Jack (age 53, single, no children, have parents) lives in USA and his best friend Paul has recently moved to- and become a citizen of Spain. If Jack were to write a will stating that any and all assets would go to Paul, what would happen?
1) Would the will be rendered invalid because Paul is not an american citizen?
2) Would his parents get his assets because they’re his family?
3) Would there be any tax?
4) If Paul may inherit; how long will it take, from Jack’s death to when Paul recieves the assets?