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Here I am giving you the transcript of my latest video, so it is clearer to you or to a friend, so everyone who needs it can have this information.
Expect more videos and useful information very soon!
Wills in Puerto Rico – Why they work? – Transcript
Hello my name is Santiago Lampón. I am real estate lawyer and notary in Puerto Rico and welcome to Puerto Rico legal blog. I am going to discuss in this episode wills in Puerto Rico. I have other videos about wills not made or not created in Puerto Rico. But I want you to see the other side of the coin through this video that I am going to share in this few minutes.
Wills in Puerto Rico are very formal. When I say very formal they have to be the most formal and also formidable wills on the whole planet. I may be exaggerating it, the whole Spanish system meaning Spain and the one that was developed across Latin America is very similar to Puerto Rico but I am not exaggerating when I say it is formidable. You have to be very specific, it has to be drafted with certain wording, it has to follow certain pattern. There are certain requirements to make sure that the person who is signing the will is in fact the person that the notary is saying is the person signing it. It’s almost like fraud proof, it is iron clad drafting and execution because the formalities not only include what is inside the will it also includes how the will is prepared.
My point about this is if you are going to do a will in Puerto Rico, very good. I actually like it. Because as a notary, I and other notaries have to be very thorough about what is asked and what is said and how it is stated in the will. This of course applies, once the will is executed usually you file it, you have to file it, there is a registry for wills, you complete the process but it is not until years later that somebody is going to take a close look at what the notary did and what the party signed and how the deed, because it is a deed, it is a very formal deed. Look for my video about the forms of deeds in Puerto Rico and you will understand, how the deed was executed, how it was prepared and I like it because even though it is very formal it calls for a very specific product. It makes it very clear cut of what should be there and it is there. But there is one thing I want to make clear. It is very important, that the person wanting to do the will goes into very direct and very frequent and specific communication with the notary handling it for him or for her. Don’t assume anything. Make sure that you discuss it in detail with the notary and make sure that you read it with sufficient time and that you understand the process, otherwise you are going to be wondering and wondering, and it is going to be too worry some for you.
If you have any questions about this or any other subjects or other videos, send me an email or give me a phone call. Again my name is Santiago Lampón, a real estate lawyer and notary in Puerto Rico. I hope you have a great day.