On 25 June 2021, the new law 3/2021 of 24 March regulating euthanasia in Spain comes into force in Spain. This law is a very important milestone in our country since from its entry into force, in certain circumstances and under conditions set out in the law (medical supervision and health professionals), one can voluntarily end one’s own life (active euthanasia). Continue reading “LIVING WILLS AND THE RIGHT TO A DIGNIFIED DEATH”
Our Last Will and Testament is the declaration of our final wishes, the document in which we dispose of our assets and settle our affairs so that no-one else can make decisions about them after our death.
The Will avoids family conflicts, potential lawsuits and helps smooth the process for our heirs at notaries, property registries, banks and insurance companies. It is an extremely useful legal tool.Continue reading “WHY SHOULD WE MAKE A WILL?”
Normally spanish Wills are signed before a public notary in Spain, however in the current circumstances and with the severe restrictions on freedom of movement and confinement, notaries can only attend to urgent matters.
The same situation is occurring in most European countries, so what is the solution? Continue reading “3 WAYS TO SIGN YOUR SPANISH WILL OUTSIDE OF SPAIN – PROTECT YOUR PROPERTIES AND INVESTMENTS”
Spain’s autonomous communities have devolved powers to legislate in certain tax matters. In the case we are examining here, that of inheritance and gift tax, the Canaries enjoys certain tax benefits for children and spouses that are greater than in other autonomous communities, specifically:heirs belonging to groups I and II (spouse, parents and children) are granted a 99.9% discount of the tax payable on lifetime gifts (“inter vivos”) provided that the donation is formalized in a notarial deed.
Spouses, descendants and adopted children also enjoy a 95% reduction on the net value of elements of a business or professional activity developed by the donor, provided that a series of requirements are met. Continue reading “INHERITANCE & GIFT TAX UPDATE”