Private Property For Sale in the Canary Islands

If you are looking for a property to buy in Los Gigantes, then look no further than Los Gigantes in the South of Tenerife, a great location. Always popular, Los Gigantes is a great place to work,  live,  and play with an abundance of shops, cafes, bars and restaurants!  The recent sponsorship of Carnaval Los Gigantes by Paul Ruane has helped maintain a great future for the Carnaval which is a fabulous experience enjoyed by all the family!

It goes without saying that when looking for property to buy in Los Gigantes, make sure you choose a well established Estate Agent such as Paul Ruane where you know that your investment is being taken care of by professional team who will  look after you and your investment. The staff at Paul Ruane have a wealth of experience in the Spanish property system and will help you with your property purchase from start to finish.

Why not become a fan of Paul Ruane on Facebook as well as following them on Twitter, Flickr and Youtube.

When you buy a property in Spain or own assets in the country, you should seriously consider drawing up a Spanish will. While you are not legally obliged to do so, this will save your heirs a lot of time, headaches and even money, dealing with the additional legal problems that arise when someone dies intestate.

A Spaniard is obliged to leave two thirds of his or her assets to the surviving children. On the other hand, as a foreigner owning property in Spain, you have a right to dispose of your property upon your death in the manner you choose, in accordance with the law in your own country. However, to do this, you will have to have a valid Spanish will. Otherwise, your assets will be disposed of according to the Spanish laws of succession.

Drawing up a Spanish will is a straightforward and relatively inexpensive process done before a Spanish notary, according to the advice of your lawyer, who will assess your specific situation.  Keep in mind that your last will automatically supersedes all previous ones, which are rendered legally null and void.

Whether you choose to have an Open Spanish Will (the most common type where the contents of the will are public), a Closed Will or any other type, your will is registered with the Central Registry of Spanish Wills (Registro Central de Última Voluntad) and is given a certification number. Heirs who are unsure if a Spanish will exists at all, can find out by enquiring with this Registry after 15 days have elapsed from the testator’s death. If a will exists, they will be provided with the certification number, together with the name of the notary who drew up the will and from whom they can obtain a legal copy.

You will find more information on Spanish wills here and a more in-depth discussion of the inheritance laws in Spain and the process of making and executing a Spanish will in this very informative Legal Guide to Spanish wills.