Signing a Spanish Will

Описание: In this video, you can find out what is required for signing a Spanish will. For further advice, and for details on the Spanish inheritance law, we invite you to read this extensive article: https://www.lawyersspain.eu/inheritan....



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Signing a Spanish Will
A presentation brought to you by LawyersSpain.eu



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Types of Wills
The Spanish law prescribes 3 types of wills:
open;
closed;
holographic.



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Who Can Sign a Will?
A will in Spain can be signed by Spanish citizens and foreigners.



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However, foreigners can sign a will in Spain only when they own assets located in this country.



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Legislation
Spanish wills can be drafted and signed in accordance with the rules of the European Union's Regulation 650/2012.




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Witnesses
When drafting a will, it is necessary to have 2 or 3 witnesses, depending on the type of will signed.



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Holographic Will
However, in the case of a holographic will the individual does not need to have any witnesses.



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Inheritance
Individuals can inherit various assets of the person who signed a will, in accordance with the provisions mentioned in the document.



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Inheritance Tax
Depending on the nature of the inheritance, heirs may need to pay inheritance tax (for assets such as real estate).




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This tax must be paid by heirs who are Spanish residents. They also need to pay it as foreigners, as long as the assets are located in Spain.



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Thank You for Your Attention!
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