Wills Dead or Alive from EU Insurance

Wills Dead or Alive from EU Insurance

If you own a property in Spain and have other assets in Spain it is an expensive and slow procedure to have your UK will recognised in Spain.  If you die without leaving a Will, then under Spanish Law all assets will be applied under Spanish Law.  This differs from country to country and it may be more beneficial to have your assets dealt with under the laws of your Nationality (i.e UK).    For someone who has property and other assets in the UK this may be beneficial to you (but really important to obtain professional advice first before any changes are made).     

Types of Spanish Wills

Open Will22

This is the normal will most people in Spain adopt.   It has to be made before a Notary who keeps the original document and sends notification of the Will to the Central Registry in Madrid.    The client is given a copy.

Holographic Will

This type of will is handwritten.  It must be signed and dated on each page by the Testator and then verified before a judge.  The Deceased’s closest relatives must verify the deceased’s handwriting and afterwards a Judge will enforce the provisions of the Will

Closed Will

With a Closed Will all details of the Will are kept secret by sealing them in an Envelope.  The Testator declares before a Notary that the will has been declared by the Testator and sealed in the envelope.  Confirmation of whether it has been written by a 3rd party or the Testator and who has signed it.  This is then filed by the Notary and is registered with the Central Registry of Spanish Wills.

Costs:

Depending upon which will you choose and whom you use, costs are as low as 40 euros to over 500 euros.  A simple Open Will can be declared in a local Notary office at a cost of 40 euros per will.

Liberty Funeral Plans:   Cover for a funeral plan with Liberty can be as low as 10 euros a month (depending upon where you live in Spain) and includes a Will (all costs borne by Liberty – plus Notary Costs).   If you haven’t thought about a Funeral Plan yet, it can also sort out your Spanish Will too!

 

LIFE INSURANCE AND HOW TO MINIMISE INHERITANCE TAX ISSUES

Inheritance Tax is an issue which leaves us very confused, but if we own property and assets whether in Spain and/or in the UK professional advice should be sought to minimise the financial damage it can cause to those left behind.   One of the way to minimise IHT is to take out a life insurance policy so that in the event of death the proceeds of a life insurance policy can be paid out and used to settle an Inheritance Tax bill.

Even to have some cover in the event of such a tragedy is important.   Life Insurance in Spain has been seen to be expensive but for 150 euros a year for Death and Disability cover the following benefits are available:-

COST 150 EUROS A YEAR

(CAN BE PAID MONTHLY)             DEATH & DISABILITY COVER

Age 30:  cover of 156,320 euros

Age 40:  cover of 85,079 euros

Age 50:  cover of 33,757 euros

Age 60: cover of 14,124 euros

Age 70:  cover of 11,327 euros

 

For policies with cover up to 60,000 euros, the underwriting process is a very simple questionnaire with only 3 questions, hence the underwriting process is very fast and straightforward.

 

If you require a personal quote do let us know.

 

INHERITANCE TAX – ANDALUCIA IS BECOMING A LOW TAX REGION

ON 11 April 2019 there was a big change on inheritance and gift tax in the Andalucia region of Spain.  Inheritances and gifts between spouses, parents and children will now have a 99% reduction of the total tax payable.

 

The previous 1m deduction per beneficiary also remains so that most taxpayers will not pay any tax at all.

 

For detailed information about the Andalucian tax laws please go onto www.spenceclarke.com.   Well worth a read.  They also have lots of information on other tax issues, general income tax, Capital Gains etc.   Everything is in English on their website.  They post really useful updates too on a regular basis so a helpful and reliable source of information for clients and businesses alike.

 

UPDATE ON NEWS FROM ENERGY NORDIC – EXPANSION INTO BALEARIC ISLANDS

Want to save money on electricity bills, try Energy Nordic, they have now expanded into the Balearic Islands as well as the whole of mainland Spain, their growth over the last year has been huge due to their competitive rates, ease of change of supplier and customer service.   Everything in English too.

Want to see if you can save some money on your electric bills?   Send us your latest bill with contact details and we will ask the question for you, no obligation to change.  Its not often we find a genuine supplier able to save us money on a service we cannot do without.  Simple changeover and no tie in period of contract.  Lots of happy customers with lower bills!

