Duchess of Alba's inheritance valued at €3,000 million

• Main title is inherited by eldest son, Carlos Fitz-James Stuart
• Most of her riches are owned by the Casa de Alba Foundation and non-taxable

Duchess and Alfonso Díez
(hellomagazine.com)

SEVILLE -- Doña María del Rosario Cayetana Paloma Alfonsa Victoria Eugenia Fernanda Teresa Francisca de Paula Lourdes Antonia Josefa Fausta Rita Castor Dorotea Santa Esperanza Fitz-James Stuart y de Silva Falcó y Gurtubay, better known as the Duchess of Alba, died just a few days ago (November 20). A few days before that she had been declared the third richest woman in Spain by Forbes Magazine, which calculated her fortune at the €3 billion, including property, farms, jewelry, art works, financial investments and unique items such as castles, palaces and fifty-one nobility titles. Her funeral was 'very intimate', according to reports. So now comes the matter of her heirs and their inheritance.

As we all know, inheritances are subject to inheritance taxes (in Spain: Impuesto de Sucesiones), which are direct, personal, subjective, payable immediately and on a progressive scale, according to one translation of the law. Transferring property in cases of mortis causa is not taxable.

If you’re being charged for using a credit card, you’re being robbed

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MADRID – Royal Decree 8/2014 became law on September 1: it expressly banns being charged for using a credit card. However, several consumer organizations have discovered that many companies, including some airlines, are still doing so. Indeed, it’s the airlines who are mainly defying the law. According to OCU (Organización de Consumidores y Usuarios), "this is a completely illegal charge that has nothing to do with management expenses.” From its Twitter account (#NoConMiTarjeta – NotWithMyCard), the organization asks consumers to take a screen shot or a photo showing a bill that includes the charge. They are inviting anyone who have been charged to join others in a class action suit they are preparing right now, the idea being to stop the practice, punish the perpetrators and recover the customers’ money. (Enlarge the image and check right at the bottom ...)