Our main objective is to provide a comprehensive legal service as well as offering security and guarantee the investments of the client in the Canary island territory.
To ensure English clients interests, we are well versed in Spanish law, and on the other hand, we can rely on a solid network of legal partners knowledgeable in English law.
You should be aware that as a result of Brexit, the consequences for UK nationals are decisive if you have assets or property in Spain, as well as if you wish to invest in Spain.
A pragmatic approach in accordance with national legislation will provide confidence and security for assets held abroad. At TENERIFE WILLS Solicitors, English speaking lawyers based in Tenerife,
Solicitors serving the English speaking international community across the Canary Islands.
Our firm works with Spanish and British clients and with businesses and individuals from many other countries
It is not compulsory, but for a non resident who owns a property or has any assets in Spain it is highly recommended to make a Will in Spain.
It is recommended for two reasons:
- To avoid unnecessary paperwork and expensive legal costs in your country and in Spain.
- If you do not make a Spanish Will your assets can be disposed of under Spanish Law.
A Spanish Will only affects your assets located in Spain.
No, it is important to have a Spanish Will in the Canary Islands for the second reason indicated above.
Making a Spanish Will does not have any legal or tax consequence as a taxpayer, because it is an act of last testament, the only cost will be legal fees for making the Will.
Yes, indeed. If you inherit any assets in Spain there is a legal obligation to pay inheritance tax. In some regions this tax subsidised or is very low, depending on the region where the asset is located.
To save time and money, you should go to a Spanish Lawyer who specialises in Wills.
They can contact your lawyer or there is a public register of Wills.