Inheritance in Spain

What is the so-called legitimate inheritance in spain?

What is the so-called legitimate inheritance in spain?

It is the share of the inheritance upon which the testor may not decide freely. It is one third of the total inheritance and it is intended for the closest family members. The inheritance is divided into three parts: Legitimate (Legítima) Improvement (Mejora) Free...
What is guardianship and who can be a guardian?

What is guardianship and who can be a guardian?

Definition and cases for guardianship It is the authority conferred to someone to take care of a person (the ward) and their property in the absence of their parents. The guardian has duties which are always exercised for the benefit of the ward. Who can be subject to...
Acceptin an inheritance – Risks, timeline and costs

Acceptin an inheritance – Risks, timeline and costs

Be cautious and seek quality professional advice before accepting an inheritance. There currently are many families who have no option but to disclaim an inheritance as a result of the financial crisis (mainly). It has also been reported that the acceptance of...
Distribution of an inheritance among siblings. How is it made?

Distribution of an inheritance among siblings. How is it made?

When a deceased person leaves children, the descendant line of succession of heirs of the body opens (i.e., their universal heirs will be their children). In the event that there are several children and there is no will, siblings will inherit equally. Remember that...
Fin out how inheritance may affect your tax return

Fin out how inheritance may affect your tax return

After the sorrow of losing a family member, the paperwork involved in the inheritance process becomes a new difficult moment for the heir. Among the most frequently asked questions, heirs often wonder how to declare inheritance in the tax return. How is inheritance...

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