New legislation for Spanish wills

[fifi]

Spanish Wills
Article by Abaco Asesores


We have been receiving a number of queries recently about the content of Spanish Wills. There is new legislation from the European Union. Until now it was the inheritance law of nationality that applied. So for example, if you are British your will currently follows British inheritance law. From 2015 the contents of your will shall be determined by the inheritance laws of the country you live in. There will still be an option of choosing your inheritance law of nationality if you prefer, but this will need to be stated on the will itself.

We have been asked if this means that foreigners who have already made a will in Spain will need to make another one. Our inheritance department have advised us that you should not consider making a new will for this reason just yet. There is some uncertainty around the legislation and we are currently checking this with the European Union. We will let you know as soon as we have clarification whether there is any need to make a new will.