This power of attorney must be provided with the Apostille of The Hague, so that the power of attorney can be validly used in Spain.
By means of this power of attorney, we can apply for the NIE numbers for the heirs. This is a Spanish tax identification number for foreigners that every person who acquires a property in Spain (purchase, estate, donation) must have.
When we have made the valuation of the real estate based on the fiscal data and are in possession of the balance certificates of the banks, we can make an initial calculation of the inheritance tax. Each region has its own exemptions.
We will then proceed to draw up the notarial deed of acceptance of inheritance in consultation with the Spanish notary.
After the heirs have agreed on the contents of the deed, the deed will be signed by one of our lawyers.
After the deed of acceptance of inheritance has been executed, we will declare inheritance tax in Madrid for the non-residents in Spain and the deed will then be entered in the respective property register in the name of the heirs. We will also contact the utility companies; administrations of communities of owners, local tax authorities, etc. to transfer existing taxes and contracts to one of the heirs.
However, due to the new SEPA scheme, in most cases it is not required that the heirs open a bank account in Spain, however advisable nevertheless.
After the deed has been executed, we can also, if desired, release the balance of the funds in the Spanish bank account of the deceased and close it.
For more questions, we are of course at your disposal