What happens to my estate in case of death?

Member since 06 June 2015

luckygrandmagkActive member13 June 2015 01:22:18

Hi all,
I read somewhere that in the D.R., when you pass, half of your estate is taken by the government.聽 Is this true ?

Bob K VIP Member

Member since 25 June 2007

Bob KVIP Member13 June 2015 01:28:33

7675

No but unless you protect yourself with a will the taxes will have a healthy meal on you.

Contact a lawyer

Bob K

luckygrandmagk Active member

Member since 06 June 2015

luckygrandmagkActive member13 June 2015 01:46:20

Thank you

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert13 June 2015 12:02:20

17385

Bob is correct.聽聽And you will need a will here for any assets here, they are not covered by your will outside of here.聽 Its a fairly inexpensive process too!

luckygrandmagk Active member

Member since 06 June 2015

luckygrandmagkActive member13 June 2015 12:45:08

I was wondering that too, thank you.

Bob K VIP Member

Member since 25 June 2007

Bob KVIP Member13 June 2015 15:18:01

7675

Actually we were told by our lawyer (part of the biggest firm here) that our US will covers us here as well. Maybe because we don't have Dominican kids or family

Bob K

planner Dominican Republic Expert

Member since 27 December 2010

Dominican Republic Expert

plannerDominican Republic Expert13 June 2015 15:53:23

17385

Interesting Bob,聽 I was told the opposite. The law here is territorial based on French law,聽 the US law is not and that was part of the issue I was told.

Guess we better get more info. AND meanwhile better safe then sorry unless you have little here.