What happens to your Spanish home and assets when you die? Is a Belgian or Dutch will sufficient, or do you need a Spanish will to protect your heirs?
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In this episode, An-Sofie and Glenn discuss the many misunderstandings surrounding Spanish inheritance law and explain why a Spanish will is often not a luxury.
In this episode, you will discover:
- Why Belgian/Dutch inheritance law is so different from Spanish inheritance law.
- How the European Succession Regulation (Brussels IV) determines which law applies.
- Why a choice of law in your will can be essential, especially for residents in Spain.
- The consequences of the Spanish "legítima" and the limited protection of the surviving partner.
- How a Spanish will avoids expensive translations, red tape and wasted time.
- The importance of the six-month deadline for Spanish inheritance tax and how to avoid penalties.
- The crucial differences in inheritance tax between regions such as Andalusia, Catalonia and the Balearic Islands.
- What it means for your heirs if there is only a Belgian will - or none at all.
For whom.
- Belgians and Dutch with a (second) home in Spain.
- Future residents in Spain.
- Anyone who wants to avoid getting their heirs into an administrative and tax nightmare.
Main takeaway:
👉 A Spanish will with a clear choice of law can help your heirs time, money and stress save money.
