Financial and Property Issues
Need help with your Property issues in Spain?
Property issues in Spain under Family Law involve the division of assets and liabilities following separation or divorce. Under family law, ‘property’ includes a range of things, such as Property can also include: investments, the family business, an entitlement to be paid, superannuation, a pension entitlement, debts and any other liabilities of the relationship.
Superannuation is included in property distribution. However, it is not always treated the same way as other property.
How is property divided?
Property issues in Spain are not just about what you own and owe. It’s about what you’ve contributed. The roles you had during your relationship and the contributions of each partner affects how the property is divided. Also, what each of you is likely to need in the future is taken into account. Determining factors are whether there are any minors, who they will live with, the age, state of health and financial capacity of each spouse.
It is very important to stick to the truth about your earnings when addressing this situation.Failure to do that could lead to transferring a lot more to your former partner as a result.It is important not to spend or conceal large amounts or destroy property in an attempt to reduce the amount your former partner will get. This is likely to fail and may be deducted from the property that you receive in the distribution.
Financial and property tips
Keep as much of the personal property as possible.
The cost of replacing personal property will always exceed its ‘value’ in family law calculations, that is second-hand auction value. For instance, a brand new washing machine that cost you EUR1,500 might be worth EUR500 if you auction it.
It is often advisable to get matters settled as soon as possible following separation – especially if your spouse is feeling responsible for what happened. Equally, be careful of making arrangements when you feel guilty for the breakdown of your relationship.
Get financial advice about how advantageous proposals are. You may really want to keep the family home, but if you don’t earn enough to pay off the mortgage, it may not be feasible for you to do so.
Why choose Martin & Perez for your property issues in Spain?
Martin & Perez offers many benefits to all customers who need help with their property issues in Spain, including over 20 years of experience, a dedicated English speaking team with a wealth of knowledge in law, competitive prices and a hands on approach making sure we always deliver results.
Martin & Perez have spent years, and solved numerous cases gaining the respect and trust of our clients. Whether it’s a business, an individual or any other case, Martin & Perez will always help with your property issues in Spain.
We have built a strong workforce which spans not only multiple disciplines and areas of expertise, but differing backgrounds too, meaning we can support and represent clients from diverse backgrounds. Our Languages allow us to span the globe and ring a fresh perspective to your case.
Our focus here is on ensuring your case runs smoothly, and providing you access to the best legal service possible, each solicitor experienced in their respective field of expertise and accredited by the Law Society. We’re here to fully support you in your legal case and strive to exceed your expectations at every stage.
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To learn more about how an experienced legal representative from our firm can make the law work for you or to discuss your legal questions and concerns, please contact us today. Feel free to call or email us to discuss your case. All consultations are confidential.