Hi there... I believe that a Spanish Lawyer posts to this so I have a question. What's the situation if either the husband or wife of a married coup whose have a joint Spanish mortgage were to die - as regards the property left behind? I have heard that if they DO NOT have a will made then the property automatically transfers to the kids and that there are HUGE costs involved. Is this correct?
Would it not be the same as an Irish will where, if it's in joint names, and one of the two die then the property automatically transfers 100% to the suriving partner's name?
I would appreciate any advices.
Thanks