Who Will Inherit Your Property in Mexico?

Posted by Mexlaw

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....

24 August

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Wills and Estates in Mexico Q & A

Posted by Mexlaw

in Mexican Will, MexLaw

Last Update: August 24, 2024

WHAT IS WILL MONTH IN MEXICO?

September is Will month in Mexico. It’s a reminder to prepare for the inevitable and leave your affairs in order, so that family members inherit property and not complications.

MexLaw attorneys can assist you in preparing your Mexican Will and answer any questions you may have about your estate.

During September, we are offering a discounted price of only $250 USD + VAT (regular price $522).

Take advantage of this promotion before September 30th, 2024.

09 September

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Important Facts About Wills and Your Mexican Estate

Posted by Mexlaw

in Mexican Will, MexLaw

September is will month in Mexico, and the Mexican government offers incentives to property owners to encourage them to prepare a will. Foreigners with investments in Mexico may have a will prepared in Canada or the US, however getting a foreign instrument recognized in Mexico can entail a lengthy and expensive process. The foreign will must be translated into Spanish by an official court-approved translator. It must be "Apostilled" in the country where it was prepared. Canadian wills are not required to be apostilled but will need to be translated into Spanish by a court-approved translator and submitted to the...

15 August

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

Posted by Mexlaw

in Legal Services, Mexican Will, MexLaw, Real Estate

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...

06 September

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

Posted by Mexlaw

in Legal Services, Mexican Will, MexLaw

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...