Here -- Puerto Rico Intestate laws: http://www.finance.cch.com/pops/c50s10d190_PR.asp
Puerto Rico Estate Taxes: http://www.finance.cch.com/pops/c50s15d170_PR.asp
Taxation of trusts and estates in Puerto Rico: http://e-fpo.fpo.go.th/e-fiscal/PWGuides/individualguides/DOCS/wcd00008/wcd008ca.htm
Article on estate planning for military lawyers referencing estate planning for people in Puerto Rico: http://www.jagcnet.army.mil/JAGCNETINTERNET/HOMEPAGES/AC/ARMYLAWYER.NSF/c82df279f9445da185256e5b005244ee/7d554d3b261cba84852570b400549e9e/$FILE/Article%201%20-%20By%20MAJ%20Jonathan%20E.%20Cheney.pdf
In Puerto Rico, an in individual 14 years of age or older can make a will. Puerto Rico recognizes wills by its citizens executed abroad if done in conformity to the formality of “the laws of the country in which they are sojourning.”
An executor must be 21 years of age and of sound mind. No security for faithful performance of his office is required. An executor provides an accounting to the heirs and, if necessary, to the court. The executor must file an inventory, quarterly statements of account, and a final account. The duration of an estate may not exceed one year unless extended by a court or by the heirs and legatees. A person named as executor “who does not accept the office, or renounces it without sufficient cause,” loses any benefit of the will beyond his rights, if any, to the legal portion.
2007-05-29 05:24:26
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answer #1
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answered by Mark 7
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The same as any other United States Citizen according to the Bill of Rights, the Seventh amendment. anything contrary to that is found in the Ten Planks of Communism, where individuals are not allowed to own property.
2007-05-29 03:46:26
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answer #2
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answered by ShadowCat 6
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