DENNIS
Platinum Nomad
      
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
THE FIDEICOMISO EXPLAINED IN LEGALEZE
http://www.unige.ch/droit/mbl/upload/pdf/M_moire_RETTEG.pdf
|
|
larryC
Super Nomad
  
Posts: 1499
Registered: 8-11-2008
Location: BoLA
Member Is Offline
|
|
Dennis, thanks for that, I'll read it soon. Lots of info.
|
|
Udo
Elite Nomad
    
Posts: 6364
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
Member Is Offline
Mood: TEQUILA!
|
|
Thanks for finding that timely information, Dennis.
It's 85 pages long. I'll read it this weekend, buddy!
Udo
Youth is wasted on the young!
|
|
DENNIS
Platinum Nomad
      
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
Quote: | Originally posted by Udo
Thanks for finding that timely information, Dennis.
It's 85 pages long. I'll read it this weekend, buddy!
|
Yeah........it'll take a weekend to read it and three lifetimes to comprehend it.
Good luck, Udo.
|
|
DENNIS
Platinum Nomad
      
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
I recently had a conversation with one of the landowners involved in the Punta Banda expropriations and he was going to give me his take on the issue
before we got side-tracked, but before that, he made the comment, "There's more than one type of Fideicomiso, you know."
Well....I didn't know that, and I wish our conversation hadn't been interupted because it gave me the feeling that I was about to hear that those who
had bank trusts and were dispossed of their property, didn't have the protection they assumed they had.
It mentions in this document that Fideicomisos can be written with clauses that can be used to nulify the trust, but If that were the case, the expat
would be the last to know about it til it is too late.
Anyway..........who can you trust down here? Certainly not your lawyer if he's from the same town and is probably related to every adversary he might
encounter while defending you.
Jeeeezo...the more advanced Mexico becomes, the worse it gets.
|
|
mcpuitar
Junior Nomad
Posts: 37
Registered: 3-16-2010
Member Is Offline
|
|
Very interesting document Dennis. Thanks for posting it.
|
|
sancho
Ultra Nomad
   
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
Member Is Offline
|
|
Quote: | Originally posted by DENNIS
It mentions in this document that Fideicomisos can be written with clauses that can be used to nulify the trust, but If that were the case, the expat
would be the last to know about it til it is too late.
|
That line so often quoted, 'never invest any more
than you can't walk away from in Baja', I've always thaught
was a little harsh, but....
My future SOB will more than likely be dragging a trailer
down or a rental of some kind. Besides not getting stuck
with something you can't sell, for a variety of reasons
[Edited on 3-23-2012 by sancho]
|
|
DianaT
Select Nomad
     
Posts: 10020
Registered: 12-17-2004
Member Is Offline
|
|
Thanks Dennis---I looked at it quickly and will look at it closer.
I may be incorrect, and maybe after reading it closer I will change my mind, but I still think it and a Mexican Corporations are the "safest" way to
own property in Mexico. I put safest in quotes because I know that NOTHING is absolute.
I just think they are safer than leases, buying with a preste nombre, or by holding an "irrevocable" power of attorney, leasing, or any of the other
"creative" ways property in Mexico is sold.
|
|
DENNIS
Platinum Nomad
      
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
|
|
Quote: | Originally posted by DianaT
I just think they are safer than leases, buying with a preste nombre, or by holding an "irrevocable" power of attorney, leasing, or any of the other
"creative" ways property in Mexico is sold. |
Right-on Diane. The methods you mention are unenforcable in court, if not illegal.
|
|
CortezBlue
Super Nomad
  
Posts: 2213
Registered: 11-14-2006
Location: Fenix/San Phelipe
Member Is Offline
|
|
http://www.librosintinta.in/biblioteca/ver-pdf/www.unige.ch/...
I had a problem with the link but found the above link to work ok.
|
|
MitchMan
Super Nomad
  
Posts: 1856
Registered: 3-9-2009
Member Is Offline
|
|
Great source info.
|
|