How to manage your inheritance quickly and easily?

In general, people find it difficult to make future projections and long-term decisions today, as the uncertainty of events makes us uncomfortable. Planning our inheritance involves even more resistance, since it means thinking about a situation we'd rather consider as far off as possible.

What we often fail to realize is the crucial importance of carrying out this process as soon as possible, as it will benefit both ourselves and our loved ones. This process will allow us to organize our assets and finances realistically, always according to our preferences and needs. Because if we don't plan the transfer of our property, the law will decide for us, which could even lead to unwanted family conflicts, in addition to unnecessary expenses.

Similarly, when inheriting from a deceased person, the process is often perceived as bureaucratic, which translates into time and paperwork. Both can be a major headache for those without legal experience or who have never dealt with a similar situation.

In this post we explain how to process an inheritance and what is needed.

Many people die without a will, which complicates the process.

In that case, it is necessary to:

Declaration of heirs (€200–400, depending on the notary).
Death certificate (Civil Registry).
Certificate of last will and testament, which indicates whether or not a will exists.

If there is a will, this document shows which is the last one granted and before which notary, allowing us to verify if we are heirs.

An inventory of the estate must be prepared:

Assets: real estate, bank accounts…
Liabilities: debts of the deceased.

With this information, we decide whether to accept or renounce the inheritance .

If accepted, the partitioning process begins.

⚠️ This phase is usually the most delicate because conflicts can arise between heirs.

Inheritance and Gift Tax (ISyD):
-Tax the increase in assets received.
-Prescription expires after 4 years.
-Must be paid within 6 months (extendable for another 6 months).

Municipal Capital Gains Tax (IIVTNU):
-It applies when inheriting a home.
-It is the responsibility of the city council and varies according to local regulations.

From All4Flat we present Joan , a lawyer with more than 10 years of experience in inheritances, successions, forced heirship and real estate law.

Joan's empathetic, approachable, and dedicated nature will make you feel supported every step of the way. She will ensure the process is smooth, safe, and hassle-free .