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Mexican Will

MEXLAW > Mexican Will

Foreigners Buying Real Estate in Mexico are Advised to Hire a Mexican-Based Lawyer

Mexico's real estate market is diverse and robust and if purchased through the correct channels, a secure investment. The Mexican real estate market continues to flourish offering excellent ROI in the form of vacation rentals, appreciation for investors and a better lifestyle with affordable luxury housing for your retirement. Foreigners can purchase property in Mexico however, there are restrictions regarding buying property within the restricted zone, which is any property within 50 kilometers from the coast or 100 kilometers from the border. Foreigners may purchase property within restricted zones, provided it is held in a fideicomiso (bank trust), or the buyer can...

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Who Will Inherit Your Property in Mexico?

Many foreigners invest in real estate in Mexico to benefit from the high returns on investment that this market offers, to enjoy their leisure time here by owning vacation property, to retire, or a combination of all of the above. Ironically, few foreigners give any thought to what will occur to their property in the event of death. The purpose of this article is to provide some insights on how Mexican Law will deal with property owned by foreigners upon death and, hopefully, will provide foreigners with some suggestions on how to deal with this situation. A foreigner with property in...

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September is Will Month in Mexico, Is Your Estate in Order?

Each year, Mexicans are encouraged to have a Will completed in September. If you are a foreigner who owns property in Mexico, you also need to have a Will created in Mexico. Death is not a subject we enjoy discussing, however, you need to be prepared. Mexicans, as a culture, have a unique relationship with death. They celebrate and venerate their ancestors on los días de los muertos, which is celebrated from October 31 to November 2. As a prelude to the celebrations, every September in Mexico is considered Will month. Mexicans are encouraged to prepare a Will, and notaries...

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Foreigners Living in Mexico Need Estate Planning

The Embassy of Canada in Mexico recently published a reminder to all Canadians living or working abroad, specifically in Mexico. The focus of the reminder was on Canadians residing in Mexico, but all nationalities are reminded to consider the possibility of passing away outside of their homeland. When a loved one dies while living in another country, it makes an emotional situation even more stressful. Documenting your wishes can save your friends or family a great deal of stress and aggravation. Death is not a subject we enjoy discussing, but in the circle of life it is inevitable, you may as...

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Last Will And Testament of a Foreigner in Mexico

It is important to understand it may be difficult for your loved ones to deal with your estate if you do not have a Mexican Will. Residence of Mexico, primarily property owners, should consult a Mexican attorney regarding their estate planning. Is a Canadian or American Will valid in Mexico if it includes my Mexican real estate and valuables? Although your foreign Will is valid in Mexico, the time and expense it takes to have it verified and processed will cause your family undue stress and expense. The problem is getting these documents recognized, American documents need to be apostilled, and notarized in...

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