Beneficiary

21:23 Feb 26, 2015
English language (monolingual) [PRO]
Law/Patents - Real Estate / Who or What can be the beneficiary of a Fideicomiso
English term or phrase: Beneficiary
I have a translation of the Mexican law regarding the permitted beneficiaries of a Fideicomiso. The translation states the beneficiary can be, "foreign individuals" or "legal entities". Does anyone know if that is a correct translation of the law regarding ownership of property requiring a Fideicomiso. If it is correct, then my next question is can a "USA created and properly registered Trust", be the Beneficiary in a Fideicomiso? Thanks
wnhart
United States


SUMMARY OF ALL EXPLANATIONS PROVIDED
5beneficiario
Antonio Tirado


Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 5/5
beneficiary
beneficiario


Explanation:
In this respect it is that of a "Fideicomisario": trustee, beneficiary of a trust, legal representative of debenture holders. Especially since you referred specifically to a "Fideicomisario," in English in your example query. This is commonly know in both Real Estate and certain facets of Law.

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Note added at 1 hr (2015-02-26 23:05:31 GMT)
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The response to the second question I am uncertain of as I am unfamiliar with the international law(s) between Mexico and U.S.A. of which may govern that aspect.

Antonio Tirado
United States
Local time: 10:39
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Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
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