Wills, Trusts, and Fideicomisos

Wills, Trusts, and Fideicomisos

Our experience goes back more than 20 years.

The Mexican trust, or fideicomiso, is the most common way to purchase land on Mexican borders and beaches. We at CancunLaw have been working with fideicomisos since 1994. Our extensive experience gives us a thorough understanding how the Mexican trust works, including what information should and should not be contained in the document. We know how problems get started. We see them coming and we stop them before they happen.

Fideicomisos

The vast majority of foreigners (non-Mexican citizens) who have bought land in fideicomiso have no idea what the document says.  Even though it controls all aspects of their Mexican lands, none of their representatives ever explained it to them.  The clients were “funneled” through the purchase process, they signed the document and paid hundreds of thousands of dollars, and do not know what they signed.  Instead, they simply did what they were told to do by the people putting the closing together.  They didn’t even ask questions.

Many foreign buyers pay the full purchase price and sign the closing documents without having any idea what they are signing or whether the information contained in the document is correct. They would never do this in their home country, yet they let themselves be railroaded through the closing process in Mexico.  You are the one with the money.  You determine how this process should go. Don’t “check your brains at the border”.

U.S. Wills and Trusts

You also need to consider how your assets will be passed to your heirs upon your death. At CancunLaw, we have extensive experience in international estate planning. We coordinate your U.S. estate plan with your Mexican will, your fideicomiso and your Mexican corporation so that at your death all your Mexican assets transfer to your loved ones as you intended.

With CancunLaw at your side, you will fully understand the process and will actively participate in it. We work with you to understand your needs and concerns and we educate you so that you can make well-informed decisions. Lastly, being a fully bilingual firm, we work with the original Spanish language documents to ensure that they are correct and enforceable (see FAQs “A Word About Translations”). In short, it is our job to ensure that your transition into Mexico is a safe and pleasant one.