International Inheritance Laws

You are currently viewing a revision titled " Grenada Inheritance Law", saved on April 17, 2013 at 5:04 pm by Estilda Morales
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Grenada Inheritance Law
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Grenada is an Island, and a commonwealth that is form by six smaller islands and Grenada himself. Is located at northeast of Venezuela, and southwest of Saint Vincents and the Grenadines. The official language of this country is English but the main spoken language is either of English-based Creole languages (Grenadian Creole English) which reflects the Indian, African, and European heritage of the nation

In Grenada as many other countries they make wills and have probate courts. In Grenada, the main gifts of inheritance that are given are devices or gifts of real property (Land), which are generally passed along the males in the family. The reason why the man is the one who inherited is because they still believed that the man has to have the control power of everything in addition to this they believe that women has to be taken care of by their husbands  in others words the man benefits most from an inheritance. Transfers of real property as gifts (Devices) are subject to property transfer tax. The tax is imposed on the value of the property that exceeds the threshold amount. The properties transfer tax rates for donors are 5% for citizens and 15% for foreigners.

If you are looking to make a will in Grenada, you can contact one of the many lawyers that specialize in wills and other area of law. Shadel Nyack Compton is a lawyer in Nyack Compton & Associates. You can visit their website at http://www.nyackcompton.com for more information. This Law Firm covers many other areas of law such as Real Estate Law, Corporate Law, Business Law, Probate Law, General Practice Law, Copyright, and Trademarks & Patents. Shadel Nyack the principal attorney of this Law Firm studied in the United States and also is a member of the American Bar Association.

 

 

 

 

(http://www.everyculture.com/Ge-It/Grenada.html)

 

 

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