Thai Will In Thailand Estate Planning In Thailand-hit5杨帆

Legal It is not required by law to make a will in Thailand, but by making a will you decide what happens to your assets and possessions (the estate) when you die. If you die without a will the statutory rights of succession will determine what happens to your estate when you die. Without a will your assets will be distributed according to the law rather than your wishes. We draft wills for foreigners with assets in Thailand, specifically limiting the will to assets in Thailand, excluding assets in other countries through a limited jurisdiction clause in the will. By making a legal Thai will you decide how your estate in Thailand is passed on to family and friends when you die. For example, if you are unmarried your Thai partner may not be entitled to anything based on succession laws, but in a will you can leave property and possession to your partner. You can also exclude persons in the will who would otherwise be entitled to assets based on statutory succession laws. Under Thai law it is possible to write your will yourself, but it is re.mended that you use a professional will writing service like offered by Isaan Law Online . There are legal formalities to follow and a legal professional will make sure that your will is clear and drafted according to the law to prevent problems with the execution of the will when you die. The most .mon form of last will in Thailand is a will according to section 1656 of the Thailand Civil and .mercial Code . This is a will in writing, dated at the time of making of the will and signed by the testator before at least two witnesses present at the same time. A witness cannot be a beneficiary of the will and should be an independent witness. In the will the testator can chose one or more persons to be executor or joint executors of the will. The executor will deal with the division of the assets and possessions after the testators death. If no testator is appointed under Thai law the Court will appoint an executor. The appointed executor or administrator of the will can be a beneficiary of the will. It is generally re.mended to appoint an executor and substitute executor in the will. The will includes the details of all beneficiaries (full name and their relationship) and what you are leaving to them. The will states the testators wishes how his estate is shared and who gets what. A will made in Thailand can specifically deal with assets in Thailand and the testator could limited the effect of the will to his estate within the jurisdiction of Thailand. Once a will is made it is re.mended to keep the will in a safe place. It is possible to change and update the will later as as circumstances change. In this case it is possible to make alterations or to add supplementary changes which must be properly witnessed, or the will is revoked and a new will is made. Foreigners in Thailand often find it difficult to find an English speaking Thai lawyer who can draw up a will for them according to the laws of Thailand. Thailand Law Online professional will drafting service has helped numerous foreigners in Thailand in obtaining this essential customized will document online at a low price. Quality custom Thai wills online without the need to visit a lawyer at his office. About the Author: Inside Main Requirements In Considering Employment Lawyers By: William Begley – Employment law is incredibly hard because of the fact that it is made up of various clauses that are developed to protect the interest of the staff and employers. It can help manage issues like discrimination during employment, unfair salary, ter … Tags: Learn The Idea Of Hiring Severance Lawyers Using These 5 Ideas By: Michael Black – Everybody knows that discrimination is happening almost everywhere in the world. It is taking place between employees and employers. 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