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.

Cayetana Fitz-James Stuart, Duchess of Alba, dies at 88

• Descended from King James II of Britain
• 14 times Grandee of Spain

(www.abc.es)

SEVILLE -- The family of the Duchess of Alba announced her passing this morning. She had been under medical care for a respiratory infection believed to be pneumonia. The most-titled person in the world, known as the representative of Spanish aristocracy, died at 88 at her home in Seville, the Dueñas Palace, where she had asked to be taken from the intensive care unit last Tuesday. This was the second time Cayetana Fitz-James Stuart, as she was known to the media not wishing to repeat her main title, had been admitted to hospital in the last couple of months. A descendant of King James II of Britain through his bastard son James Fitz-James, who was born to his lover Arabella Churchill, the 18th Duchess of Alba held 7 Dukedoms, 1 Count-Dukedom, 19 Merquessates, 22 Countcies, 1 Viscountcy, and 1 Manorial title, according to Wikipedia. She was recently named the third richest woman in Spain on the Forbes Rich List.