In our daily life it is very important to know basic legal terms related to transactions and situations that sooner or later we are going to have to find.
For them we offer this legal dictionary with frequently used terms and what is important to know.

We appreciate the advice of the following entities in the preparation of this dictionary

Notary Bosch-Bages of Barcelona. 20 years of experience

Bosch-Bages Notaris
Passeig de Gracia, 32 08007 Barcelona
Telephone: ?+34 93 487 18 08
reception@notariaboschbages.com

BCA Legal solutions. Lawyers in Barcelona. John Bosch

BCA Legal Solutions
Galileu, 177-179 08224 Terrassa
Phone: 937 332 614
assemp@assempbcn.com

Legal Dictionary

-Everyone- Documents (3) Family Business (1) Family (3) Inheritances (12) Mortgage (2) Laws (2) Notary (2) notary public faith (1) Organisms (2) Testament (1)
intestate - inheritance acceptance - Minutes of demonstrations - Legal act - Tax Agency - Attorney - notary fees - Leases - marriage settlement - MARRIAGE CONTRACT: - marriage chapters - get married before a notary - relic flow - Civil Code - Traffic Code and Road Safety - Purchase and Sale - Certified, second copies and others - company bylaws - Constitution, modification and termination of horizontal division - Regulatory agreement abroad - Spouses - Cooperatives - Bank credit - Declaration of intestate heirs - Declaration of heirs of distant relatives - Statement of Beneficial Ownership - Dissolution, liquidation and extinction of companies - Divorce notarized - Advance directives document - Donations - The mortgage tax - The notary in a mortgage loan - emancipations - General Statute of the Legal Profession - factoring, confirming - Reliable - Inheritances - Mortgages - Lease-back and rent-back - Leasing, renting - legitimate in Catalonia - Legitimation of signature placed in the presence of the notary - legitimize - Mortgage law - Weddings - Statutory modifications - notary - Notary and mortgages - Succession agreements - couples in fact - swaps - Disabled people - Pledges - banking power - mercantile power - power of attorney - power of attorney - Credit and loan policies - Why choose a notary before signing a mortgage - lender and borrower - Intellectual property - FAMILY BUSINESS PROTOCOL - what is the mortgage tax - Waiver of inheritance for debts with Social Security - Resignations - Occupational hazard - notarial seal - Solvency - intestate succession - Will - Living will - Arbitration Court of Catalonia - Supreme Court -

intestate

Term meaning "without will"...
An intestacy heir is the person who, since there is no heir named in the will, is so by law. In order to become an intestate heir, it is necessary to file a declaration of intestate heirs, an action that can be notarial or judicial, depending on the relationship with the person who has left the inheritance. The declaration of intestate heirs of the ascendants, descendants and the spouse can be made before a Notary Public, without needing to go to Court for it.

FAQs

Interrogatory: A relative has just passed away and has not left a will. What do I have to do? Answer: The first thing you would need to do is request the death certificate of the deceased person. Next, you should go to the general registry of acts of last will to obtain the certificates of last wills, and depending on the degree of kinship, you will have to appear before a notary or before the Court to make the declaration of heirs.


inheritance acceptance

Act where the heir accepts the inheritance, including assets, rights and debts

Minutes of demonstrations

Documents that collect statements made in front of a notary

Legal act

Action that is done consciously and voluntarily in order to determine legal links between various persons or entities to create, modify or extinguish certain rights of the same.

Tax Agency

State Tax Administration Agency (AEAT) entity of the General State Administration that manages the tax and customs system....
La AEAT It also manages the resources of other Administrations and Public Entities, national or of the European Union, whose management is entrusted to it. It has an armed police force called the Customs Surveillance Service whose mission is to investigate and prosecute smuggling crimes and others related to organized crime, such as drug trafficking or money laundering. Created by law in 1991, it was incorporated on January 1, 1992.

View source

Attorney

Person who has powers of another to act on their behalf in the circumstances determined by the power granted and which is usually done before a notary public. A power of attorney can be extinguished by the will of the grantor, by the resignation of the agent or by the death of any of them.

notary fees

The amount that notaries receive for their services

Leases

Rental Designation

marriage settlement

It is a document signed by two people before a notary in which the economic conditions of their coexistence are detailed. It can be a married couple or a de facto couple....

Antoni Bosch, a notary in Barcelona, ​​explains to us what the marriage chapters and the importance of doing them even if you are a de facto couple. The marriage settlement are especially important when there is a real estate assets.


