Is it possible to put a Spanish property in Trust?
Many would say that this is impossible. HOWEVER that is not entirely correct.
It is the case that Spanish law does not directly recognise the UK / US form of trusteeship. HOWEVER, it is a well established feature of Spanish estate planning that life interests can be created (also in Wills) to assist in tax planning and mitigating tax exposure. Also, there are some very specific structures which can be created to include Spanish properties in either quasi- trust or full trust arrangements. This is a fairly advanced area of estate planning, and would not ordinarily be viable in relation to ‘routine’ situations of Spanish property ownership.
At Legal4 Spain, it is essential that clients are advised on their specific situation. We look at each client case on its individual merits and propose the documentation or structure which we feel best fits the objectives of the individual client, in the most cost effective way.
Leave a Reply
You must be logged in to post a comment.
