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Important Facts About Wills and Your Mexican Estate

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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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...

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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....

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Can Foreigners Buy Property in Mexico? Bank Trusts vs. Corporations

A common question asked of real estate agents is “Can foreigners purchase property in Mexico?” The simple answer is absolutely! Not only is it possible, but it is also quite popular, especially in tourist destinations like the Riviera Maya, Puerto Vallarta, Riviera Nayarit, and Baja California....

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