Hi there, I wonder if anyone can give me any advice?
My mother and stepfather lived in Spain and owned a flat. My mum died a few years ago and my stepfather died a year or so ago.
Myself and my brother live in England and don't really understand the legal system.
The total inheritance is estimated at 100,000 Euros. The solicitor managed to argue that no inheritance tax was due (I don't know how difficult or not this is to do).
I have just received the invoice from the solicitor.
Professional fees @ 13% of 50% of the value of the estate = 5000 Euros
Notario fees = 800 Euros
Registro fees = 400 Euros
So including IVA it is 7200 Euros
I was initially a bit shocked at the fees and also the fact that I am due to pay them (not from the estate).
Professional fees of 13% of 50% of the estate (or 6.5% of the total estate) seems very excessive.
Could anyone tell me, is this normal for Spain? I just wanted a second opinion as I really don't have a clue.
Thanks in advance for any replies.
Best regards,
Tom
My mother and stepfather lived in Spain and owned a flat. My mum died a few years ago and my stepfather died a year or so ago.
Myself and my brother live in England and don't really understand the legal system.
The total inheritance is estimated at 100,000 Euros. The solicitor managed to argue that no inheritance tax was due (I don't know how difficult or not this is to do).
I have just received the invoice from the solicitor.
Professional fees @ 13% of 50% of the value of the estate = 5000 Euros
Notario fees = 800 Euros
Registro fees = 400 Euros
So including IVA it is 7200 Euros
I was initially a bit shocked at the fees and also the fact that I am due to pay them (not from the estate).
Professional fees of 13% of 50% of the estate (or 6.5% of the total estate) seems very excessive.
Could anyone tell me, is this normal for Spain? I just wanted a second opinion as I really don't have a clue.
Thanks in advance for any replies.
Best regards,
Tom