Do I need the bank to participate in the mortgage cancellation?

Yes, the bank is required to participate in two aspects:

Issue the zero debt certificate: a document that certifies that the mortgage is fully paid. The bank is obligated to deliver it free of charge within 7 business days from the request.
Sign the cancellation deed: a bank representative must appear before the notary (in person or via videoconference) to execute the cancellation deed.

However, you can choose the notary where the deed is executed. You are not required to use the bank's notary or agency, which can result in significant savings.

Our team coordinates with the bank to obtain the certificate and the representative's schedule for the notarial signing.

More questions about Wills

What do I need to do with the will of a person who has died?

Upon the death of the testator, the following steps should be taken:

First, obtain the death certificate, which is usually provided by the company that handled the funeral services.
Second, obtain the certificate of last wills. This certificate cannot be obtained until at least 15 days have passed since the testator's death; many death insurance policies include the provision of this certificate; if not, please contact us, and we will facilitate it for you.
Once we have the death certificate and the certificate of last wills, we will verify in which notary office the last will was executed. With this information, we can request the authorized copy, and once obtained, we can initiate the procedures for the adjudication of the inheritance and the processing of the inheritance and gift tax.

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What is an executor and what is its function?

An executor is a person designated in a will by the testator to administer and distribute the assets of the deceased person in accordance with the provisions established in the will. The executor has the responsibility to ensure that the wishes of the testator are fulfilled and can be a trusted friend, a family member, or even a professional.

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Can I change my will in the future?

Yes, you can change your will at any time as long as your mental capacity is not impaired. To make changes, you must make a new will that revokes all previous wills. Therefore, the last will granted will be the only one that has validity.

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Do I need a lawyer to make a will?

It is not mandatory to hire a lawyer to make a will; our team of document managers will assist you in the processing and management of your will for its signing at the notary.

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What is the difference between a will and a living will?

A will is a document that takes effect after a person's death, whereas a living will is a document that sets out your wishes and decisions regarding medical treatments and healthcare in the event that you are unable to make decisions for yourself.

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Why is it important to make a will?

Making a will allows you to have control over the distribution of your assets and ensure that your wishes are fulfilled after your death. Without a valid will, your assets will be distributed according to the law, which may not reflect your wishes or priorities.

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Other procedures

For a slower read, on the blog we explain each procedure step by step.