QUESTION ON SPANISH INHERITANCE:
“How long will it take and how much will it cost to make my will?
“I have a property together with my wife in Spain 50 % each. How long will it take and how much will it cost to change the title deeds to my wife’s name before I die?”
Please, be informed that the costs to make a Spanish uses to be around 150-200 EUR each. With this fee, notary, translation and legal fees should be included.
To make a Spanish will, the only we need is the testator to come to the notary to sign the Spanish Will, that we will elaborate and left ready to be signed at the Spanish notary. He/She would need to bring the notary the original passports and NIE number.
In relation to pass the property to the wife/husband, the expenses must be studied with the particular case, but to you to have an idea:
– 1,5 % of the share to pass to the other part as Stamp Duty
– Notary + Lan Registry = 1.200 EUR approx.
– 3% of the share to pass to the other part as Capital Gains retention
– Legal Fees = 900 EUR + VAT
Please, do not hesitate to contact us for any help you may need from us in this special case. We will be delighted to help you.