Why US Citizens with Spanish assets need a separate Spanish will
Understanding the Importance of a Spanish Will
If you’re a US citizen with assets in Spain, it’s crucial to have a separate Spanish will. This is because Spanish law governs the inheritance of assets located within the country. A US will, while valid in the United States, may not be recognized or enforceable in Spain.
Key Reasons for a Spanish Will:
- Compliance with Spanish Law: A Spanish will ensures that your assets are distributed according to Spanish inheritance laws. This can prevent legal complications and delays in the probate process.
- Protection of Your Beneficiaries: A Spanish will can help protect your beneficiaries’ rights and interests. It can specify how your assets should be divided and who should inherit them.
- Avoid Double Taxation: Having a Spanish will can help you avoid double taxation on your assets. Spanish inheritance laws may have different tax implications than US laws.
- Designation of a Spanish Executor: A Spanish will allows you to appoint a Spanish executor to oversee the administration of your estate in Spain. This can streamline the process and ensure that your wishes are carried out.
Gascon Bernabéu Abogados: Your Trusted Partner for Spanish Wills and Inheritance
At Gascón Bernabéu Abogados, we specialize in providing comprehensive legal services related to wills and inheritance for international clients, including US citizens with assets in Spain.
Our experienced team of attorneys understands the complexities of Spanish inheritance law and can help you create a customized will that meets your specific needs and objectives.
Our Services Include:
- Drafting of Spanish Wills: We will work with you to create a legally sound and comprehensive Spanish will that reflects your wishes and ensures the smooth transfer of your assets.
- Inheritance Planning: Our attorneys can provide expert advice on inheritance planning strategies to help you minimize taxes and protect your assets.
- Estate Administration: We can assist with the administration of your estate in Spain, including probate, asset distribution, and tax matters.
- International Estate Planning: If you have assets in multiple countries, we can help you develop a comprehensive estate plan that addresses the legal and tax implications of your international holdings.
By choosing Gascón Bernabéu Abogados, you can rest assured that your assets in Spain will be protected and your wishes will be carried out according to Spanish law.
Contact us today to schedule a consultation and learn more about our services.
USA clients: +1 646 751 8496
UK clients: +44 (0)203 137 1320
ES: +34 965 020 279
Email: info@gasconbernabeu.com
One of our English speaking lawyers will provide advice specific to your circumstances.
Related Articles
Signing a Power of Attorney to avoid having to travel to Spain to complete legal matters