 

CALL EUINSURANCE DIRECT ON 952830843/951080118 OR MOBILE 635592610

SPEAK TO WENDY OR ASHLEY OR EMAIL

info@euinsurancedirect.com

 

WWW.euinsurancedirect.com

Road rules in Spain from EU Insurance Direct

Road rules in Spain from EU Insurance Direct

The Summer is here and not only is the heat rising but so are the amount of hire cars on our Spanish roads and tempers too.   Also on the increase are accidents which over the last few weeks have been many.  It is imperative that you know what to do in the event of a road traffic accident.   

Firstly do you have your car insurance paperwork in the car?  Do you have a Claim form (Blue and Yellow form) which needs to be completed by the roadside (whenever possible) by all involved parties and signed.  What is needed on the claim form:-

Names of Drivers, telephone numbers, Policy number and Insurer details, registration numbers of vehicles, time, date and place accident happened, details of incident indicating damage to vehicles, position on road and what happened.   This should be sent to your insurer within 7 days of the accident who will then advise you  of the next procedure.   If anyone is injured they must take themselves off to the hospital and obtain a medical report (very important not to be left till the next day).   Accidents can be a simple scratch to a total loss so you can help your insurer by making sure you give them all the necessary information to ensure your claim gets dealt with quickly.

English Accident form?   Most insurers provide only the Spanish copy of the Accident Form, you can request a copy in English from EU Insurance Direct by emailing info@euinsurancedirect.com.

What do you need to keep in the car when driving in Spain:-

 

  • 2 x warning Triangles, as well as a spare complete set of spare bulbs, fuses, a spare wheel and the tools to replace them.

 

  • Drivers must wear a hi-visibility Jacket or vest when getting out of their vehicle on intercity roads.

 

  • If you wear glasses, you must keep a spare set in the car

 

  • Car Insurance documents, claim form and pen

 

  • Driving Licence ID and photo ID

 

For any information regarding your Insurance needs in Spain send us an email with your questions or queries and we will be glad to assist you and perhaps save you some money at renewal!!!

EU Insurance Direct has been on the coast for 14 years this August and has offered qualify comprehensive insurance and advice to Ex-pats all over Spain.

CALL EUINSURANCE DIRECT ON 952830843/951080118 OR MOBILE 635592610

WWW.euinsurancedirect.com

 

 

Business 1st Charity Dinner Friday 3rd May 2019

Business 1st Charity Dinner Friday 3rd May 2019

Come and join us for our Annual Charity Dinner, this year in aid of a very worthwhile charity Knitted Knockers www.kkscostadelsol.org  Tickets are available now and must be pre-paid before the event. Sai Indian Restaurant have very kindly given us the restaurant exclusively for the evening which will be a fantastic night of food, drink, music and entertainment, rounded off by a great charity raffle.  If you would like to attend or donate a raffle prize please contact us at info@business1st.es or call on 0034 608 69 10 47

CAN EU INSURANCE DIRECT HELP YOU WITH YOUR INSURANCE NEEDS?

CAN EU INSURANCE DIRECT HELP YOU WITH YOUR INSURANCE NEEDS?

EU Insurance Direct provides Insurance advice for Ex-Pats living in Spain. They can also cover Gibraltar and Portugal as well. EU Insurance has been on the coast since 2005 offering quality covers at competitive rates along with their excellent customer service.

Wendy who owns EU Insurance Direct has a wealth of knowledge in the Insurance Industry as she has worked in the industry since she left school and has over 45 years experience, 14 years of that in Spain. From her first client in September 2005 she now has over 4000 clients.
Based in Elviria, just up from the Town Hall, the office is open Monday through till Friday from 9.30 – 5.30 and Friday till 4.00 pm. Weekends they are closed.

Services include insurance for :-
Cars (exceptional inclusive covers – cheapest rates) * Bikes (various options)*
* Home (Amazing covers inc subsidence and landslip)* Marine *
* Private Health (various budgets and to obtain residency) * *Life *
* Accident Plans (56 euros a year for 15k benefit up to 65 yrs)*
* Funeral Plans (from 120 euros a year) * Pet (medical and liability covers) *
* Travel Insurance (single and annual multi trips) *
* Commercial cover for bars, restaurants*
* liability cover for Sports professionals, Carers, Builders* *Office insurances *

Their aim is to provide a personal friendly service, to give impartial advice and to offer the best products in the marketplace at a competitive cost. They aim to listen to clients needs and quote accordingly. Customer Service is a very strong point of EU Insurance Direct’s ethic . There is nothing worse Wendy says that to purchase a service or product from a company and then when something goes wrong they are not around to help.
Apart from advertising, word of mouth is the best form, possibly the biggest generation of new clients is through referrals, clients who have been happy with the service provided and in the event of a claim, how it was dealt with.

