Quote:
Originally Posted by Bayx-**
What happens if the title is in both spouses’ names and they both die? Leaving two children from different marriages.
Bayx
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Ok, here's my personal, non-legal take on this question. Feel free to correct me.
Individual property becomes communal after 5 years. So, if they were married that long and then both died, their property would be split 50/50 with her heirs getting half to divide between them and his heirs getting the other half.
That is not unusual internationally. Lots of states and countries have married couples unifying their property and then spitting it between their previous heirs should they both die at the same time.
The difference in the DR is that, unlike many other places in the world, the surviving spouse does not get everything. If one spouse dies, their inheritance goes to their heirs. The surviving spouse can only possibly get an additional 12.5% of the full value of the property (25% of the deceased spouse's half), and this is only if it is clearly stated in a legal document such as a will.
I'd imagine that were this legal situation to exist anywhere else in the world, there would be an accompanying law wherein the heirs who collectively held 50% of a property would need to petition within a period of time to get their names on the title as well. The fact that the DR has no requirement for a title to indicate in anyway that
a property may actually be 50% owned by surviving children of a deceased spouse, is very unusual by international property recording standards.
Lic. Guzman, since you are now improving the current laws of the DR, perhaps you might consider adding this fact to all titles, so international buyers at least know to be sure to double check for heirs of deceased spouses. Since this is a uniquely Dominican issue, that might help many potential buyers / investors in the DR.