Selling property in Mexico. My parents are getting ready to drive down to Chihuahua, MX to sell a house that my grandma on my moms side left for her. My mom doesn't want to move there and renting it out seems like a lot of work. My mom wants to just sell the house and be done with it. Her concern is that the Mexican police or U.S. Boarder Patrols are going to be suspicious of where she got the money from. Should she bring the money back in a cashiers check? Should she have the money wired to her bank account or to my dads Credit Union? Should she open an account in a bank in Mexico and keep the money there? Or are there other options which would result in her keeping as much money as possible.
She should wire the funds and absolutely NOT carry in cash or in cashier checks/money orders across the border. If wired into a separate account, and kept in a separate account the inheritance money remains separate property, not community property.
No one on Avvo can advise about Mexican taxes or law, if any. In the US, money received from an inheritance is not taxed.
The above is general legal and business analysis. It is not "legal advice" but analysis, and different lawyers may analyse this matter differently, especially if there are additional facts not reflected in the question. I am not your attorney until retained by a written retainer agreement signed by both of us. I am only licensed in California. See also avvo.com terms and conditions item 9, incorporated as if it was reprinted here.
Please, do not ever try and bring cashier's checks or cash with you across the border. Make sure she wires the money into her bank account. Yes, she will pay a fee for having the bank wire the funds, but that beats having the cash lost or stolen.
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