Fabio J. Guzman said:Texas Bill, if the house was built by your wife, is titled in your wife?s name, and your wife has children, you shouldn?t have any problems with your seven in-laws. If you feel you need to cover all the bases just in case, have your mother-in-law acknowledge the situation in writing. This document should be prepared by a knowledgeable attorney.
Jskr1Us, if you pass on, 50% of your property will go to your wife (I assume you are married under community-property rules) and the remaining 50% will go to YOUR children.
Fabio J. Guzman said:There is no legal mechanism in the Dominican Republic that will allow a surviving spouse to have the ability to resell community property titled personally quickly after the death of his or her spouse.
After the death of a spouse, assuming there are children, part of the property must go by law to the children. Inheritance taxes must be paid and the property title will need to be changed after the required filing at the Superior Land Court. This is one the reasons we recommend holding property under a corporation.
Right of survivorship does not exist under Dominican law.
BigDaddy said:How does one do this if one does not have a business or corporation?