BUYING PROPERTY WITH ANOTHER PERSON
Buying property with another person may appeal to some individuals.If you are one of them and you decide to buy a property with someone else — be it your spouse, child(ren), business partner, or friend — one of the most important factors to consider is your ownership (holding) options, specifically whether the property will be
Read MoreWhen the In-Law becomes an Outlaw
I learnt recently of a rather unfortunate situation with a very tightly knit family. In 2010, Michael (not his real name) asked his aged parents to give him the family house. His parents consulted with his siblings and everyone agreed since he was the only child still living at home. His lawyer prepared a Deed
Read MoreHave You Given Someone a Power of Attorney? Read This!
A Power of Attorney (POA) is probably one of the most dangerous documents one could ever sign. Yes. It is that serious. But don’t get me wrong. POAs are very useful and often times necessary documents to move your business forward. But these same documents can be abused; and in many cases, the person to
Read MoreMULTIPLE WILLS AS AN ESTATE PLANNING TOOL
The use of multiple Wills is an effective estate planning strategy to save money and, sometimes, completely avoid time wasting upon the death of a Testator (the person making the Will).Multiple Wills usually become useful in situations where a Vincentian owns assets both in Saint Vincent and the Grenadines and another country, for example, in the United
Read MoreWhere There Is A Will, There Is Confusion! Top 5 Common Misconceptions About Wills
When a client told me that she was bestowed two houses, a car, money and farm land under her father’s Will, I had to ask, “How lucky can some people be?!”. But when the same client said she had no intention of probating the Will because “It is abundantly clear that the properties belong to
Read MoreSETTLING THE ESTATE OF A DEAD RELATIVE
A client emailed me this week with what I think is a very popular issue found in Caribbean jurisdictions. Many people fail to do any estate planning during their lifetime, and die leaving their estate unsettled. The client explained that his grandfather and grandmother together owned a piece of land and had the title deeds
Read MoreYoung and Broke: How to Finance Your Real Estate Investment
Is there really a “generation of life-time renters” emerging in St. Vincent and the Grenadines? The story is that for the average Vincentian, house prices are way too high, and the options available for a competitive mortgage are way too low. Notwithstanding the seemingly elusive nature of property ownership, there are creative ways to finance
Read MoreThat tricky old lawyer! – How to choose your Real Estate Lawyer
Picture waking up and peering through sheer white curtains to see yellow-tailed birds dancing on the ledge of your beautifully stained wooden patio. You stand at the doorway to gaze on the blue Caribbean Sea. You look to the right, and then to the left to observe gently sloping lands carpeted with lush green vegetation.
Read MoreSOLD!! – Land for Sale – Price Negotiable
Our client is desirous of disposing of this parcel of land IMMEDIATELY! 7,594 square feet of gently sloping land located in Calder Ridge in the parish of St. George in the state of St. Vincent and the Grenadines (not far from the Calder Government School). The land allows for the free flow of surface water
Read MoreSun, Sea and All That Glam – Steps to Owning Property in SVG (Part 2)
Every year, the relatively unspoiled islands of St. Vincent and the Grenadines attract expats, retirees, and the rich and famous. The process to acquire land and property in this island paradise can generate a lot of questions, and will be frustrating if you do not have the right lawyer. Below, we feature some of the
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