Estates, Successions, and Patrimony
Are you considering making a will? Do you have any issues with your will or that of a family member? Are you set to inherit assets in Spain? You're unsure where to begin and want to learn more.
At Delaguía&Luzón, we are experts in estates, and we can assist you in three key aspects.
First and foremost, it's important to remember that when we talk about inheritances, we're talking about legacies. An inheritance can lead to a range of financial issues, whether it involves the loss or gain of assets. These issues can arise concerning will drafting, the distribution of the estate among heirs, and associated debts.
For all these reasons, you can turn to us to ensure that your inheritance is passed on as smoothly as possible.
1 - Advice and preparation for will drafting and succession agreements in Spain.
- Drafting wills in accordance with international inheritance law.
- Coordination of wills abroad.
- Legal advice for notary signing.
- Legal guidance among heirs.
2 - Legal and tax advice on inheritance and donations. Personalized study of your situation:
- Definition of assets and debts that form part of the estate.
- Management of the desired objective with tax optimization.
- Fiscal quantification of viable solutions and selection of the best tax and legal option.
- Quantification and valuation of assets within the estate of each referenced legacy.
- Calculation of the inheritance share of each heir.
- Analysis and study of applicable tax benefits.
- Examination of potential tax implications of the succession operation in relation to other taxes (personal income tax) or non-resident tax.
- Drafting of legal transactional agreements to optimize taxation of the transaction and preserve property access in the property registry.
- Drafting of estate distribution documents.
- Liquidation and submission of taxes resulting from signed deeds. Completion of forms 650/600 to be submitted to local or national tax authorities.
- Submission to the Property Registry for property registration.
- Submission of documentation to the municipalities for calculating capital gains resulting from declared inheritances.
3 - Acting as a legal representative in Spain before tax and civil authorities
- Blocked inheritance
- Advice in case of renunciation of inheritance
In general, we are competent in the following areas:
- Tax optimization
- Asset optimization
Feel free to contact Félix de la Guía if you have any questions in this area.