pablo el sueco

Sorry for the misuse of "text message". I contacted them by email yesterday at the email address appearing in posts in this thread in the past couple of hours. They replied by email this morning. I think email is the best way to contact them.

From the text message exchange, my two-part question was -- Their response was -- My understanding of the exchange is that the funds must be deposited in a bank and not a credit union. I encourage you to pursue the matter further with the LTR Visa Unit and post your results here.

Here is the exact wording from their email correspondence:

Through email exchanges with the LTR Visa Unit in which I asked specific questions about requalifying under the self-insurance option at the visa's 5-year extension, I have the following understanding of the official position regarding some of the issues being discussed in this thread: The required funds must be in a bank account and not in a credit union account. The funds may be spread across multiple banks or accounts as long as the total amount exceeds the required threshold. To qualify for the extension, the applicant must provide statements showing the funds having been retained on deposit for the 12-month period prior to the extension date.

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I believe I may be negatively impacted by such a scenario. Dividends earned by investing in municipal bonds are not subject to US taxation, but I believe they are not protected by the DTA; if this is true, such dividends may be subject to the proposed new taxation law in Thailand. However, when it comes to filing a claim for foreign taxes paid, I believe there is a prohibition against claiming tax paid on income that is not subject to US taxation. I truly hope I am mistaken.

In an email yesterday, I asked the LTR visa unit what documentation will be required to confirm compliance with the self-insurance provision at the 5-year point. Would they require 5 years of bank statements? They responded as follows:

Thanks for your response. I won't trouble you any further as I am looking for assistance closer to BKK. Best wishes to you on your upcoming move.

@moogradod I've copy-pasted your excellent comment from a topic in a different forum: (page 75 of the topic entitled "Thai government to tax all income from abroad for tax residents starting 2024"). I'd like to respond here in this topic which is a discussion of Wills in Thailand. I assume the small company to which you refer is a law office in the area of BKK. Your review of their success in providing perfect Wills for you and your wife impresses me. I would like to consult with them about getting a perfectly done Thai Will for myself. Would you share details about the name and location of this company? I, and possibly several other followers of this thread, would be extremely grateful.

I truly hope your bank is wrong. It astounds me that a bank can ignore the provisions set forth in a legally executed and properly recorded Will, and that the government becomes the de facto undesignated beneficiary of accounts that do not have a co-signer. Many of us have immigration deposits in bank accounts which cannot have a co-signer; it is distressing to learn that these assets will enrich the government rather than our loved ones upon our passing.

Thank you for posting your experience. It's clear that you have resolved the issue of the inheritance of your non-immigration accounts by making your Administrator a co-signer on those accounts. It's not clear to me, however, what will happen to your 800,000 immigration account after you die. Which of these two interpretations is correct according to your discussions with your bank? A. Your bank will not allow the administrator named in your will to access the 800,000 because he is not a co-signer on that account. B. Your bank will allow the administrator named in your will to access the 800,000 because you have made him a co-signer of your other accounts. Your response will help me understand this confusing situation.