You want the business to pass to your children without conflict
«I want the business to pass to my children without conflict.»
An inheritance is best arranged during your lifetime, while you can still decide who receives what, when and at what cost. Waiting usually costs more and leaves the family with decisions that were never theirs to make.
What to decide first
- What you want to pass on now and what you would rather keep.
- Whether a succession pact, a gift or waiting makes more sense, depending on the asset and the autonomous community.
- How the family business can pass on without losing the tax relief it qualifies for.
- Who will run the business and manage the wealth when you are gone, and under what rules.
- What happens to assets you hold outside Spain, or to children who live in another country.
How we work on it
We map what you own and who should receive each part. We compare the options (succession pact, gift, will) with their real tax cost, and get everything signed: deeds, wills coordinated across countries and, where there is a business, a family protocol.
Mistakes we often see
- Giving away an asset that has risen sharply in value without knowing it can trigger tax for the person giving it.
- Losing the family business relief because its conditions were not met on the day it mattered.
- Wills from different countries that contradict each other.
Frequently asked questions
What is a succession pact?
An agreement made during your lifetime that brings the inheritance forward, available under the civil law of some Spanish regions such as Catalonia. Used well, it lets you pass on assets that have risen sharply in value at a lower cost than a gift.
Can I leave the business to my children without them paying much tax?
If the company meets the conditions for a family business, the law provides substantial reductions. The key is to check in good time that those conditions are met.
