Changes to Spanish Wills There has been quite a bit of publicity recently about the need to change our Spanish Wills. Is there any need to panic? The answer is that there is no need to panic but it is necessary to review your current Will (or lack of one) in the light of your Continue reading…
Modelo 720 – Assets Located Outside of Spain
The Spanish Government introduced a Law (7/2012) to fight and prevent fraud; therefore, all personal or company residents in Spain are under an obligation to submit information regarding assets outside of Spain by means of declaration form 720 which has to be submitted by the 31st of March 2015 and has to be completed by Continue reading…
What is the importance of granting a Power of Attorney?
What is the importance of granting a Power of Attorney? It enables you to give to the person you choose, authority to make decisions or take necessary actions on your behalf at times when you are not able to do this. There could be many reasons; you become unwell and have to go to Continue reading…
Making a Will
Making a Will ensures that your worldly goods go to the people you want to inherit. A Will for each country where you have assets with each Will stating that it does not affect the other(s), is what we always strongly advise, rather than a “worldwide Will”. In your Spanish Will, you can include your Continue reading…
Usufruct – what is it and what are the rights and obligations of the usufruct holder?
Usufruct comes from the Latin meaning to enjoy the use of something. In the context of Spanish property, it is possible for a person to be given the usufruct of the property, meaning the right of lifetime use, whilst another person owns the bare legal property or “nuda propiedad”. This is frequently seen in Spanish Continue reading…
Prenuptial Agreements set become legally binding in England and Wales
Prenuptial agreements may no longer be the preserve of the rich and famous when a new draft law comes into force in England and Wales. Currently, a prenuptial agreement, in which a couple state who is to receive what assets if they divorce in the future, is only legally binding if it is fair to Continue reading…
Traffic Accidents and Road Traffic
With the arrival of the summer, there is a substantial rise of the number of people on the roads and consequently, an increase in the number of traffic accidents; so, do you know your rights? In accordance with the law of public liability and motor vehicle road safety, every person who owns a vehicle / Continue reading…
7 Items you should keep with your Wills
Your executor, or whoever is dealing with your estate, will thank you for leaving all important information together in one place so as to avoid having to go through endless files and envelopes of paperwork. 1. A list of all bank accounts, no matter how little is in the account. It is helpful for those Continue reading…