Informations Clés
- Spanish Will: Recommended for Spanish assets
- Forced Heirs: 2/3 to children/spouse/parents
- Tax Deadline: 6 months after death
- Madrid: Nearly eliminated inheritance tax
Aperçu
Foreigners with Spanish assets need Spanish wills. Spanish inheritance law limits free disposition—two-thirds must go to forced heirs (children, spouse, parents).
Key Points
- Specify in will that home country law should apply if preferred
- Inheritance tax varies dramatically by autonomous community
- Six months after death to pay tax
- Request extension within first five months if needed
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