|Click to Read the Full Ruling|
The proposed change was seen as a way to further encourage foreign investment by eliminating the costs associated with a fideicomiso. However, those of you who have taken our weekly workshops know that a trust is a great way to own foreign property in any country, as it eliminates any probate issues for heirs to your property in the event of the property owner´s death. (If you didn't know that from our workshops, then come by! We have one each and every Wednesday from December - April!)
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Amber Pierce-Schulz is the Broker/Owner of Mayan Riviera Properties, specializing in Puerto Morelos Real Estate and Puerto Morelos Vacation Rentals. We are members of AMPI and Federally Certified Realtors.