Last Will In Spanish With English
Description
How to fill out Ultima Voluntad Y Testamento - Last Will And Testament?
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FAQ
In Spanish, 'last will and testament' is translated as 'testamento final'. This phrase encapsulates the essence of the document, which governs the distribution of assets after someone passes away. Including a last will in Spanish with English serves to assist those who might be more comfortable in either language.
Spanish Inheritance Tax & Wills Spanish Wills and Inheritance Tax are both important considerations if you have Spanish property and/ or investments. It is normally recommended that you draft a Spanish Will to cover assets located in Spain and a foreign Will to cover any assets in other countries.
Your last will and testament is a legal written document that specifies where and to whom you wish your property and possessions ? known as your 'estate' ? to be distributed in the event of your death. At least one executor must be appointed in your will, who is responsible for managing your estate to its conclusion.
If you have never made a will in Spain before . Solicitors fee 200 euro plus V.A.T each will and notary fee aprox. 60 euro each will. This fee will be slightly more if your assets in Spain are worth more than 500.000 euro or you require complex clauses.
To make a will in Spain you must be over 14 years old, have your wishes in writing and it must be signed and certified before a 'notary'. It will then be registered at the central registry in Madrid, known as 'Registro General de Actos de Ultima Voluntad' (Central Registry of Wills).