There's no fool like an old fool

Anything and everything about gay life anywhere in the world, especially Asia, other than Thailand.
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#11 Re: There's no fool like an old fool

Postby Gaybutton » Sun Dec 31, 2017 4:53 pm

fountainhall wrote:I am not sure when he died

It's been a long time. I don't remember exactly, I think it has been around 10 years, maybe more.

But that's beside the point. The point is making sure a long term, loyal, caring Thai boyfriend is provided for without assumptions about how the money will be used or how quickly it will be spent as factors in decision making.

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#12 Re: There's no fool like an old fool

Postby RichLB » Sun Dec 31, 2017 5:42 pm

There is an alternative to filing a will (at least in the US). I'd never heard of this device until a friend of mine told me about it. It's called "Transfer on Death". What this vehicle does is immediately transfer whatever assets are identified to the recipient, thus bypassing probate. I don't think this would include monies or assets held outside the US, but I'm not sure. You might want to check this out with your financial advisor.

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#13 Re: There's no fool like an old fool

Postby fountainhall » Sun Dec 31, 2017 6:17 pm

I was informed that for all an individual's assets in Thailand there must a valid will written in Thai along with the signatures and addresses of two witnesses. That is the only document a Thai court will recognise. Such a document can easily be done via the internet with several law firms offering on-line Thai/English translation wills at a very reasonable cost. Some years ago, mine cost around Bt. 5,000. If that is wrong, I hope there will be a lawyer amongst us with experience of the process to correct this.

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