When I first moved here people told me 2 things to never do....number 1... never trust a lawyer...Number 2.. never trust a lawyer.Get a lawyer.
When I first moved here people told me 2 things to never do....number 1... never trust a lawyer...Number 2.. never trust a lawyer.Get a lawyer.
BTW, Guzman Ariza gives the first consultation free. They have English speaking attorneys. Contact them and explain your situation and they'll give you a price for putting your names on the title or for putting the property into an S.R.L. and explain which might be best for you.I wonder what this "Title Transfer" would look like in Spanish?
Maybe that information or sentiment is already conveyed in the "Title Registry".
Regardless, I appreciate your reply and will look into it further.
@cavok You are right in that I should look into it "if it's worth it". I don't know of when I'd actually be looking to live in the DR for a more long-term stay. I can't really see it. If anything, it would be nice to have ownership (along with my siblings), if we decide that we don't plan on living there, but instead would rather just sell the property.
That's pretty stupid and cynical advice. Without a lawyer, there are many things the average person can't do here, especially a gringo that can't speak Spanish.When I first moved here people told me 2 things to never do....number 1... never trust a lawyer...Number 2.. never trust a lawyer.
stupid.. NO...you just dont know the lawyers that I do......and you need learn spanish......That's pretty stupid and cynical advice. Without a lawyer, there are many things the average person can't do here, especially a gringo that can't speak Spanish.
For the majority I say yes - but there are some honest people practicing law in DR.That's pretty stupid and cynical advice. Without a lawyer, there are many things the average person can't do here, especially a gringo that can't speak Spanish.
Sounds like I'm glad I don't know your lawyers. Sounds like you picked your lawyers the same way you determined I need to learn Spanish.stupid.. NO...you just dont know the lawyers that I do......and you need learn spanish......
Picking a lawyer is no different here(or anywhere else for that matter) than picking a good accountant, doctor, engineer, mechanic, a/c man, or computer repair technician - get recommendations. I've had two very good lawyers here that I've used for a wide range of legal issues for the past 14 years. Always had very good service and never once felt like I was being overcharged.For the majority I say yes - but there are some honest people practicing law in DR.
Your first rule to follow for lawyers or financial planners: "Good advice does not come cheap".
While it's true that my father has had more bad luck than good luck with lawyers in the DR, he has met some good ones.Picking a lawyer is no different here(or anywhere else for that matter) than picking a good accountant, doctor, engineer, mechanic, a/c man, or computer repair technician - get recommendations. I've had two very good lawyers here that I've used for a wide range of legal issues for the past 14 years. Always had very good service and never once felt like I was being overcharged.
Taxes on property in your name are paid on the assessed amount over $125K. Taxes on an SRL are 1% of the assessed value. Best to talk to an accountant here about this.
SRL's are not used just to start a business. Many people hold their properties in SRL's to avoid any personal liability and probate in case of death.
I appreciate your help, as well as your previous assistance in this thread, but I don't even know how an LLC works fully, so I won't be able to explain an SRL to him. I guess that's where lawyers would come in handy.An SRL is very similar to an LLC in the US. You could use that to give your father an idea. of what it is. If you're going to put the property into an SRL, you can probably just use the current assessed value. DGII would have that info.