Making will
Dec 13th 2008 | 8:44 am
#16
BE Forum Addict
Joined: Jul 2006
Posts: 1,389
From: up the mountain near Guadalest
Re: Making will
Hi
Can I make a suggestion? With property prices the way they are, if you are into negative equity or your property gain in price is not much, then why not sell it to the benficiaries. (No money need change hands). That way you do not own the property so no death duties are payable.
I am sure that there will be some caustic comments, but there may well be some good ideas to.
No one has said about the Spanish laws of inheritance, does not the oldest son get the biggest piece of the cake?
Davexf
Can I make a suggestion? With property prices the way they are, if you are into negative equity or your property gain in price is not much, then why not sell it to the benficiaries. (No money need change hands). That way you do not own the property so no death duties are payable.
I am sure that there will be some caustic comments, but there may well be some good ideas to.
No one has said about the Spanish laws of inheritance, does not the oldest son get the biggest piece of the cake?
Davexf
Don't hold me to it but I think the point about the eldest son may be incorrect - I am not sure he get's the lion's share??!!
Dec 14th 2008 | 10:52 pm
#17
Forum Regular
Joined: Oct 2007
Posts: 290
From: Rugby
Re: Making will
At the moment in the office I have at least three cases of where Spanish Wills were not made and one Partner has died and the expense is just awful. Also for those of you THAT ARE NOT MARRIED I know of one person who had been with their Partner for over 30 years but no Will - she cannot even the sell the property because she is only entitled to the half of the property that she owns - there are no heirs on her Partners' side so effectively nothing can be done to help her!!!!:
Whilst visiting and looking at property I have come across several cases where a sale of property has still not taken place after years because of the fact that the surviving spouse/partner wasn't protected. This was before the current problems re dropping property prices etc
It appears to be typical of ex-pats alongside moving over on a whim; hey I want a job as a brickie; to buy a bar although I've never worked in one. Little if no research and the ability to block out any intelligent reply on here if it is seen as negative.
Dec 15th 2008 | 2:38 am
#18
Thread Starter
Forum Regular
Joined: Nov 2008
Posts: 92
Re: Making will
This posting should be a compulsory read for all on this site.
Whilst visiting and looking at property I have come across several cases where a sale of property has still not taken place after years because of the fact that the surviving spouse/partner wasn't protected. This was before the current problems re dropping property prices etc
It appears to be typical of ex-pats alongside moving over on a whim; hey I want a job as a brickie; to buy a bar although I've never worked in one. Little if no research and the ability to block out any intelligent reply on here if it is seen as negative.
Whilst visiting and looking at property I have come across several cases where a sale of property has still not taken place after years because of the fact that the surviving spouse/partner wasn't protected. This was before the current problems re dropping property prices etc
It appears to be typical of ex-pats alongside moving over on a whim; hey I want a job as a brickie; to buy a bar although I've never worked in one. Little if no research and the ability to block out any intelligent reply on here if it is seen as negative.
Derek.
Dec 15th 2008 | 3:09 am
#19
Lost in BE Cyberspace
Joined: Jun 2005
Posts: 6,912
From: Puente Esuri
Re: Making will
Your Spanish will should only cover your assets in Spain. When you get back to UK remember to change you English will to only cover your assets in UK. You might be able to do that with just a codicil.
Dec 15th 2008 | 3:55 am
#20
BE Forum Addict
Joined: Jul 2006
Posts: 1,389
From: up the mountain near Guadalest
Re: Making will
This Will is made for the purpose of dealing with all my Estate in any part of the world other than Spain
I revoke all earlier Wills to the extent that they relate to any part of my estate in any part of the world other than Spain
Hope this helps
