IPTW’s wealth and estate planning services are invaluable for individuals with assets in Spain or those looking to buy property in Spain. Whether residents or non-residents, our services safeguard assets within a robust legal framework, employing proven strategies and practical solutions for long-term security.
Wealth enhancement and asset protection solutions are not exclusively for the very wealthy. IPTW’s strategies are designed to be cost-effective and tax-efficient, tailored to achieve their intended purpose.
Our strategies for wealth management and passing assets to future generations typically focus on:
These strategies require foresight and careful planning. They must be implemented before any threats, events, or claims on your assets occur—and ideally, before the asset is even purchased, such as when buying property in Spain or other high-value investments.
Asset protection involves the legal safeguarding of part or all of an individual’s wealth from potential threats. These risks may arise from people, entities, or institutions aiming to claim, seize, or tax these assets in various ways.
An effective approach to asset protection involves identifying potential risks, considering the events that might trigger those risks, assessing their likelihood and impact, and implementing strategies to shield assets from harm. This process prioritises the most probable and financially significant threats.
Common threats include business creditors, ex-spouses, the ex-spouses of your children, unintended inheritors, tax authorities, lawsuits, and damage claims. However, upon closer consideration, it becomes clear that there are countless scenarios in which individuals or institutions could legally separate you from your hard-earned wealth. Proactive planning is essential to mitigate these risks and ensure your assets remain secure, particularly when investing in high-value opportunities such as buying property in Spain.
Tax is often the starting point for financial planning. While unavoidable taxes such as capital gains or income tax may be relatively fair, certain taxes in Spain disproportionately affect foreigners. These include succession tax and wealth tax, which can unintentionally penalise non-residents. We carefully consider all potential risks to a family’s wealth, including the direct and extended family situation, as well as the inheritance wishes of the ultimate owners—who are often unaware of Spain’s forced inheritance rules.
Our detailed PDF provides a comprehensive guide to gift and succession tax, wealth tax, liabilities and responsibilities, deductions, and exemptions. It also addresses topics such as disabilities, successors, new legislative updates, tax rates, domiciles, trusts, foundations, funds, and other asset structures.
The IPTW senior team includes accredited Chartered Accountants (recognised in both England and Spain). Through our partnership with the Willwriters’ Association, we review the current asset structures of both resident and non-resident property owners in Spain. We offer bespoke solutions for effective planning, whether for new property purchases, retrofitting existing assets, or ensuring compliance with Spain’s tax laws.
IPTW provides trusted guidance through our team of fully trained professionals, helping you navigate the complexities of preparing and formalising a will for your overseas assets. Whether you are a Spaniard, a national from another EU country, or a citizen of a common law country (such as the UK, Ireland, USA, Australia, New Zealand, India, or Canada) who owns property in the European Union, the preparation of your will and the fulfilment of your inheritance wishes will differ significantly.
Our bilingual will-writing and tax professionals bring over 20 years of experience managing the complexities of Common (English) and Civil Code (Spanish) law. They have worked extensively with Spanish notaries, court officials, and legal processes to ensure seamless outcomes for our clients.
This deep understanding, coupled with a thorough analysis of the Hague and Brussels IV directives, has positioned IPTW as a leader in identifying the significant impact of Brussels IV on non-resident property owners. We also recognise the inadequacies of many existing inheritance provisions and the unfortunate prevalence of incorrect local advice.
A poorly drafted Spanish will is likely to be invalid under Brussels IV, particularly in the context of BREXIT, while an improperly prepared English will can become practically unexecutable. Now is the time to read our detailed Inheritance PDF and take advantage of our free will review service.
IPTW’s Spanish Inheritance Review explains the impact of Brussels IV on expats and property owners in Spain. It simplifies your options for protecting your inheritance wishes and safeguarding your loved ones. With a step-by-step guide to the most appropriate solutions for your circumstances, or through personalised advice from our team, we ensure peace of mind for you and your family.
Our detailed PDF provides a comprehensive guide to Gift and Succession Tax, Wealth Tax, liabilities and responsibilities, deductions, and exemptions.
The IPTW senior team includes accredited Chartered Accountants, recognised in both England and Spain. Through our partnership with the Will Writers’ Association, we review the current asset structures of both resident and non-resident property owners in Spain. We offer bespoke solutions for sound financial planning, new property purchases, and retrofitting strategies for existing assets.