The value of the family patrimony is established on the basis of fair market value. However, certain deductions are allowed. Since the calculation of these deductions can sometimes be complex, it is best to consult the appropriate legal specialist.
When it comes to the family patrimony, it is highly advisable to consult a notary if:
- You are planning to get married or enter into a civil union, in order to establish the value of the property you own at the time of marriage. The notary can establish a list that will then be included in a notarial act, like an inventory or a marriage contract.
- You are already married or in a civil union, in order to have the notary explain what the family patrimony consists of. If necessary, you can make changes to your will based on this information about your family patrimony.