Apachewoman Posted April 20, 2019 Report Share Posted April 20, 2019 Hello and Thanks in advance for sharing your personal experience (PM if you prefer) about Mexican Bank Trusts specifically ~changes to beneficiaries property owners listed) on an existing Fideicomisso allowed and under what circumstances ~does a divorce of the original named beneficiaries trigger a notification by original beneficiaries to trust Bank or the death of one of the named owners? Or is this optional notification? ~can a secondary beneficiary named as recipient on death of owners BE CHANGED during life of the trust? ~can one primary beneficiary/owner quitclaim his/her share to the other without the cost of title/closing expenses? and an expiring Fideicomisso ... what is the process cost and efforts needed to renew or change the title method to a Direct Deed. Thanks for sharing any personal experience regards the above Quote Link to comment Share on other sites More sharing options...
Willie Posted April 20, 2019 Report Share Posted April 20, 2019 Go to your notario for the most accurate answers. 3 Quote Link to comment Share on other sites More sharing options...
AngusMactavish Posted April 20, 2019 Report Share Posted April 20, 2019 There can't be but a few that even had to know what a fideicomisso is as we are more than 50 km. from the coast. 1 Quote Link to comment Share on other sites More sharing options...
Ferret Posted April 20, 2019 Report Share Posted April 20, 2019 Exactly Angus. There really is no reason to have a fideicomiso here inland. Your deed and a Mexican will cover everything. Why pay bank fees that you don't have to? Quote Link to comment Share on other sites More sharing options...
RickS Posted April 20, 2019 Report Share Posted April 20, 2019 34 minutes ago, AngusMactavish said: There can't be but a few that even had to know what a fideicomisso is as we are more than 50 km. from the coast. ... and I would suspect, but do not know for sure, that one size fideicomisso does not fit all. Quote Link to comment Share on other sites More sharing options...
Willie Posted April 20, 2019 Report Share Posted April 20, 2019 (edited) It take the places of a will and can be changed but is expensive to do so......TALK TO A NOTARIO! We used them for property "ownership" in Mazatlan. Edited April 20, 2019 by Willie Added comment Quote Link to comment Share on other sites More sharing options...
slainte39 Posted April 20, 2019 Report Share Posted April 20, 2019 Quote This is not the place to be getting this kind of complicated and sensitive information for the processes you are asking about. Talk to the trust department of the bank issuing the fideocomiso, an attorney, or a notario. for expert advice. 4 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.