Expats risk half their assets with lengthy love nest

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Editor's Note: While this article was accurate at the time of publication, some information may now be outdated.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!

This is how to trap an expat into marriage, a big payoff or a lifetime of alimony payments.  It is not just a woman’s guide, but as public service to men and even expat women to save them from themselves in Costa Rica.

Trusts are a perfect vehicle for getting deals done

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Editor's Note: While this article was accurate at the time of publication, some information may now be outdated.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!

Trusts can save the day in numerous instances in Costa Rica and avoid lawsuits or arbitration.  In cases where litigation has already started, using a trust is a great way to get out of court.  Most large development projects in Costa Rica — and small ones too — use trusts as the financial vehicle of choice.  Literally, the possible uses of a trust are only limited to the imagination of the creators.

Most people — especially expats — think of trusts as they do wills. They are legal documents full of mumbo jumbo to take care of beneficiaries after one's death.  Trusts are much more than this here. They are dynamic legal instruments with many uses.

Here is a quick course.  Once taken, pass it on to your legal professional.  Most Costa Rican attorneys and notaries do not have a clue how to use a trust in this country.