Puerto Rico Agreement to Partition Real Property Between Children of Decedent

State:
Multi-State
Control #:
US-1190BG
Format:
Word; 
Rich Text
Instant download

Description

Partition is the division between two or more persons of real or personal property held by them in common ownership. The division can take place between joint tenants or tenants in common.
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FAQ

If a person dies and does not leave a valid will indicating who their heirs will be, it is necessary to complete a legal process to obtain a declaration of heirs. The first ones called to inherit as heirs will be the descendants and the surviving spouse and, if these do not exist, then their ascendants inherit.

This means that if someone dies owning property in Puerto Rico, in order to transfer that property to another person, you must go to court to get the permission to transfer and register the property to the new person. This is what is commonly known in the U.S. as probating an estate.

If no Puerto Rican will exists, then the court will issue a resolution declaring who are the heirs, commonly known as a "Declaratoria de Herederos". There is a possibility that an additional hearing may be needed before the judge can decide who are the heirs.

Forced heirs are: (1) Legitimate children and descendants, with regard to their legitimate parents and ascendants, and legally recognized natural children, with regard to their natural or legitimate parents and ascendants.

Surviving spouse is in a third order of succession. First order were descendants, second ascendants and in the absence of both, surviving spouse was the heir. Surviving spouse is a forced heir. The Code adds the surviving spouse to the first order of succession as forced heir.

A: After November 28, 2020, Puerto Rico rule of law determines that the heirs of an estate are the deceased's spouse and children. Before that date, the estate belongs to the deceased's children with an inheritance lien in favor of your widowed mother (called in Spanish, "la cuota viudal").

Property That May Avoid Probate Property held in a trust3 Jointly held property (but not common property) Death benefits from insurance policies (unless payable to the estate)4 Property given away before you die. Assets in a pay-on-death account. Retirement accounts with a named beneficiary.

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Puerto Rico Agreement to Partition Real Property Between Children of Decedent