The New EU Regulation

.-An International Inheritance is one with a foreign connection. Therefore the inheritance of Spanish assets from non Spanish citizens or Spanish citizens abroad is an international inheritance.

.-Which law rules an International Inheritance? That stated by the conflict of laws rules within the Private International Law

.-Private International Law will state when a Spanish authority has the jurisdiction and, once it is established that Jurisdiction falls on a Spanish Authority, which will be the applicable law for the succession. Inheritance Tax has its own rules.

.-Preparing an Inheritance that will be or become International requires precise estate planning.

.-If the inheritance was opened before 17/8/2015 or after, without proper estate planning, one must be aware that some new and old problems can arise through EU and non EU laws being in conflict, “renvoi” or different legislations in Spain ( of interest mainly for professionals)

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