Here are the questions addressed in today’s episode:
– Real estate in the Dominican Republic
“Kathleen, my ex-wife is Dominican, and she used to tell me that if a property/house in the Dominican Republic is vacant for a period of time, house squatters can break into the property, set up their own living arrangements, and are able to stay indefinitely without circumstances. The property owner has no rights whatsoever, and the law doesn’t care.
If this is true, who would purchase a house in the DR if they were not constantly there? Is this a problem in other countries, too?” – Douglas L.
– Do we need to file a FBAR?
“Kathleen, I own land in Costa Rica. We did site work and paid for a driveway and water management. The land is paid for and we had to form a corporation so the shares that represent our land could be transferred to us from the developer.
“My question is: Are we required to file a FBAR? Our former tax accountant had recommended that we do so while we were wiring money on a quarterly basis for the land payments, but the land was paid for in full in 2015 and we have only wired money in 2016 for landscape maintenance to the company that provides this service.
We do not have any bank accounts in Costa Rica, and we never have. Any money wires were directly from our U.S. bank account to theirs in Costa Rica. What do you think? Thank you.” – Theresa P.
– Wheelchair friendly cities…
“Kathleen, I am wondering about options for retiring overseas with disability access.
“I once moved to Costa Rica but had issues moving around the city in my wheelchair. I used to be an active person and am very interested in Panama City, particularly, but am concerned about disabled access.
You have suggested Medellín in the past as a good choice for someone in a wheelchair, but are there any other places that could work for me?” – Paulina F.
– Belize retirement programmes
What happens if we are not married (male and female, just never got married)? Do I assume that we could not take advantage of a program as a couple?
The QRP program states that a person must show income of US$2,000 per month and an additional amount for the spouse, but that they both do not have to show US$2,000 per month. What would happen in our case? Since we are not married, we both would have to show the US$2,000 per month?” – Shirley W.
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