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.
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.
Let’s say, for the sake of argument, that you have signed a long-term contract.
On 15 October 2014 the First Chamber of the Supreme Court issued Judgment 591/2014 in which the change of jurisprudential trend initiated by Judgment 333/2014 of 30 June 2014, in the interpretation of the rebus sic stantibus clause, came to fruition.
Last March 15, the state of alarm came into force in Spain for a period of 15 days, this exceptional situation would therefore end at the close of March 29 but an extension was decreed for another 15 days, therefore the period of confinement throughout national territory was extended to at least April 12. Doubts arise about how to act in such exceptional circumstances. Many non-resident foreign owners and investors in Spain are now wondering how to protect their investments, properties and businesses in Spain. What are the most effective measures to control and protect your assets, interests and ongoing business from abroad.