***SPECIAL OFFERS ***
MANY SPECIAL OFFERS ON AT THE MOMENT – PLEASE CALL FOR DETAILS
OFFERS ON CARS, HOME, FUNERAL PLANS AND LIFE UP TO 60 EUROS CASHBACK.*
* Conditions apply

WHY EU INSURANCE DIRECT?
• WE HAVE BEEN IN THE INSURANCE MARKET FOR OVER 45 YEARS
• WE ARE EXPATS, LIKE YOU, LIVING IN A FOREIGN COUNTRY. WE KNOW YOUR INSURANCE NEEDS AND HAVE THE SOLUTIONS FOR THEM
• WE SPEAK THE SAME LANGUAGE
• WE ARE LOCAL AND HAPPY TO ENJOY A ONE TO ONE CHAT WITH YOU TO REVIEW YOUR INSURANCE POLICIES
• WE HAVE A DEDICATED CLAIMS DEPARTMENT TO MAKE IT EASIER FOR YOU IN CASE OF A CLAIM
• WE CAN OFFER YOU ANY INSURANCE POLICY YOU MIGHT NEED, ALL UNDER THE SAME ROOF

If you have a renewal coming up or have just bought a new home or car, give EU Insurance a call and give them the chance to quote, you may be pleasantly surprised, not just at the price but also at how quick, easy and simple they make the whole experience.

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Call them on 952830843/951080118 or mobile/whatsapp 635592610
Alternatively email them on: info@euinsurancedirect.com
www.euinsurancedirect.com

EU Insurance has some great offers!!!

IS YOUR HOME INSURANCE POLICY DUE FOR RENEWAL BEFORE THE END OF JUNE?

WE MAY BE ABLE TO HELP WITH THE MOST COMPETITIVE PREMIUMS FOR BOTH CAR AND HOME WITH CASHBACKS ON OFFER!!!

LIBERTY HOME INSURANCE

• A 10% DISCOUNT FOR LIBERTY CUSTOMERS
• THE MOST COMPREHENSIVE COVER IN THE MARKET
• A 24/7 EMERGENCY HOME ASSISTANCE IN ENGLISH, THROUGH A FREE PHONE NUMBER (NO PREMIUM NUMBER CHARGES)
• EXTENSIVE COVER FOR JEWELLERY, BOTH INSIDE AND OUTSIDE THE HOME
• UNBLOCKING OF PIPES
• COVER FOR GARDEN / TERRACE FURNITURE
• WATER LEAKING IN FACADES
• EXCESS WATER CONSUMPTION
• BROKEN PIPES WITH NO DAMAGES
• ALL RISK ACCIDENTAL DAMAGE FOR BUILDING AND CONTENTS
• SUBSIDENCE
• PUBLIC LIABILITY FOR YOUR PETS, YOUR MOBILITY SCOOTER AND ELECTRICAL BIKES
• SPECIFIC COVER FOR YOUR GUESTS IN CASE OF HOLIDAY RENTALS, INCLUDING PUBLIC LIABLITY
• DIY SERVICE FOR FREE
• HOTEL ACCOMMODATION EXPENSES IN CASE OF A CLAIM
• ALL YOUR INSURANCE DOCUMENTS IN PLAIN ENGLISH

WHY EU INSURANCE DIRECT?

• WE HAVE BEEN IN THE INSURANCE MARKET FOR OVER 20 YEARS
• WE ARE EXPATS, LIKE YOU, LIVING IN A FOREIGN COUNTRY. WE KNOW YOUR INSURANCE NEEDS AND HAVE THE SOLUTIONS FOR THEM
• WE SPEAK THE SAME LANGUAGE
• WE ARE LOCAL AND HAPPY TO ENJOY A ONE TO ONE CHAT WITH YOU TO REVIEW YOUR INSURANCE POLICIES
• WE HAVE A DEDICATED CLAIMS DEPARTMENT TO MAKE IT EASIER FOR YOU IN CASE OF A CLAIM
• WE CAN OFFER YOU ANY INSURANCE POLICY YOU MIGHT NEED, ALL UNDER THE SAME ROOF

FOR ALL YOUR INSURANCE NEEDS UNDER ONE ROOF

EU INSURANCE DIRECT SL
952830843/ 951080118/ 635592610
WWW.euinsurancedirect.com
info@euinsurancedirect.com