Financial Annuities in Mexico

The circumstance I am contemplating however involves a person whose financial acumen is at a level that they have never had a bank account or enough money to open one. I am hoping to provide them with an income for life. A modest income, yes. But something that will provide them with worry-free certainty of an income stream.

Ah, yes. This is one of those instances where an annuity might make sense for someone. Depending upon the situation and the amount of money, one alternative might be a trust. Consult a competent attorney about the advantages and disadvantages of a trust. Of course, you are going to need to talk to a Mexican abogado/a since, so far, we have been assuming that this is all going on in Mexico, yes? Trusts will have their own set of additional fees and there are reasons why there are plenty of lawyer jokes.

DISCLAIMER: None of the material above is meant to be legal advice or legal recommendations in the United States or Mexico or just about anywhere else in the world. CONSULT A COMPETENT LEGAL REPRESENTATIVE! (Our lawyers told us to say that. Have I ever told you, Fellow Zihuaphiles, how much I love this forum?)