Intestate property refers to real estate lacking a legal owner, requiring a succession process to establish rightful ownership before any claims or sales can be made. This procedure aims to identify the new property owner and grant them the authority to manage the property as they see fit....
Continue reading[vc_row triangle_shape="no" css=".vc_custom_1447863467772{padding-bottom: 70px !important;}"][vc_column][mkd_accordion style="accordion"][mkd_accordion_tab title="WHAT IS WILL MONTH IN MEXICO?" title_tag="h4" title_padding="13" content_padding="11px 15px 20px 15px"][vc_column_text] September is Will month in Mexico. It’s a reminder to prepare for the inevitable and to leave in order affairs so that family members inherit property and not complications. Notaries offer a considerable discount during this month, sometimes up to 50%, of the regular fees to prepare a Will. [/vc_column_text][/mkd_accordion_tab][mkd_accordion_tab title="WHAT HAPPENS TO PROPERTY WHEN A PERSON DIES WITHOUT A WILL?" title_tag="h4" title_padding="13" content_padding="11px 15px 20px 15px"][vc_column_text] This is referred to as an abintestate Estate. In Mexico, property of the deceased is not automatically and...
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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...
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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...
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Explore crucial insights on Mexico's annual property tax, impuesto predial, and the responsibilities foreign buyers face. From SAT regulations to strategic payment tips, our legal experts guide you through the process for a seamless real estate experience. ...
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