Costa Rica Expertise LLC
Archives for: May 2006
05/22/06
Three Ways Exist to Pass On Assets at Death
By Garland M. Baker
Special to A.M. Costa Rica
According to Consumer Reports, 66 percent of those living in the United States do not have a valid will. Imagine how many expats do not have one in Costa Rica.
Laws governing last wills and testaments are different in this country, and most people never get around to making a valid document.
Read more!
05/08/06
Have the Rats and Vultures Got a Deal For You!
By Garland M. Baker
Special to A.M. Costa Rica
Vultures and rats are stalking the innocent home sellers to make a quick buck.
The game is the use of Article 1049 of the Costa Rican Civil Code and property flipping. The rules are everything goes and the best trickster wins.
Article 1049 is only one sentence long and it states "La venta es perfecta entre las partes desde que convienen en cosa y precio." In English, the string of words translates to “The sale is fixed between parties upon agreement of thing and price.” The sentence means that it is possible to cheat a naive seller out of a property because of their lack of knowledge of the law.
Costa Rica Expertise LLC
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]
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