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Upcoming Live Webinar: U.S.-Mexican Tax and Estate Planning for Cross-Border Clients

Important Information or US Citizens Investing in Mexico

I am pleased to announce that I will be speaking in an upcoming Strafford Live Webinar, “U.S.-Mexican Tax and Estate Planning for Cross-Border Clients” scheduled for Tuesday, November 14, 1:00pm-2:30pm EST.

The lengthy Mexico-U.S. border and extensive ties between the two countries result in significant economic migration. Many U.S. citizens and permanent residents have property interests in Mexico and vice-versa. Estate planning counsel and advisers must identify the tax and wealth transfer planning rules and opportunities specific to U.S. and Mexican citizens with assets and presence in both countries.

Mexican law has neither an estate tax nor a deemed disposition regime for property passed through inheritance, nor does it provide for automatic right-of-survivorship in joint tenancy or spousal property ownership. At the time of marriage, spouses must indicate whether the marriage entails joint or separate property treatment, and this election can take precedence over an asset’s title. In many cases, transfer of Mexico-situs property to non-Mexican taxpayers is a taxable transaction requiring Mexican tax withholding. Tax advisers to U.S. citizens with tax presence in Mexico must ensure that U.S. and Mexican wills, trusts and transfer provisions are properly coordinated to avoid costly tax consequences.

Mexican law also imposes restrictions on ownership of some property by non-Mexicans, particularly real estate in certain specified locations. U.S. taxpayers contemplating property purchases or transfers of covered Mexican property must be aware of the entity requirements to safely hold Mexican assets.

Our panel will provide estate planners with a comprehensive guide to estate planning tax challenges and opportunities for clients who have tax presence in both the U.S. and Mexico. The panel will discuss the U.S. tax law and treaty provisions that govern tax and fiduciary rules in both Mexico and the U.S. The webinar will focus on the U.S. tax and other consequences for Mexican clients with U.S. tax presence and U.S. taxpayers who own or plan to invest in Mexico-situs real estate and other assets.

We will discuss these and other important topics:

  • What considerations impact U.S. taxpayers wishing to hold real estate in one of Mexico’s “restricted zones”?
  • Coordinating U.S. estate plan with Mexican wills and trusts
  • Treatment of inheritance of Mexican-situs property
  • Differences in U.S. and Mexican residency rules for purposes of sourcing taxable income

After our presentations, we will engage in a live question and answer session with participants so we can
answer your questions about these important issues directly.

I hope you’ll join us.

For more information or to register (special 50% off offer): Click here
Or call 1-800-926-7926 ext. 10
Ask for U.S.-Mexican Tax and Estate Planning on 11/14/2017
Mention code: ZDFCT

Charles Tibshirani, Senior Partner
Playa del Carmen, México