My Thai wife and I own property in both our countries. We have been married nearly 20 years, but I am 25 years her senior!
We have lived in both countries but after a recent 5 year stint in Thailand, we are now back in New Zealand the last 4+ years.
My house in N.Z. is obviously worth more than equivalent Thai property but planning to downsize due to my age,(now 76), we find ourselves pondering how to handle our money and assets. If my wife sold some of her Thai property now, (other than the family home & land), could she take the money out of Thailand to make life more comfortable for us here, travelling locally and overseas while travel insurance is available for me? She has close friends in both countries and family in Thailand, Australia and East Asia. In a few years, after my eventual demise, if she decided to live out her days in LOS, not N.Z. she could bring her money, plus all my legacy money back to LOS plus my money and live very comfortably.
What snags, complications or losses would we expect to face doing this?