Inheriting property in Spain from Germany or the UK
Will, applicable law and inheritance tax: how to handle an estate with property in Mallorca from abroad.
When property in Mallorca is involved, an international inheritance is far easier to resolve if it has been planned. These are the essentials.
A Spanish will
Making a Spanish will just for your assets on the island speeds up the inheritance and avoids conflicts with your home-country will. It does not revoke the other; they are coordinated.
Which law applies
The EU Succession Regulation lets you choose the law of your nationality. Setting it out in the will gives certainty to your heirs, especially between Spain, Germany and the UK.
Inheritance tax in the Balearics
The Balearics apply significant reliefs among close relatives. We calculate the tax, handle the acceptance and distribution, and coordinate with your adviser in your home country.