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Spain forumsWills, probate, IHT




 

 

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Friday, August 31, 2007

mariadecastro
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What about a thread on these subjects?

M



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31 Aug 2007 12:41 AM

Pat and Roy
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A really brilliant idea Maria, specially with all the information you give us.    Pat

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31 Aug 2007 12:51 AM

morerosado
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Great to have a thread just for these. We've certainly discussed inheritance tax & wills in threads but to try & keep them to one thread with you, Maria, as our guide, would be so much better.  

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31 Aug 2007 8:17 AM

mariadecastro
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ready to go.

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31 Aug 2007 7:25 PM

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Hi Maria, someone once told me that if either myself or my hubby dies our Spanish joint account will be frozen until things are sorted ( we are both residents ) Is this so ?   Many thanks,Karen

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31 Aug 2007 7:46 PM

mariadecastro
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Hi Maria, someone once told me that if either myself or my hubby dies our Spanish joint account will be frozen until things are sorted ( we are both residents ) Is this so ?  Correct.

M.




This message was last edited by mariadecastro on 8/31/2007.
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31 Aug 2007 9:10 PM

morerosado
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Hola Maria, is it the same for non residents then &, if so, how are people expected to pay for a funeral & other things which still need paying such as Direct Debits, community charges, electric, water etc, if we have no access to joint funds. Can see this getting interesting, although I would not wish to ask certain questions on a public forum.  




This message was last edited by morerosado on 8/31/2007.
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01 Sep 2007 12:35 AM

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If you are non resident, better make a spanish will which will be covering your spanish assets. In any case, the bank will not allow anybody to operate the bank account till the probate is finished.

Funeral: the majority of people in Spain have an insurance to cover death expenses.

General supplies: It can be paid out of a different bank account till the IHT is paid. It can take a couple of days as you will be just making a list of goods to pay the tax. That will enable the survivor to operate the joint bank account.



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01 Sep 2007 1:08 AM

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Thank you, Maria. I have sent you a PM.


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01 Sep 2007 2:21 AM

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10 Sep 2007 3:06 PM

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Hi Maria

Please could you give a rough estimate of how much a lawer will charge to draw up a will in Spain? I am talking about a basic will for a married couple to cover the property.

Thanks.





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10 Sep 2007 6:14 PM

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If my memory serves me right, I think we paid about 90€ including Notary fees (for both). If it's a simple straightforward will, you can probably skip the lawyer and get it done at the Notary directly. Not certain of this though.........

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10 Sep 2007 11:49 PM

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I need to chek it in the Bar association´s fee scale  which stablishes minimums for feeing that lawyers can increase freely. 

A good revision by a lawyer is always advisable. If you find a good Notary who speaks English, that can be enough for a simple will but  nothing  like a good lawyer to take care of all the ingredients.

Yes, I know I am a lawyer. That is my opinion anyhow.

 



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11 Sep 2007 12:28 AM

Roberto
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"Yes, I know I am a lawyer. That is my opinion anyhow."     Nice one, Maria!!!!!

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