MARRIAGE CONTRACT:

They constitute the recognized possibility for the contracting parties to agree on an economic regime, which regularizes the economic-patrimonial relations of the marriage, and must be stipulated in a public deed. Other family law institutions may be agreed upon, this being especially common in some regional law legislation, in addition to aspects relating to the economic regime of marriage.

marriage chapters

Antoni Bosch, notary in Barcelona, ​​explains to us what marriage chapters are and the importance of doing them even if you are a de facto couple bit.ly/NotarioCapitulaciones...

When two people live in a stable union as a couple, cohabitation agreements are established. They are the so-called matrimonial chapters that establish the economic regime of the relationship, whether the income of both spouses will be from a common fund or if each of them will have the income from it and jointly bear the costs of housing. For this reason, it is convenient to sign the marriage chapters that help to discuss issues that are not as romantic as love, but of equal importance for the couple.


get married before a notary

Civil marriage...
Proclaimed contract between man and woman to live together in marriage.


relic flow

Inheritance...
It is about the patrimony or set of assets that agree to have succession ceased by the deceased.


Civil Code

The Spanish civil code, in force since 1889, a legal body (set of legal norms) whose purpose is to regulate the civil relations of natural and legal persons, private or public, in the latter case provided that they act as individuals, that is to say , devoid of imperium. Spain has so-called regional or special civil rights in six autonomous communities: Aragon, Catalonia, Galicia, the Balearic Islands, Navarra and the Basque Country. There is also the Fuero de Baylío, applicable in some areas of Extremadura and a special one in Ceuta.

Traffic Code and Road Safety

Law that determines everything related to the circulation of vehicles. View source

Purchase and Sale

Contract that stipulates the sale and price of a property, furniture or right...
Written contract where one of the contracting parties agrees to transfer ownership of a thing or right, while the other person is required to pay an agreed price for them, it can be real estate, furniture or rights.


Certified, second copies and others

Certification of a document...
Test of two or more documents, where they are compared with each other. The notary guarantees that a duplicate, usually by photocopy, is equivalent to its original.


company bylaws

Articles of incorporation of a company...
Act of initiation of a company where its basic fundamentals are specified, such as initial capital, domicile, legal regime, among others.


Constitution, modification and termination of horizontal division

Document where the horizontal division is created or modified or extinguished...
It is composed with the public deed of horizontal division of the property, where the owner of the lot has previously or simultaneously revealed a building work. The main causes of its extinction are devastation of the building, Conversion into ordinary property or co-ownership and Compulsory Expropriation.


Regulatory agreement abroad

How to sign a regulatory agreement when one of the two spouses resides in a foreign country? It is a frequent question that many people ask themselves, especially when there are mobility restrictions such as in the times of the COVID-19 pandemic. We explain the mechanisms that exist....
Several websites of reference lawyers explain how this procedure can be carried out when one of the spouses resides abroad and cannot travel to Spain to ratify the agreement in front of the judge. We start from the basis that there is a mutual agreement between both spouses and that the lawyer has drawn up a regulatory agreement in which both agree. Steps to follow: Prepare documentation
  1. Warn the court that you are in a special situation.
  2. include in the regulatory agreement a special power for the attorney with a ratification clause including the signed regulatory agreement. Specify that there is no violence and coercion in the signing of the agreement, having signed freely.
  3. In addition to including in the power of attorney the power to ratify the agreement in favor of the attorneys, it will have to be included in the public deed, thus being protocolized.
  4. The spouse who is in Spain will sign the regulatory agreement in triplicate and one of the copies signed will be sent to the other spouse to the country where he is next to power.
signature abroad
  1. The spouse residing abroad must sign the special power of attorney for lawsuits and the agreement at a notary in your country, at the nearest Spanish Consulate or Embassy.
  2. When you leave the Consulate you must send the power of attorney with the regulatory agreement incorporated to the lawyer in Spain to present the divorce petition in the corresponding court, which will be the one of the place of residence of the spouse who is in Spain.
Ratification in Spain
  1. It will be the court that requires the spouses by means of a notification to the attorney, so that they will ratify the agreement.
  2. On the day of ratification, the attorney will represent the spouse of the foreign country thanks to the power granted.

Notes

  • In the legal sources that are cited in references, it is commented that on some occasions the secretary of the court gives value to the agreement signed in the consulate without the need for the attached power of attorney for the attorney, however the only way to ensure the procedure is the existence of the power .
  • It is recommended to include more than one attorney in the special power of attorney to avoid problems if the appointed attorney cannot attend on the day of ratification.
  • If said Power of Attorney has been made before a Spanish authority (Spanish Consulate or Embassy), neither legalization nor a sworn translation will be necessary, which speeds up the procedures and is cheaper.

