volcano
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fideicomiso and will question
it's just a "what if" logistical question. When having the fideicomiso drawn up, i had to assign a person to receive the property if i died. Can
it be left to a third party in a will if my second assignment is dead? for instance if he and I passed at the same time...could i will it to someone
not named in the fidei? Does MX law only recognize the one name you are asked to list as second in line on the fidei?
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bajaguy
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My understanding is that property is divided between remaining spouse and children, if no surviving spouse, then to any children.
YMMV
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volcano
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there are no children
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DENNIS
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| Quote: | Originally posted by bajaguy
My understanding is that property is divided between remaining spouse and children, if no surviving spouse, then to any children.
YMMV |
That would be in absence of a will???????
"YOU CAN'T LITTER ALUMINUM"
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bajaguy
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by bajaguy
My understanding is that property is divided between remaining spouse and children, if no surviving spouse, then to any children.
YMMV |
That would be in absence of a will??????? |
My fallback position is Volcano should contact a Mexican attorney for a consult
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cliffh
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you will need a Mex. will, double check with Attorney.
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paul r
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...just go talk to Jorge Cuadros in Rosarito... he'll show you how to prepare, correctly... don't trust any here say!!!...
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cabobaja
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The bank trust in Mexico is treated the same as a living trust in the US. There is
no probate. When the trust is set-up with the bank and notary, the primary
beneficiary of the trust has full control of the property. The primary beneficiary
can choose up to 6 substitute beneficiaries.
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volcano
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my question is what if the primary beneficiary dies before another beneficiary is substituted...........if I have assigned another option in my
will...it seems that I will need to make a will in Mexico
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