Buyers Guide

Page 9

A Spanish will: I would strongly advise you to make a Spanish will, cost approx 180 euro. Property in Spain is subject to Spanish laws above foreign wills. Talk to your lawyer about the differences between what you can will in your own country as opposed to here.

Inheritance Tax: Ask your lawyer or tax consultant about inheritance tax and how to minimize it. Get advise before you decide in whos name or names the property is to be registered in, especially if you are in your Golden Years.
If you are non resident you should also make provision to pay inheritance tax on the property [or 50% of the property] that you inherit as this can be a shock for a poor widow or widower.

Common Sense: As is true anywhere be very careful if you pay any deposits or sign anything without first clearing it with your lawyer, if you do not feel happy, walk away.

• It does not matter what any agent or salesman may say, do not allow yourself to be pressured, go away think about it and if you are still interested talk to your lawyer. Some agencies employ "closers" who are very skillful in applying such pressure.
  
• Do not sign any contract or agreement with an agent, ask for any such contracts to be sent to your abogado.
  
• Take your time, there are always alternatives.
  
• Never allow yourself to be pressured or rushed.
  
• Always consult your lawyer first

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