References


Date: 10-09-2020

Spouses

According to the RAE spouse is the person united to another in marriage....
Spouses are considered to be persons united by marriage, whether civil or religious, and who are in accordance with the content of the articles -49- and -59- of the Civil Code. Husband or wife is considered synonymous with spouse. However, they are not exactly the same since they are spouses who have celebrated their betrothal, but not yet the marriage. The term wife or husband derives from the Latin word sponde which means solemnly promise or pledge.


Cooperatives

They are societies of equality and democratic work...
Society created by individuals who associate, under a free membership and voluntary withdrawal regime, to generate business actions, aimed at compensating their economic and social needs and desires, with democratic organization and work, in accordance with the principles set forth by the International Cooperative Alliance .


Bank credit

It occurs when a client receives money from a public or private financial institution. The client will return the amount in the terms and with the interests that have been agreed in the concession of the same.

Declaration of intestate heirs

Procedure to assign an heir when there is no will or null will...
It is a judicial or notarial procedure that is executed to establish the heirs of a person who has died without making a will or with a null or ineffective will due to whatever origins.


Declaration of heirs of distant relatives

In the case of the declaration of heirs of the closest relatives to the deceased, the intervention of a lawyer and, in certain cases, of a solicitor will be mandatory, who will have to carry out the procedures before the Court of the place of death.

Statement of Beneficial Ownership

Document where the owners of a Mercantile Company are recognized...
It is a document issued by a Notary Public that recognizes the effective owners of a Mercantile Company, meaning real owner any person who has more than 25% of the shares or participations of a Company.


Dissolution, liquidation and extinction of companies

Termination of the company for legal reasons or by the social contract...
It is generated when the legal totality of society culminates, that is, the total utility of its object and its internal components, due to the contribution of any legal cause or ability of analogous results of the social contract.


Divorce notarized

Legal rupture of civil marriage...
Reason for the breakdown of the marriage represented by the breakdown of the conjugal bond as a result of a court ruling, either at the contiguous request of both spouses or of only one, considering the requirements stipulated in the law.


Advance directives document

It is a notification of the medical services that the person wants in a serious case...
It is a legal document where providers are notified in advance of the type of medical care that the person wants to receive in the event of an accident or serious illness.


Donations

Contribution of a good to another person without remuneration in return...
Contract by means of which a person or donor transfers the possession of an asset to another or donee, who accesses it, without compensation or obligation.


The mortgage tax

The mortgage tax Do you want to know who pays the Documented Legal Acts? In this article we explain how it has been determined with the reform of the new Mortgage Law. View source Date: 24-03-2021

The notary in a mortgage loan

Why you should consult a notary before requesting a mortgage loan....

In the last reform of the mortgage legislation it is intended to protect consumers. For this reason, a notarial act has been established whereby clients who have requested a loan with a mortgage guarantee first go to a notary who will advise them on all the points that have been agreed with the bank. The function of the notary is to control that the Bank has delivered all the documents that the law establishes that must be delivered to a client and then ask or even pass a test to know exactly what the conditions are and if they coincide with what appears in documents. These documents are the basis for the loan contract to be signed before a notary public.

Date: 31-10-2020

emancipations

Permission to a minor to generate exercise capacity...
Civil act that empowers the minor to govern his person and his assets as if he were of legal age, although with specific limits, fundamentally in the area of ​​property.


General Statute of the Legal Profession

Statute defines the role and characteristics of the legal profession approved by Royal Decree 658/2001, of June 22. View source

factoring, confirming

Services that financial institutions can provide to small and medium-sized enterprises...
Administrative and financial services that financial entities provide to companies, adaptable to credit sales of a company to its clients, is aimed at small and medium-sized companies.


Reliable

It is an adjective frequently used in law and that means that the term to which it applies proves or attests to something in an undoubted way.

Inheritances

Patrimocio that is transferred after the death of the deceased...
It is the total of goods, rights and obligations that make up the patrimony of the deceased and upon death transfers to the heir.


Mortgages

Guarantee of high-value debts through real estate...
It is a way of responding for the fulfillment of a debt through the encumbrance of real estate, since, if there is a breach of the agreed debt, the mortgage will be executed, so the real estate will be liquidated in a public auction at the best bidder and, with the money raised from this sale, it will be paid to the creditor.


