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DaliDali
Super Nomad
Posts: 1132
Registered: 4-21-2010
Location: BCS
Member Is Offline
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If a person owns property under a fideicomiso and a beneficiary is listed in the fidi......that document serves as a "will" in regards to the
property.
Once the fidi holder is gone, the beneficiary provides the issuing bank the proper ID, death cert. and the actual fidi document and gets it in his/her
name.
Once the bank issues a new fidi in the beneficiary's name, it has to go thru a notario to legal it all up.
I just spoke to an attorney today (April 11th) and this is what I was told is the procedure.
For other "stuff" such as vehicles, boats, quads, etc, a will be necessary to allow the release of this "stuff" upon death of the owner to the named
bennie. Copies of the titles to any vehicles or boats are necessary.
Household goods.....micros, fridges, PC's, furniture, tools and so forth are deemed to be a part of the casa and being a fidi bennie would include
those items. It is not necessary to provide bills of sale or receipts for household goods.
The sequence of events in obtaining a MX will is to have a certified translator prepare the text of the last will in Spanish.....then have an attorney
draw up the documents in proper form, fully translated and present to an notario for his/her blessings via the multiple stamps and scribbly
signatures.
Quote: Originally posted by bajaguy  | Nope. You need a Mexican will south of the border. Ask any attorney or Notario in Mexico
| Quote: Originally posted by pauldavidmena | | My wife and I have both wills and living wills, notarized and stashed away in a safety deposit box here in Cochituate. It does suggest the question of
whether or not any of it is legally binding south of the border. |
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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Notario also records the document (will) in the records of the state capitol, in our case, Mexicali
| Quote: Originally posted by DaliDali | If a person owns property under a fideicomiso and a beneficiary is listed in the fidi......that document serves as a "will" in regards to the
property.
Once the fidi holder is gone, the beneficiary provides the issuing bank the proper ID, death cert. and the actual fidi document and gets it in his/her
name.
Once the bank issues a new fidi in the beneficiary's name, it has to go thru a notario to legal it all up.
I just spoke to an attorney today (April 11th) and this is what I was told is the procedure.
For other "stuff" such as vehicles, boats, quads, etc, a will be necessary to allow the release of this "stuff" upon death of the owner to the named
bennie. Copies of the titles to any vehicles or boats are necessary.
Household goods.....micros, fridges, PC's, furniture, tools and so forth are deemed to be a part of the casa and being a fidi bennie would include
those items. It is not necessary to provide bills of sale or receipts for household goods.
The sequence of events in obtaining a MX will is to have a certified translator prepare the text of the last will in Spanish.....then have an attorney
draw up the documents in proper form, fully translated and present to an notario for his/her blessings via the multiple stamps and scribbly
signatures.
| Quote: Originally posted by bajaguy | Nope. You need a Mexican will south of the border. Ask any attorney or Notario in Mexico
| Quote: Originally posted by pauldavidmena | | My wife and I have both wills and living wills, notarized and stashed away in a safety deposit box here in Cochituate. It does suggest the question of
whether or not any of it is legally binding south of the border. |
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