Charitable Will

ISABIAL recommends that you seek information and reflect on the option that best suits you. It is important that our decisions reflect our true wishes so that we feel comfortable with what we have decided. ISABIAL can advise you on this matter.

Once you have made your decision, you must schedule an appointment with a notary to draft the will. The usual cost of this procedure ranges between 50 and 70 euros.

Once reviewed and after including ISABIAL’s correct details, you must sign it. At the notary’s office, you may request a copy of your will to keep it in a safe place.

To facilitate the process, we recommend that you inform us of your decision in favour of ISABIAL and send us a simple copy so that we can have it available when the time comes. ISABIAL, of course, guarantees full confidentiality throughout the entire process.

To facilitate the process, we recommend that you inform us of your decision in favour of ISABIAL and send us a simple copy so that we can have it available when the time comes. ISABIAL, of course, guarantees full confidentiality throughout the entire process.

It is the allocation to a specific individual or legal entity of one or several assets (real estate, vehicles, works of art, jewellery, etc.), services, debt collections, a percentage of the estate, or specific defined rights.

These assets, known as “bequests”, are separated from the estate and are not subject to distribution among the heirs. A bequest can only be granted through a will and must be expressly stated, with one limitation: it may not, under any circumstances, infringe upon the legitimate share of the compulsory heirs.

Yes. As established by law, you may use the “freely disposable third” of the estate for this purpose. With the exception of the cases regulated under regional civil laws, whenever there are descendants (children, grandchildren, etc.) with inheritance rights, the law provides that the estate is divided into three parts:

1. The legitimate third: This portion must be divided equally among the children. If any of them has passed away, their descendants inherit in their place, in equal shares, by right of representation. The testator (the person making the will) cannot freely dispose of this portion, even if they wish to do so.

2. The improved third: The testator has a certain degree of discretion when allocating this portion. It must be distributed among the children and descendants, but not necessarily in equal shares; some may be favoured over others.

3. The freely disposable third: The testator may leave this portion to whomever they choose, regardless of whether the beneficiary is a family member or not (including legal entities). The testator has complete freedom over this part and may designate multiple recipients.

They are the individuals whom the law recognizes as having the right to inherit at least a portion of the legitimate estate.

Compulsory heirs are, first, the children (whether biological or adopted, marital or non‑marital) and their descendants (grandchildren, etc.).

In their absence, the parents and other ascendants are considered compulsory heirs.

The surviving spouse will inherit as provided by law. If no compulsory heirs exist, the entire estate may be freely disposed of.

Yes. A will is a personal document that reflects the testator’s wishes, and therefore it can be changed as many times as you wish. There are no legal limits on the number of changes, nor do you need to justify them to anyone. You only need to contact your notary and execute a new will. The most recent will is the one that will have legal validity.

Depending on your situation and personal circumstances, you can include ISABIAL in your will in different ways. These include:

• You may leave ISABIAL a bequest, meaning a specific asset. This may be a fixed sum of money, a percentage of the total value of your estate, a real estate property, or movable assets such as works of art, antiques, jewellery, etc.
• If you wish to leave your assets to more than one person or institution, you may name ISABIAL as a co‑heir. In this case, you would specify the percentage assigned to each party.
• Name ISABIAL as universal heir, specifying in your will that all your assets, rights and shares are to be transferred to ISABIAL.

When the time comes, the notary’s office where the will was executed must notify ISABIAL.

Although the notary will inform ISABIAL, it would greatly help us to organize and manage your decision in the best possible way if you could notify us in advance through:

Phone: 965 913 948 or 965 913 925
Email: acuerdos@isabial.es

This allows us to advise you and keep you informed about ISABIAL’s news and events.

The provisions established by law will apply, and heirs will be designated according to kinship criteria.

In the absence of legal heirs, the State will become the heir.

Yes. It is sufficient to inform your insurance company and designate ISABIAL as the beneficiary. As with the case of a will, we kindly ask you to notify us so we can manage the situation in the best possible way.