How will new EU Inheritance Regulations, coming into force in August 2015, affect expats in Spain?
The EU Successions Regulation 650/2012 will come into force on the 17th August 2015. This EU Regulation is not applicable in the United Kingdom but is applicable in Spain and the rest of the EU for British citizens. Therefore, in case you have assets in the UK and/or in any other EU jurisdiction you need to be well advised of the practical implications this legislative development can have on your succession.
After EU Regulation is introduced, being an expatriate in Spain and owning property in Spain, but without a valid will (English or Spanish) covering the assets located in Spain, will be a situation of legal uncertainty and concern for all parties involved.