Weekender Alicante North Issue 106

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22 FRIDAY 30TH AUGUST 2019 www.weekender.news Business & Money Do you need a Spanish will? IT’S a subject that no-one likes talking about – but it is a conversation that everyone needs to have. Have you got your affairs in order if anything should happen to you? Estimates vary, but it is generally agreed that around two thirds of British people do not have a will. And if a British national who owns assets in Spain dies without a will, matters can – and do - become rather complicated. The Spanish legal system is very different when it comes to the inheritance procedure compared to other countries like the UK. It is also worth noting that Spanish inheritance law also varies from region to region. Legal experts at Sun Lawyers, a Spanish law firm with more than 30 years of experience and several offices across the Costa Blanca, say that makes it vital to get the right advice. Its spokesman says: “You really must have a Spanish will if you have property or any other assets over here. “We recently got a letter from a gentleman about the sad story of his wife passing away and she had not made a Spanish will involving her property in this country. “That has sadly seen extra stress for him at a time when he does not need it, and it has also cost him thousands of euros to sort everything out.” Having a Spanish will ensures that the inheritance procedure is straightforward and less costly. EU citizens living in Spain, as well as a number of non-EU countries, can now choose whether the law of their home country or their country of residence applies. If a foreign resident dies without leaving a will or making an official declaration on which law they wish to apply, the law of the country where they resided for the last five years will apply. If your estate is dealt with under Spanish inheritance law, forced heirship rules apply - known as the Law of Obligatory Heirs in Spain. This means there are restrictions on how you distribute your estate, as a certain percentage needs to be set aside for certain relatives. If you die without leaving a Spanish will, the laws of intestate succession apply. In Spanish succession law, this means that the estate will be inherited by the following - taking into account the Law of Obligatory Heirs: • children of the deceased • if there are no children, the parents • if no children or parents, the surviving spouse • if there are none of these, then the next closest blood relatives (up to a fourth-grade limit in the family tree) • if there are no legal beneficiaries from any of these groups, then the Spanish state inherits the estate! Making a Spanish will can also help sort out what levels of inheritance tax are likely to be paid. The rules and Spanish inheritance tax rates vary according to the relationship between the donor and beneficiary, although generally unmarried couples and step-children pay more tax than spouses and natural children. For more information call Sun Lawyers on (0034) 965 321 193 or email us at admin@sun-lawyers.com SAVE 10% Register as a client before October for any legal requirements and a 10% reduction will be applied www.sun-lawyers.com +34 965 321 193
Facebook: @The<strong>Weekender</strong>Spain FRIDAY 30TH AUGUST 2019 23 Home&Garden Keeping your pool tip top Design, construction, installation, modernisation and salt Sponsored By Sandquist FROM their initial contact your swimming pool is designed to your requirements. The specification is a construction of Vaso Ceramica with reinforced iron mesh. Compressed concrete is applied to the sides and floor by a compressor. This is a wet mix of concrete. The building, as standard, has a stone white top layer to the pool. The interior finish has a choice of colours with a marble tile (Gresitie) with a centre border to the top. They will install the pump filter system with an option of salt or chlorine for the correct water treatment. The options that we offer are internal lights, roman steps and external showers which will give a complete swimming pool. Should you require any further construction work, for example terracing, walling, bbq’s, summer kitchens or even pergolas then all of these extras can be incorporated at the same time. All the construction work carries a 10 year guarantee. Also for the convenience of all their clients they will obtain all the necessary permissions and licences from the local authorities. For your piece of mind they ensure that all of thier contracts carry a commencement and completion date which becomes part of the contract and agreement. Over 18 Years Experience on the Costa Blanca
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Weekender Alicante North Issue 106

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