What you should know about Powers of Attorney in Mexico
Powers of Attorney in Mexico
Frequently Asked Questions
A Power of Attorney is a legal document that gives someone else the right to make decisions on your behalf.
The term “attorney” refers to the person or persons you have chosen to act on your behalf. The person does not have to be a lawyer.
No. Your Last Will and Testament covers the distribution of your property after you die and only takes effect upon your death. A Power of Attorney only applies while you are alive and ceases to be effective upon your death.
Yes, in accordance with Mexican law, a power of attorney granted in a foreign country, is governed by the laws if the place where it was granted; therefore, a power of attorney granted in Canada in accordance with the laws of that country shall be valid in Mexico.
No. There is no requirement that a Power of Attorney be registered with the Mexican government; however, as general rule, a Notary Public keep a copy for his records.
Yes, in accordance with Mexican law, you can buy or sell a property in Mexico without leaving Canada; you could give authorization to a trusted person to act on your behalf to complete the closing with a special power of attorney for ownership purposes.
Yes, as general rule, there are three types of powers of attorney: a) for litigation and collection proceedings, b) administration c) dominium or ownership purposes. Any of the before mentioned powers of attorney could be granted for generic or specific reasons; a generic power of attorney might be used in different proceedings and, a specific or Ad hoc power of attorney shall be for a specific act or transaction, in other words, a tailor-made power of attorney
The power of attorney must be granted in accordance with Canadian and Mexican law. In Ontario the power of attorney must be granted before a Notary Public in good-standing and it must be drafted in Spanish or translated to Spanish by an official translator; then the document must be authenticated by the province of Ontario and then legalized by the Mexican Consulate.
Selling property abroad could be a complex process; therefore, you should use a tailor-made power of attorney for dominium or ownership purpose with two key clauses: 1. The attorney must follow your instructions in writing and 2) the attorney shall be accountable and liable for any breach of trust.