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David C. Murray

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Everything posted by David C. Murray

  1. Anyone who lives in Costa Rica, plans to live here, or is thinking of doing any business here such as purchasing property should run, not walk, to the nearest source of Roger Peterson's Legal Guide to Costa Rica. Once you own it, skim every page and read carefully whatever might apply to your own situation. If you're thinking of hiring someone to do something, read the sections on labor relations. If you're thinking of getting married, read the parts about family law. If you're thinking of owning real estate or a vehicle, read the parts . . . The small investment in Peterson's book could save you thousands of dollars and years of frustration and heartache.
  2. While what costaricafinca writes above sounds incredible to my American ears, it points out the fact that things, including probate law, are different here. If I recall Peterson's book correctly, there is a hierarchy or sequence of inheritance provided for in the law. My understanding is that the only way around it is to have a legally-filed Costa Rican will that makes other provisions for the disposition of one's estate.
  3. I'm not sure what you mean by "corporation members", Igor, but the only thing that matters is who owns the stock in the corporation. If it is in your name and/or your wife's, then you will have to sign it over for the children to become the owners of the corporation. Otherwise, you can make provision in a Costa Rican will to bequeath all or specified of your assets to your children. Note, please, that your will filed in the U.S. will mean nothing in Costa Rica and your will in Costa Rica will mean nothing in the U.S. If you have assets to bequeath in both countries, you need two wills.
  4. My understanding is that you must first obtain a permit to drill for water. Then, because Costa Rica considers the water in the aquifer to be a publicly-owned resource, you must obtain a concession to actually use that water once you have found it. Likely all of this will take time and be expensive.
  5. This past April, a friend and I went to Nicaragua to fish for tarpon. "Fish" is the operative term. "Catch" did not enter into the equation. Be careful when you go. All that said, we went to a fishing lodge, fished from a boat, and had two guides with us at all times. We fished three two mile-long stretches of two different rivers over the course of four days. These places were several miles apart by river. Each time we moved to a new area, our guides first stopped at the shoreside town and bought what we took to be local fishing licenses. I don't know if you plan is to do this unescorted, but you have some research to do. Hope that helps.
  6. James is exactly right that the attorney should only be representing YOU. If you rely on an attorney who is recommended by a real estate agent, you may rest assured that the attorney has some loyalty to the real estate agent who refers business to him or her. In such a situation, the attorney, like the real estate agent, is more likely to be interested in making the deal happen than in representing your own (reasonable) selfish interests. Find your own attorney who has no loyalty to either the seller or the real estate agent. And if this is a potentially life-changing transaction for you, then do find a second attorney to check (redo) the work of the first.
  7. You're delving into a very, very complex matter and you need better, more professional advice than you're going to get on any discussion forum. As I understand it, the requirements and restrictions can vary from place to place. I think your best bet, if you're actually looking at a particular property, is to consult a local attorney who's an expert in real estate matters. Once you have a clear understanding of what is and isn't possible, get a second equally expert opinion. If the two agree, then you may be on the right track. If not, seek a third opinion.
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