Post by mangomoney on May 30, 2016 10:35:31 GMT 7
Protecting Your Assets: How to Create an Effective Will in Thailand
Bangkok Post, Corporate Counsellor Column
January 24, 2014
Planning for asset distribution after death is one of the most significant actions a person can take, both to provide a better future for one’s heirs and to ensure that one’s intentions are fulfilled. A properly constructed will is a significant step toward fulfilling these important aims.
The primary purpose of a will is to clarify how you want your property to be distributed after you die. An equally important reason for having a will, however, is that it increases the likelihood that your assets will be transferred in the most cost-effective and efficient manner.
For those people with assets in Thailand, it is essential to have a will in place. Without a legally binding will, the distribution of your assets will be subject to the provisions of Thailand’s Civil and Commercial Code (CCC), which can complicate a straightforward distribution of assets.
When drafting a will, there are several important points to keep in mind, which will be discussed below.
more...
www.tilleke.com/resources/protecting-your-assets-how-create-effective-will-thailand
Bangkok Post, Corporate Counsellor Column
January 24, 2014
Planning for asset distribution after death is one of the most significant actions a person can take, both to provide a better future for one’s heirs and to ensure that one’s intentions are fulfilled. A properly constructed will is a significant step toward fulfilling these important aims.
The primary purpose of a will is to clarify how you want your property to be distributed after you die. An equally important reason for having a will, however, is that it increases the likelihood that your assets will be transferred in the most cost-effective and efficient manner.
For those people with assets in Thailand, it is essential to have a will in place. Without a legally binding will, the distribution of your assets will be subject to the provisions of Thailand’s Civil and Commercial Code (CCC), which can complicate a straightforward distribution of assets.
When drafting a will, there are several important points to keep in mind, which will be discussed below.
more...
www.tilleke.com/resources/protecting-your-assets-how-create-effective-will-thailand
