Drafting a Last Will and Testament in Thailand
Civil Law Services
What is a Will?
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Key things to consider
Effective estate planning for property and assets in Thailand requires a clear understanding of the legal framework, including laws on intestate succession and asset distribution. It’s essential to consider the types of property owned and their inheritance mechanisms. Seeking guidance from legal experts versed in Thai property law is advisable to navigate complexities and minimize risks associated with property acquisition and inheritance.
Additional Information
- Property in Thailand becomes an asset once a contract is signed and an initial payment is made, underscoring the importance of estate planning.
- In the absence of a Will, Thai law dictates the distribution of assets among relatives, with specific rules governing the allocation of assets and portions reserved for spouses and other relatives.
- Different property types, such as freehold and leasehold properties, require careful consideration and planning to ensure smooth inheritance and transfer of rights to heirs.
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