainly the most sensible way to proceed. What is important is that the source of the funds is clear and that the payment of the funds from buyer to seller is apparent from documentation provided.
Property lawyers: Main services around the buying and selling a property in Spain for Expats
Buying and selling a property in Spain implies the development of certain activities and tasks that you should not neglect and that you should pay attention to in order to avoid future displeasures.
Advice during the whole process of buying and selling:
A lawyer for real estate transactions will allow you to know in depth all the important information about the property. There are data that are important such as the land registry, the land registry, or information about the status of the property in relation to taxes or legal situation.
Real estate transactions in Spain should be carried out considering that all documentation is correct and in accordance with the law.
Tax planning:
Another area where lawyers for real estate transaction can help you is about taxes. In any real estate transaction it is necessary to pay certain taxes and a specialized lawyer will be able to advise you on the best way to do the transaction so that the payment of taxes is as low as possible.
Elaboration or revision of contracts
The contract of sale of a property can be a long document with a lot of specialized information. In many cases it is complicated to understand well all the concepts that are included in it.
Lawyer for buying and selling real estate in Spain will be able to analyze all the clauses of the contract to give you the necessary information and detect any irregularity or any situation that may give rise to complications in the operation.
Preparation of the documentation
An important aspect that can involve having a lawyer specialized in real estate transactions is the access to the consultation of the documentation of the property itself.
There are procedures that specialized lawyers can carry out in a simpler and more direct way and will save you time and effort. In addition, a lawyer can know if the documents are correct and are made according to the regulations, saving you also problems in the future.
Among the documentation that you have to have present at the time of making the sale is a simple note in the land registry where you can see information on whether the property has charges or encumbrances or if there are any limitations on the property.
The land registry is another aspect to consult before buying a property. Therefore, the lawyer will be able to consult if the data of the cadastre coincide with the data of the purchase-sale and if everything is properly registered.
If the cadastre data are adequate, the value of the mortgage can be established properly and according to reality. If there is no proper agreement between buyer and seller, the lawyer will alert you and advise you of the adjustments that are necessary.
Legal and Tax Representation
Among the services offered by a lawyer is the legal and fiscal representation of the parties involved before the administration for the processing of all types of taxes and legal documentation.
Undoubtedly, to have a specialized lawyer is fundamental in any sale and purchase process if you want it to develop normally.
Procedures with the administration
A lawyer can also help in all the managements with the public administration. In this way, among the services that they can offer you is to carry out all the formalities so that you do not have to worry.
When problems arise in the process of buying and selling real estate, it is important to have a specialized lawyer who can solve them. In this way, having these professionals will allow you to have the peace of mind that all the problems that may arise can be solved.
See our blog
Tourist rental licences in Spain: What you need to know
If you're considering entering the world of property rentals for tourists in Spain, it's crucial to understand the intricate landscape of tourist rental licences. This comprehensive guide aims to provide you with a comprehensive understanding of the legal requisites,...
A comprehensive guide to buying and selling property in Spain
Spain, a nation of rich history, diverse landscapes, and a vibrant lifestyle, has always been a prime destination for property enthusiasts. Whether you're a first-time buyer or an experienced seller, the Spanish real estate market offers a plethora of opportunities....
What is the Golden Visa?
Spain, with its captivating blend of cultures, traditions, and landscapes, has always been a beacon for global explorers. For those who wish to intertwine their destinies with this Iberian nation on a more permanent basis, the Spanish Golden Visa beckons. Let's delve...
What is nie in spain?
The NIE, "Número de Identificación de Extranjero", is a fundamental identification number for foreigners in Spain. It's not just a number; it's a key that unlocks numerous doors for those looking to integrate into Spanish society, whether temporarily or permanently....
How much is non resident property tax in spain
Owning property in Spain as a non-resident comes with its own set of tax implications. One of the key taxes that non-residents need to be aware of is the Non-Resident Property Tax. This tax is a crucial part of Spain's tax system, and understanding it is essential for...
How to get a Golden Visa in Spain
The Spanish Golden Visa is a golden ticket for non-EU investors seeking to enjoy the benefits of living in Spain while making a significant investment in the country's economy. This program, launched in 2013, has attracted thousands of investors thanks to its...
How to get your NIE number in Spain
When planning to move to Spain, one of the first things you'll need to do is apply for your NIE number. The NIE (Número de Identificación de Extranjero) is a unique identification number assigned to non-residents in Spain. It's essential for many activities, such as...
The Top Reasons to Hire a Lawyer for Your Spanish Inheritance and Wills
Navigating the legal labyrinth of Spanish inheritance and wills can be a daunting endeavor. Regardless of your expertise in real estate or familiarity with Spanish law, the complexity and subtleties of inheritance legislation can leave anyone perplexed. As a result,...
How to File Your Property Taxes in Spain: Deadlines and Documents Required
Filing property taxes in Spain is a crucial responsibility for property owners. Understanding the deadlines and documents required is essential to ensure compliance with tax regulations. In this comprehensive guide, we will walk you through the process of filing your...
How to Calculate Your Non-Resident Property Tax in Spain: A Step-by-Step Guide
Owning a property in Spain as a non-resident comes with certain tax obligations. One of the key responsibilities is the payment of non-resident property tax. Calculating this tax can be a complex task, but with the right guidance, it becomes much more manageable. In...
IF YOU NEED MORE INFORMATION, DON’T HESITATE TO CALL US
