US Trust Beneficiaries and Spanish Inheritance: Your City Guide

Are you based in the United States with a trust interest that includes Spanish assets? Find your city guide below — specific advice on AEAT treatment, Spanish ISD, Modelo 720 and US reporting obligations for trust beneficiaries across 40 US cities.

The core issue: Spain does not recognise trusts as legal entities. The AEAT treats trust assets as owned directly by the settlor or beneficiary. Whether you hold a UK discretionary trust, a US Revocable Living Trust or an offshore trust with Spanish property, you likely have Spanish tax obligations — even if you have never lived in Spain.
📄

Modelo 720

Spanish tax residents must declare foreign trust interests over €50,000. Post-ECJ reform but sanctions still significant.

💰

ISD on Distributions

Trust distributions to Spanish-resident beneficiaries trigger Spanish ISD — either as succession or donation depending on timing.

🇺🇸

IRS Obligations

Form 3520, FBAR and FATCA obligations layer on top of Spanish obligations. Coordination is essential.

⏱️

6-Month Deadline

Spanish ISD must be filed within 6 months of the settlor's death — regardless of when the trust actually distributes.

40 US City Guides: Trust Beneficiaries and Spanish Law

Start With These Resources

The Comprehensive Beneficiary Guide

DGT rulings, TEAC decisions, Supreme Court case law, Modelo 720 and a complete action plan.

Read the guide →

Trust Assets and Spanish ISD

How ISD is calculated on trust distributions — with worked examples for Andalucía and Cataluña.

Read the guide →

FBAR, FATCA and Form 3520

US IRS reporting obligations when inheriting Spanish accounts and assets — penalties and how to comply.

Read the guide →
Free Consultation 💬 WhatsApp Us

Dedicated Advice for US Trust Beneficiaries with Spanish Connections

We advise trust beneficiaries, settlors and trustees across all 50 states on their Spanish tax and legal obligations. Contact us for a free initial consultation.