Lease-back and rent-back

Alternatives to obtain liquidity...
In lease-back, the owner transfers his property to the tenant and recovers it through monthly installments. While, the rent-back consists only of renting, for this reason we always work with elements such as computer equipment, technology and commercial vehicles, which will always have a low or almost zero residual value.


Leasing, renting

Alternatives to obtain liquidity through a good...
A transfer of ownership of a good to an entity is generated in exchange for the cancellation of a definitive amount of money, so that the possession of the good passes into the hands of the entity and the company obtains circulating cash. In leasing there is the opportunity to buy the property in question, while in renting there is not.


legitimate in Catalonia

form of inheritance...
It is the right granted by the Catalan Civil Code to the successors or heirs to obtain a part of the inheritance of their parents after their death.


Legitimation of signature placed in the presence of the notary

Confirmation of a specific signature...
It is the process of confirming in a given document the identity and data of the signatory and the date of the signature, by means of a very clear type of notarial action, since the Notary must express that a certain signature corresponds to a person.


legitimize

Validate...
It is the fact of giving validity to something, be it a fact or a document.


Mortgage law

It is the one that regulates the mortgage market in Spain and that is applied by a Decree of February 8, 1946. There is another regulation, Law 2/1981 of March 25 and Law 41/2007 of December 7 that modifies the previous . View source

Weddings

Union between a tide to live together...
Stable union of a man and a woman to constitute a life association with the manners required by law. There are different types of marriages depending on the form of the ceremony: religious, civil, by proxy, secret or in danger of death.


Statutory modifications

Change in company statutes...
It is known as the change in the statutes of an organization both for formal and substantive reasons, it must be carried out by the general meeting or general assembly, ordinary or extraordinary, with a special quorum and a qualified majority of partners.


notary

Notary Office. Official with a public seat who has the authority to attest to the public acts carried out before him and drafts and guarantees documents, such as wills, contracts, deeds of purchase and sale, donation, etc....
Office or office where the notary practices his profession. The notaries they are officials who have a public seat, once the opposition is approved, signed by the State whose main function is to provide legal certainty, since they are in charge of public faith in Private Law relations, which means proving the accuracy of the facts of which the notary is meaning, as well as providing authenticity and legal force to their acts.


Notary and mortgages

Why choose a notary before signing a mortgage? Clients must go to a notary before signing a mortgage to verify the conditions and terms agreed with the bank. ...

With the last reform of the mortgage legislation, it is intended to protect consumers. That is why it is important choose well the notary for the mortgage. Clients requesting a home equity loan go to a notary to be advised on the terms agreed with the bank. The notary is in charge of verifying that the bank has delivered all the documents that the law establishes and asking if the conditions discussed with the clients are the same as those that appear in the documents. These will be the basis for the loan contract to be signed before a notary public.


Succession agreements

reciprocal inheritance...
It is the one that is officiated between two or more people to be reciprocally inherited in case of death.


couples in fact

Relationship similar to that of the concuvina...
It is a union between two people who wish to share in a stable way, in a relationship equivalent to the conjugal one, and who decide to have it witnessed in a registry so that it can be carried out officially.


swaps

Barter or Exchange...
Contract in which two people reciprocally require each other to grant ownership of one thing in exchange for another, in other words, it is a barter or exchange.


Disabled people

In law it is said of individuals who have a condition that causes them a physical, intellectual or sensory deficiency.

Pledges

Pawn...
Action or effect of pledging, pledge or pawn.


banking power

Power to perform banking transactions...
It is a power that is granted to a person so that he can carry out bank transactions


mercantile power

Power to carry out commercial transactions...
It is a power that is granted to a person so that they can make purchases, apply for mortgages, among other commercial transactions.


power of attorney

It is a power of attorney that can be used in notaries...
It is a document by means of which a trusted person is empowered to, on your behalf and on your behalf, carry out numerous administrative and legal procedures.


power of attorney

Power to act in court...
It is a document in which the owner of a legal asset delegates a solicitor to proceed, before the courts, on behalf of and on behalf of the person who grants the Power of Attorney.


Credit and loan policies

Flexible Loan...
It is a loan with a flexible amount, since within certain money limits the amount needed can be withdrawn and returned according to agreed conditions. It works like a current account, from where the money is withdrawn and returned.


Why choose a notary before signing a mortgage

Barcelona Notary Antoni Bosch explains the importance of choosing a notary before signing a mortgage bit.ly/NotarioHipoteca...

