Why You Need to Make a Last Will and Testament in Thailand
Whether you’re living in Thailand or not, it’s essential to draft a last will and testament in your country of residence. In this article, you will learn why you need to make a will in Thailand, what happens when you die without one, and what to include in your Thai will. Listed below are some helpful tips to draft a Thai last will. Once you’ve completed the list, you can start drafting your will.
Why You Need a Will in Thailand
A will is a legal document that sets out who will inherit your property after your death. While it may seem simple enough, wills can be incredibly complex. After all, no one knows when they will pass away. A child named as the owner’s heir may not live long enough to inherit anything. In Thailand, for example, an ex-spouse may make a claim on your estate. You can also include contingencies such as gifts to specific family members or even charities, depending on your wishes.
When you die without a Thai Will, Thailand’s laws will determine how to divide your property. Despite the fact that Thailand is a country of many different languages, Thai laws are particularly strict. A Thai Will must be translated into Thai in order to be legally valid. Thai Wills must also be signed by two people. Afterwards, you can register the document at your local district office. This legal document will allow you to pass on your assets and keep your loved ones safe.
What Happens When You Die Without a Will
The laws of Thailand differ from those of most countries. In Thailand, for example, a will can only name one person as a beneficiary, and no one can be both a witness and a beneficiary. If you have no will, the Thai government will determine who gets what from your estate. The Thai Commercial and Civil Code contains specific rules regarding inheritance. A properly executed will guarantees that your wishes will be followed and no one will be left out.
If you have assets in Thailand, you should consider making a will. Thailand has strict laws governing the distribution of property. If you are married, your spouse automatically receives half of your community property. The rest will be distributed to your children and statutory heirs. These heirs must be your spouse or children or be legally married. In Thailand, if you do not have a will, your assets will go to the government and your spouse.
What to Include in Your Last Will in Thailand
Whether you live in Thailand or another country, you should make a Last Will and Testament (LWT) for your assets before you die. It details what you want done with your Thai assets after your death. A valid Thai will must be written by a person of sound mind in one of the prescribed forms. Your spouse will be the beneficiary of half of your estate. Your Thai will should also state who is to inherit your property and any other assets.
Thai will laws are very different than in other countries. They differ in certain ways, so be sure to familiarize yourself with Thai will laws and the requirements for preparing one. In Thailand, a witness cannot be a beneficiary of the will. To create a valid will, the writer of the will must sign a statement declaring that he is the writer. If you have minor children, you may choose to name a “controller of property” in your will.
