Hello my name is Santiago Lampón. I am a lawyer and a notary in Puerto Rico and in this episode of Puerto Rico Legal video blog, this is actually part one of a two part subject, I am going to cover how to find the title in Puerto Rico. Now there are some assumptions I want you to look at while… Read more »
Posts Tagged: Puerto Rico law
DECLARATION OF HEIRS PROCESS IN PUERTO RICO – PART 1 OF 2 FULL TRANSCRIPT OF VIDEO BY SANTIAGO F. LAMPÓN
Hello, my name is Santiago Lampón. I am lawyer and notary in Puerto Rico and welcome to Puerto Rico Legal Video Blog. In this episode, I am going to cover the Declaration of Heirs under Puerto Rico Law. If you compare how we handle the declaration of heirs under Puerto Rico Law, the best comparison… Read more »
Video – Puerto Rico Forced Heir Laws
Hello, welcome to Puerto Rico Legal Video Blog. My name is Santiago Lampón and I am lawyer and notary in Puerto Rico. In this post, I am going to go over Puerto Rico Forced Heirs Law. “HEIRS” as in H-E-I-R-S. OK? I sometimes do that my pronunciation it come across the right way. Under Puerto… Read more »
What You Should Know About Filing for Divorce in Puerto Rico
Most people would rather not have to file for divorce. However, you may eventually come to the conclusion that you can no longer continue your marriage for one reason or another. In this case, filing for divorce allows you the opportunity to legally separate from your spouse, divide assets, and decide on issues like custody,… Read more »
Latest News in Puerto Rico Real Estate
If the prospect of buying property in the beautiful island nation of Puerto Rico interests you, either for vacation or retirement purposes, then you probably already know that there’s a lot to love about real estate in Puerto Rico. To start, there is the temperate climes and ease of access. Plenty of airlines make direct flights… Read more »
FUNDS RETAINED FROM THE SELLER – THE USE OF ESCROW ACCOUNTS AFTER A CLOSING
There are a few categories of real estate transactions in which certain potential liabilities could occur or “appear” after the closing. In this regard, I want to shed some light on how to handle these situations through the use of an escrow account, communicate why sometimes funds need to be withheld from the seller, and… Read more »
Common Challenges to Obtaining a Mortgage in Puerto Rico
Buying a home in Puerto Rico is a unique experience, to say the least. Every facet of the transaction brings with it some small wrinkle or curveball that you may not see coming. Don’t get me wrong, you’re still jumping through the same hoops and meeting the same requirements if you were to buy a… Read more »
How Does Probate Work in Puerto Rico?
Inheritance law can be a little bit of a tricky subject almost no matter where you are in the world. That would be fair to say of Puerto Rico as well. When it comes to bequeathing property, particularly as a foreigner living in Puerto Rico who is receiving or leaving behind real estate, there are… Read more »
Using an LLC for your Real Estate Purchase in Puerto Rico
Purchasing a property through an LLC has benefits and also a few implications. The purpose of this post is not to discourage anyone from using an LLC, but rather to provide information on some of its implications. First and perhaps foremost, the Puerto Rico Power Authority (“PREPA”) will want to charge your electricity at commercial… Read more »
Puerto Rico 2016 – A current state of affairs
Yesterday, I was listening to a radio show on my way home and the subject was the financial issues being faced by the Government of Puerto Rico. Of course, any subject enjoys a gama of points of view and plenty of people willing to share their opinion with the rest of us. I am doing… Read more »