With the last reform of the mortgage legislation, it is intended to protect consumers. Clients requesting a home equity loan go to a notary to be advised on the terms agreed with the bank. The notary is in charge of verifying that the bank has delivered all the documents that the law establishes and asking if the conditions discussed with the clients are the same as those that appear in the documents. These will be the basis for the loan contract to be signed before a notary public.


lender and borrower

Parts of a loan...
Lender, is the natural or legal person, who in a loan agreement delivers money to the borrower. Borrower, natural or legal person, who in a loan contract takes the money from the lender.


Intellectual property

Branch of law that seeks, on the one hand, to protect the rights of creators by giving them legal certainty to encourage innovation and creation. ...
Also try to order the markets by facilitating decision-making by the consuming public. It is usually abbreviated as PI.


FAMILY BUSINESS PROTOCOL

The Family Business Protocol is a document that contemplates all possible cases of conflict that may occur in the transmission of the management of a family business from the current managers to the next generation, whether mortis causa or due to the retirement of the current managers. . The protocol is a legal tool that avoids conflicts. Date: 26-10-2023

what is the mortgage tax

Documented Legal Acts...
When a mortgage is signed, a tax must be paid on the notarial deed, which is known as Documented Legal Acts (AJD), which has a variable percentage that is determined by the autonomous community in which the loan is formalized.


Waiver of inheritance for debts with Social Security

Real case of a businessman in the hospitality sector who died when he was in the process of regulating the employment of his workers and with significant debts with Social Security. ...
Although his personal patrimony was of a significant amount, his heirs had doubts about whether to accept the inheritance or otherwise proceed with his resignation. In this case the team attorneys specializing in succession law they advised that it was interesting accept inheritance They should opt for the modality of acceptance for the benefit of inventory, since, with this, they would only be liable for the debts up to what was covered by the inherited assets, without risking the assets of the personal assets of each of the heirs. so they did, they accepted the inheritance for the benefit of inventory and they came to inherit a significant amount of the father's estate, since the pending debt of the inheritance was subject to resources, the resources were partially earned and a succession balance remained in favor of the heirs, which they would not have obtained, if from the beginning they would have opted for the waiver of inheritance.


Resignations

Termination of an event...
Abnormal termination of a cause by which a party declares its willingness to desert its claim, giving up the material right that supports it, that is, that, later, the identical lawsuit cannot be returned.


Occupational hazard

They are the dangers that a specific profession or activity has...
The environment or workplace also has an influence, since some may have characteristics that can cause accidents or other types of accidents that can cause damage or health problems, both physical and psychological.


notarial seal

The seal of the notary public is the way in which the notary exercises his attesting power with the printing of the symbol of the State on the documents that he authorizes by placing said seal.

Solvency

Capacity of an entity, natural person or legal entity, to meet financial obligations. To put it in a simpler way, that you can face your payments in the short term and in the future.

intestate succession

will contest...
It is a legal cause through which relatives or people who believe they have the right to inherit the estate left by the deceased intestate, attend before a judge so that he can execute the opening of the legitimate succession.


Will

Property distribution document...
Voluntary declaration of a person stating what he wants to be done with his assets after his death


Living will

Antoni Bosch, notary in Barcelona, ​​explains to us what a living will is and why it is important to do it before a notary....

In recent times, the so-called Living Will is in fashion. The government initiates legislation to legalize euthanasia, which as we know is contrary to palliative care. When a person decides to die, he is given a substance to fulfill his will. These instructions are signed in a document that in Catalonia is called "Document of advance directives", known as Living Testament. These instructions are executed by the person designated for this purpose, when the person who expresses his will to die can no longer decide, finding himself in a situation that had already been foreseen and that is critical and irreversible.


Arbitration Court of Catalonia

The TAB makes it easier for neutral professionals of recognized integrity, prestige and notable professional career to deal with conflicts and provide a solution...
The Arbitration Court of Catalonia (TAB) was founded in 1989 with the support of highly prestigious entities such as the Barcelona Chamber of Commerce, the Barcelona Bar Association and the Notarial Association of Catalonia, among several of its pillars with the aim to perform a service to society. The UCI has also signed collaboration agreements with the entity.  


Supreme Court

In Spain, the Supreme Court is the highest-ranking body that exists in the judiciary. It has jurisdiction throughout the national territory. It is the highest body in all legal orders: civil law, criminal law, contentious-administrative law, social law and military law.

Image from Pixabay. Updated on 21/08/2020.

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