Why trust deed ownership?
The trust agreement was established by the Mexican government for foreigners interested in owning property in Mxico. It has the benefit of the bank overseeing the deed. A further benefit has been that co-owners can be listed on a trust deed using solidaridad activa. Upon the demise of one, the property automatically goes to the other and probate is avoided. The importance of the designation can not be understated as this allows either party to sell the property and does not require the agreement and signature of all parties. Another advantage is that a beneficiary can be named, which also avoids probate. This beneficiary may be unrelated to the owner.
