By Garland M. Baker
Special to A.M. Costa Rica
Today could be your last day. The end could come fast, a collision with a bus or a whack from a coconut from a palm tree.
What happens then to all those assets accumulated in Costa Rica?
If the assets are in a personal name . . . ouch! The process is going to be difficult for heirs. Probate in Costa Rica is a long and tedious process involving a court case, which means finding a lawyer one can trust with tenacity to stay on top of the process. How do heirs know if an attorney is a lazy lawyer who will just exacerbate their situation?
Registro Nacional property search screen
By Garland M. Baker
Special to A.M. Costa Rica
Most people are unaware of the changes to the property registration laws at the Registro Nacional or National Registry which were modified last year. However, these changes have opened the doors to shysters preying on the innocent.
Costa Rica’s registry laws are over 100 years old. This means they were written before computers existed. Because of this, no registration was ever deleted even if it was full of mistakes.
Property is registered here in Zapote
The Web page is www.registronacional.go.cr
By Garland M. Baker
Special to A.M. Costa Rica
Horror stories abound of property owners not doing their homework or, expressed in legal terms, their due diligence, and losing their property to unscrupulous third parties, including squatters and/or the tax authorities.
The correct registration of a property is the most important element in land ownership and not the deed in Costa Rica. Just because someone appears to be the legal owner of a piece of real estate does not necessarily mean they are.
By Garland M. Baker
Special to A.M. Costa Rica
On Nov. 22, all annotations over one year old will expire and be purged at the Registro Nacional, Costa Rica’s national registry of properties. This could affect you and your property if for some reason its title is not clear or fully registered.
This web site contains articles written by Garland M. Baker and Lic. Allan Garro for the A.M. Costa Rica. These articles contain important information that everyone doing business—personal and corporate—in Costa Rica ought to know. Reach them at [email protected]
A Complimentary Reprint is available at the end of each article.
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