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
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Easy as ABCD – The Key Requirements of the Medicinal Cannabis Authority in SVG
Following the recent passage of the Medicinal Cannabis Industry Act in St. Vincent and the Grenadines, many persons may be wondering how to legally participate in the industry. Below we outline four primary things – A B C D – that the Medicinal Cannabis Authority considers when examining an application for a licence: Application Fee Payment: An
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An Introduction to the SVG Cannabis Industry
The Medicinal Cannabis Industry Act 2018 allows for qualifying persons under the Act to be issued licences to cultivate, import, export, possess, produce and use cannabis in St. Vincent and the Grenadines (SVG) for medicinal and research purposes only. Cannabis (also called marijuana or ganja) has been decriminalised only for medicinal and religious use. Unlike
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When 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 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
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Where 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
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SETTLING 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 MoreHappy New Year!
As we welcome 2017 and the wonderful prospects it holds, we cannot help but be grateful for all the wonderful clients we have had the pleasure of working with this year. It has been an exciting and successful year for us and we are truly grateful that we could have served all our clients excellently
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.
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