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Investors & landlords
@Opus 17 , I have no issue with your gift and all the articulation on this . As I said , I am not looking at this as a gift --- just as monies to live/ maintain a house in Japan. You are the expert on gift aspect of the issue.
What I was pointing out that under California Law and even Mexican law a wife owns half of all marital property and can actually exercise it at any time --- thus when I transferred monies to my wife's bank in Mexico to buy a property it was not a gift -- either joint purchase or her exercising her right to marital asset. I was just pointing out that within the particular banks rules one can transfer large sums abroad with really no need for 709 ( of course depending on the actual facts and circumstances ). The reason I had to do it that way because as a foreigner, owning property in Mexico is expensive. Anyways , I digress . Peach be with you, my friend.
pk