Costa Rica Expertise: August 2006

Monday, August 21, 2006

Rural land titles can be result of homesteading


By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Everyone who comes to Costa Rica has a story to tell.  Some are escaping from their home country because they are criminals or do not fit in.

Many are sick and tired of the “world gone nuts” and hope to find solace here.

Others are explorers looking for the treasure in a good land purchase.

Crossing the border into Costa Rica in the late 60s or early 70s was truly a breathtaking experience. 

Old timers with over 30 years living in the country remember the days when Costa Rica was truly a paradise.

Back then, it was very rare indeed to see the police with guns. They carried only a screwdriver and pliers.  They used the tools to confiscate the license plates of drivers in violation of the law.  Security guards were also an uncommon sight, nothing like today, where they are everywhere.

Monday, August 7, 2006

A clever clause can dodge the probate mess


By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Now there is a new way to duck messy probate in Costa Rica.

Thanks to an avid reader with a ton of patience, a limited liability company called an S.R.L. in Costa Rica, is now even a better vehicle for holding assets and succession planning.  Most professional people do not know this secret.   

Limited Liability companies are great for holding properties and managing businesses, but if there is only one manager and the manger is taken by death, a long legal struggle can take place.

If there are multiple managers, the liability company runs the risk of internal confusion and sometimes theft.