Spanish probate and administering an estate or receiving an inheritance in Spain can be doubly difficult in cases where the deceased died without leaving a will. It can be incredibly daunting to approach the problem and many people have problems knowing where to start.
At E&G Solicitors in Spain we have been advising clients in relation to all aspects of inheritance in Spain for over 17 years. We have advised clients inheriting all manner of assets across Spain, from Alicante to Zaragoza and almost everywhere in between.
Our team of professionals is dedicated to making your experience of inheriting assets in Spain as stress free as possible. You can meet the team here.
How long does probate take in Spain?
What does Spanish probate actually mean?
What happens to my property in Spain if I die?
In relation to the administration of Spanish estates, the work that we carry out in each matter and the fees and disbursements that we charge vary considerably. We will be happy to provide you with an estimate of our fees and disbursements if you contact us.
By way of example, the following work to be undertaken in respect of the administration of a Spanish estate, whereby there is a sole beneficiary named in a Spanish will and the Spanish estate comprises one Spanish property and one Spanish bank account:
Applying for a certificate of last will in Spain
Obtaining formal authority from you to administer the estate
Applying to the Notary for a copy of the last Spanish will
Obtaining a valuation of the Spanish property
Communicating with the Spanish bank
Preparing the acceptance of inheritance documentation
Attending at the Notary’s office to sign the documentation accepting the inheritance
Preparing documentation to submit to the Spanish Tax Agency and paying any taxes on your behalf
Obtaining the release of funds from the Spanish bank account
Registering the property in your name
Transferring to you the funds received from the bank account
The likely fee in relation to an estate of that description would be £3,500 to £4,000 plus VAT and disbursements.
The disbursements will include inheritance tax, which must be calculated on a case by case basis, in addition to the following:
Notary’s fee of approximately €950 to €1,000
Property registry fee of approximately €500 to €550
Miscellaneous costs of approximately €400
The administration of an estate of the type described above may take two to four months to complete, or more if complexities arise.
Either Josep Grau or Jonathan Eshkeri will have conduct of the matter. They may delegate elements of the matter to colleagues, who have considerable experience of the administration of Spanish estates.