Legal tip 282. Inheritance and wills in Spain for dummies, III
Friday, May 28, 2010 @ 9:01 AM
You can either specify particular properties o assets to be attributed to certain person/s or just make general statements on who are your heirs.
When you attribute a good to a specific person, this is called a “legacy” and the beneficiary is a " legatee". These legacies also need to respect the legal portions of legal heirs.
You can also designate one or more persons to deal with the inheritance: an executor.
It is also possible to appoint guardians when there are minor children, for the case if both parents are missing.
The will is always revocable, meaning that you can always change it. It does not impede you to sell your assets as the will have no legal effects till you die
More on next Monday!
Have a great weekend
Maria
Tarifa ( Europe) with Tanger ( Africa) in the horizon by Chodaboy at Flickr.com