- Thread starter granca
- Start date
Cost of a will/last will and testament.
Don't have to. By law 1/2 goes to your widow.
1/2 goes to your children, all of your children.
If you use the search function you will see that there are provisions allowed for providing some special things for some individuals.
Basically this is the law because it avoids discussions. 1/2 to the wife and 1/2 to the kids. Take it or leave it.
HB
1/2 goes to your children, all of your children.
If you use the search function you will see that there are provisions allowed for providing some special things for some individuals.
Basically this is the law because it avoids discussions. 1/2 to the wife and 1/2 to the kids. Take it or leave it.
HB
If I understand your question, this has been asked before and answered by Fabio. If you have a will that is legal in your own country, almost certainly it will be accepted here. You may not need a separate will for any assets that you have in the DR.
See this thread: http://www.dr1.com/forums/legal/69563-writing-will.html
I believe you will find......
that you do not need a Will for each country, but your heirs at law may have to do what is called an Ancillary Probate in those jurisdictions where you hold property.
By way of example, suppose you are a New York resident with property in NY, Florida and the DR. If you pass on, with or without a Will, a Probate would need to be opened in NY and an Ancillary Probate in Florida and probably a third in the DR (I will defer to Fabio on the DR situation).
Respectfully,
Playacaribe2
that you do not need a Will for each country, but your heirs at law may have to do what is called an Ancillary Probate in those jurisdictions where you hold property.
By way of example, suppose you are a New York resident with property in NY, Florida and the DR. If you pass on, with or without a Will, a Probate would need to be opened in NY and an Ancillary Probate in Florida and probably a third in the DR (I will defer to Fabio on the DR situation).
Respectfully,
Playacaribe2
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I agree, but at the end of the day you need to call an attorney yourself to find out the real deal!
I will say this ( no pun intended ) that if a basic will in Canada costs $350 then how much could it cost here?
A simple will done by a notary will cost you from $100 to $300 US, depending on the Notary. For this you will have to speak Spanish since according to Dominican law (article 972 of the Civil Code) a will before a Notary must be dictated by the testator and written down by the Notary.
If you do not speak Spanish, your only choices in the Dominican Republic are a holographic will, which must be entirely handwritten, dated and signed by the testator and can be written in any language; or a mystical, which in essence is a sealed holographic will delivered to a Notary for safekeeping.
A foreign will is valid in the Dominican Republic but some of its provisions may be reduced or voided if they come into conflict with Dominican rules of public order, such as forced heirship rules.
If you have children, I recommend preparing a will, even if, as in most cases, the inheritance will go to them in equal shares, as in an inheritance that is intestate (without a will), in order to prevent the spouses of the children from getting a share of the inheritance. Under Dominican law, “movable” property (cash, stocks, bonds, etc.) when inherited by a spouse is community property, unless the testator has expressed otherwise. Most lawyers/notaries are not aware of this...unfortunately, for their client's children.
If you do not speak Spanish, your only choices in the Dominican Republic are a holographic will, which must be entirely handwritten, dated and signed by the testator and can be written in any language; or a mystical, which in essence is a sealed holographic will delivered to a Notary for safekeeping.
A foreign will is valid in the Dominican Republic but some of its provisions may be reduced or voided if they come into conflict with Dominican rules of public order, such as forced heirship rules.
If you have children, I recommend preparing a will, even if, as in most cases, the inheritance will go to them in equal shares, as in an inheritance that is intestate (without a will), in order to prevent the spouses of the children from getting a share of the inheritance. Under Dominican law, “movable” property (cash, stocks, bonds, etc.) when inherited by a spouse is community property, unless the testator has expressed otherwise. Most lawyers/notaries are not aware of this...unfortunately, for their client's children.