I established a Trust on a parcel of real property located in Merida, Yucatan. The term of said Trust is 15 years and this period is about to expire. What do you recommend I do?Trusts
We recommend you speak with the Trustee of the credit institution named as Trustee in your Trust Agreement, and request an extension be filed with the Ministry of Foreign Relati...Read more...
What is the difference between a Revocable Trust and an Irrevocable Trust?Trusts
Overall, we can say that the revocable trust allows the Trustor to retain control over the assets/property and have unrestricted access to same; and in the irrevocable trust, th...Read more...
What is the term for fideicomisos (trusts) established with respect to real property located in the restricted zone in Mexico?Trusts
Up to 50 years, and they are renewable. Do you want to ask us anything? Please feel free to do soRead more...
What condition is required of foreigners in order to establish a fideicomiso (trust) on real property located in the restricted zone in Mexico?Trusts
To consider themselves as Mexican with respect to their rights as Beneficiaries, and in light thereof, not to invoke the protection of their governments under penalty, oth...Read more...