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Our lawyers have many years of practice and an in-depth understanding of the legal requirements and also, of the property market and financial aspects of property investment. We offer a professional and straightforward approach towards matters in hands.
PROBATE AND WILLS
When you purchase a property in Portugal in your own name, it is strongly recommended you prepare a will for your Portuguese assets since it makes the process much easier for whoever will inherit the property.- This does not affect your will in your country of domicile but the costs of having it recognized in Portugal will be far greater than making a Portuguese Will.
- The common type of will is signed at a Notary, in a presence of two witnesses, and is strictly private and confidential.
- Furthermore, as an incentive for residents and non-residents, the Inheritance Tax has been abolished for spouse, children or parents inheriting property.)
Our fees will include: - • Will preparation;
- • Providing an interpreter;
- • Providing 2 necessary witnesses;
- • Trips to the notary;
- • Translation of the Portuguese version into English.
Whenever death of whom has property rights in Portugal occurs, it is necessary to notify the Tax Authorities as well as present a list of the assets.- Proceedings in order to transfer the ownership to the heirs will have to take place.
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