As many of us cruisers are getting long in the tooth and we WILL eventually die and as good competent sailors we all believe in proper planning and preparation, here's the question:
Assuming that a boat
has been temporarily imported into a country (specifically Mexico) registered in the boat
owner's name and he dies not at sea but peacefully in bed
(hopefully with a smile on his face) and he has a Will in his home country appointing his Spouse as executor and sole beneficiary (of course, we all of us DO have Wills don't we), how does the Spouse go about getting or showing that she has the legal
authority to get the boat out of the country, sell it or otherwise deal with it.
The problem is of course that for Mexican or import
purposes the boat will still be registered in the name of the deceased but the spouse/estate/executor will likely have changed the registration
of the boat into the name of the executor or beneficiary
.......and does Mexico
extract any percent,fees etc on "approving/certifying " a transfer of the deceased's property that is in Mexico
(a combination of the inevitable 'death and taxes')
And a last, related question, any suggestions on what can the boat owner do in advance, (while he is still alive) to make it easier for his estate or spouse to be able to deal with the boat after his death?
I am particularly interested where the boat is imported into Mexico under a TIPP.
Has anyone had any experience on this (assuming of course that you are not the deceased, in which case I do not expect an answer)
Hopefully the answer is NOT that you need to probate your Will in Mexico or prepare a second "Mexican" Will.
Thanks in advance for any suggestions (PS: I'm not about to die.....I think, .....)