Wills In Spain
The importance of including a trust in a will is for asset protection and to mitigate for inheritance tax. A trust has to have 'three certainties'; it has to have a subject, be clear that it is a trust, and list the beneficiaries precisely.
Drawing up a will in Spain
If you are a foreigner with property or other assets in Spain, you should make a Spanish Will disposing of them. The making of a testament will help avoid time-consuming and legal problems for your heirs.
The Spanish testament should clearly state that it disposes only of your assets in Spain. Another Will outside of Spain should be drawn up for assets outside of this country and should clearly state that it disposes only of the assets in the country where it is drawn up.Spanish law requires that two-thirds of an estate must go to the children, as compulsory heirs. However, as a foreigner, this law does not apply to you and you will be able to leave your estate to the person of your choice. You will not be exempt from paying the inheritance taxes.
When you have a Will in Spain as well as one outside of Spain, the disposal of any assets here will be governed by your own national law and not that of Spain. But you also have to declare in the Spanish Will that your own country's inheritance law is governed by the principle of free disposition of property by testament.
Property in Trusts
Property can be left to a trust but if that property is to be shared then there are many aspects you'll need to consider.
Only through experience will you know what they are and as we have that experience we can guide you through each aspect and help you make the most our of leaving property in a trust.
What We Can Do
When you ask Peter Male for discretionary trusts advice, we consider your individual needs. If you buy without advice you have less protection if the policy turns out to be unsuitable.
Financial Advice
Everyone's circumstance is different and off the shelf financial products may not cater for your personal needs; but with the right financial advice from a qualified and experienced financial advisor we can help you weigh up your options and execute your wishes.
Reviews & Checks
Life changes. For this reason, whether business or personal, a review of your financial present and future, can increase financial health and your peace of mind. Moreover, you need your money to work for you and that's our job. A quick chat on the phone is all that's needed.
Free Consultation
In the interest of the environment we like to determine your needs over the phone or email, and your free consultation can start from there. If we need to visit and need a few hours with you then we'll let you know if there are any fees. But we do offer the first hour for free.
Investments
All clients of Peter Male are seen as long-term clients and as such our relationships with all our investor clients are financially intimate. Moreover, liking each other is part of trusting each other so we nurture all clients at a pace that suits their pace and our approach.
Quick Links to Financial Solutions
Our Spanish Office
Peter Male Financial Planning has been operating from Benalmadena Pueblo, Malaga since 2002 and with agents in Spain and Introducers in the UK we offer more flexibility.
© 2011 |