Page 23 - A guide to buying a new property in the Balearic Islands

A Guide to buying
Balearicislands
new property in the

Wills and Estate Planning
11.

Jointly owned property does not pass automatically to the survivor. The

“share” in the property will pass in accordance to any instructions that may

have been left in a Will. If there is no Will, then the property passes in

accordance with the rules of intestacy. For this reasons it is a good idea to

make a Spanish Will.

It is not compulsory to have a Spanish Will, however, making one should

make the probate formalities in Spain simpler and faster.

In most cases it is possible for a person who is not resident in Spain to

dispose of property situated in Spain through a Will prepared in accordance

with the law of their home country. However this can lead to complications

and further expense in the administration of the Estate.

Further information on making wills in Spain can be provided on request.

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