Basically, the last processes are very similar to that of a sale with the difference that when there are current accounts, deposits, etc. It is necessary to take all the documentation to the bank or banks. Their legal department will carry out the relevant checks of the documents and if all is in order, release the funds.

We then prepare and pay the inheritance tax (IS), notify the City Council and settle the Tax on the Increase in the Value of Urban Land (IIVTNU) and present the deed to the Land Registry .
We make the change of owner in the cadastre (register) so that the Real Estate Tax (IBI) details are changed to those of the new owner.

Where there are ongoing payments to be made (IBI and Utility Bills) we will set up Direct Debits in your Bank Account so that the transfer is as seamless as possible for you.

One of the first concerns when someone dies is related to the situation with the Bank Account. In general, there is fear that banks will block their accounts and it is true, sometimes they do. This is possible because when a bank knows about the death of a client, it is obliged to hold on to the funds until the Inheritance Deed is granted. This applies even when there is no tax to be paid.

Regarding this situation you need to know the following:

  • If the account or current accounts are in co-ownership, this block can ONLY be made over 50% of the balance at the date of death. You can withdraw 50% of that balance, it is normal to do so and open a new account.
  • Banks often try to block 100%. The easiest way to rectify this is to Call us, it's usually the most direct way to act.
  • If this is not possible, talk to the director, ask for his or her name and file a report at the Police Station or the Civil Guard for attempted misappropriation.
  • The block that is carried out does not affect direct debit payments. Water, electricity, telephone, taxes that are charged to the current account will continue to be taken care of by the bank.