inheritance

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16 Jan 2013 3:11 PM by joan1 Star rating. 97 posts Send private message

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Dear Maria,

Can you tell me what happens if my husband and I died, and our property hadn't been paid for what would happen.

Our Sons are in our wills in Spain and we have a mortgage here, if they couldn't afford the property, would they have to sell any property they inherited in England to cover it, and if the bank took it back would they be liable for any fees to the Bank.

Also what happens if children don't have the money to pay inheritance tax, i hear its quite high amount.

I appreciate your help





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17 Jan 2013 6:05 PM by mariadecastro Star rating in Algeciras (Cadiz). 9413 posts Send private message

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 Joan:

It would depends on your nationality, place of  last residency and type of assets you have.This would determine rules of inheritance applicable to your inheritance



_______________________

Maria L. de Castro, JD, MA

Lawyer

Director www.costaluzlawyers.es

El blog de Maria



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