Live And Invest Overseas #5: Is my U.S. will enough?

Fifth podcast episode by Kathleen Peddicord and Lief Simon – Live And Invest Overseas
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Here are the question addressed in today's episode:

Orrin L. writes:

“I own farmland in Brazil and Costa Rica. I hold title to some in a domestic USA LLC and some in a LLC set up in my IRA. I also own farmland in Panama that I currently hold in my own name as my understanding is that is the only way I could use it to secure residency if I choose to go that way. As of now I haven't pursued that…  
 
“My question is I have been told that Panama will honor my U.S. will for passing the property to my heirs. That a Panamanian will is not necessary. Can you clarify for me whether that is accurate? Thank you.”  
 
Thomas F. asks:

“How are the hospitals and services for emergency in Belize? Or would you need to be sent back to the States in an emergency? 
 
“We are thinking about the move there and looking at all of our options, but would like some information on the medical services there. 
 
“What do they have in the way of doctors and pharmacies?” 
 
David H. writes:

“I was referred to you by a friend who is a reader. I have a fiancée and two boys in the Philippines who I would like to join me when I move to Panama City. What is the best way to obtain a visa for her? Thank you.” 
 
Glen L. says:

“I have spoken to two banks that I bank with about a reference letter for opening up an overseas account, and neither of them has any idea what information to include. 
 
"Could you possibly provide some assistance as to what they should include in a reference letter for me? 
 
"Much appreciated." 
 
Rich T. writes:

“I am a member of your Simon Letter service, and I'm hoping you have some knowledge of regulations related to investing in Chile. Do you know if foreigners can own land in Chile? We are thinking about purchasing land in the remote area of southern Chile."
 
Bruce F. asks:

“Kathleen, I am a retired federal employee and have a pension for life of about US$4,000 a month. They take out about US$800 a month from that in state and federal taxes.  
 
“What countries would give me a better tax situation? I am particularly interested in Panama.”