AnnyLing

***But you assertion that this can be contradicted using the trust system makes no sense. Trusts are great tools for tailoring one's estate. But I really doubt that they can be used to "disinherit first grade family members" in "Continental Western Europe" countries where Wills cannot cut-out spouse and children (I'm still skeptical such countries exist....).***

The trust needs to be setup offshore that no domestic law is able to interfere. But that means that for example the owner of any asset located in Switzerland, France, Italy or Germany has to be an offshore entity (natural person or corporate entity). Inheritance laws of most countries in Continental Europe are based on "Roman Law" whereas criminal law is based on the "Napoleonic Code".

***Out of curiosity -- can your husband disinherit you in his Will under Singaporean law?***

Yes he can. Singapore law gives absolute leeway in this respect. One strange peculiarity exists, Singapore law does not recognize a joint will.

A trust can bypass a husband or wife if they turn out *not deserving*. A will can not.

Certainly, as in the West, you can "disinherit" whomever you wish in your Will, including your spouse. Just make sure such an action is spelled-out in the Will, to assure against any "oversight error" argument.

Inheritance laws take effect only when there is no Will. Of course, neither inheritance laws nor a Will can alter ownership of the half of joint property acquired by the "not deserving" spouse during marriage.

People who think the whole "West" is like their own country should refrain to give wrong advice. My husband is from the "West" (Continental Western Europe) where in most countries you can not disherit first grade family members (spouse and children) except in very rare cases such as corporal attacks which endangered your life.

***Thus, banks may not only replace a portion of their existing Tier 1 paper with bullion, but use it to meet

some of the extra 2% as well.***

The gangsters who run the banks will never even think to hold Gold !!!

right or wrong I got out of Au this morning on the 'up trend' as I fear it may drop quite a lot soon as the Euro gang will come up with a 'we have got it fixed' crap line and some of the large fiat reserves could buy into the market and Au could fall... but then maybe I have it all wrong

We are quite happy with our Gold holdings and have no plans to get out, especially because we can soon import our physical Gold to Singapore without paying VAT.

***"It is a good thing for an uneducated man to read books of quotations. "

Sir Winston Churchill.***

Might apply to uneducated men, not to educated women.

***Clive Maund: The European Union is a creation of global elitists, the Bilderberg et al, in pursuit of their long-term goal of a world government.***

For some, their dogs are their family.

And some people are just responsible enough human beings to take care of their dogs properly. Now if my dogs were fat it'd be a different story, but they're not in the slightest. That's simply what it costs to have happy, healthy, disease free pets.

That isn't what it costs, that's what you choose to pay. It's not like the only two options are 5,000 baht per month per animal and starving mangy mutts who eat trash from the soi garbage bins. There is a big middle ground. You can even make your own dog food very cheaply that will result in very healthy animals.

Home made dog food is a good idea, no or very little salt, vegetables no more than 30% ( and if they have wind problems illiminate or reduce this )

Meat needs to be fit for consumption, and best served raw ( dogs natural food ) bones should not be cooked raw again.

Plenty of web sites if you want to do this.

No salt in dog food is a wrong approach. Every mammal needs a certain amount of salt intake which is mandatory for important body functions.

Well I guess if that new model don't come with that system then you don't really have a choice.

You can always go and get a after market system by asking on this thread which is the best to get.

It is virtually impossible, except spending a huge amount of money, to install that system in an existing car.

Thai law does not recognize trusts and any document that attempts to create a trust in Thailand will be found invalid. You can draft a Thai will to take care of your Thai assets and a foreign trust to take care of foreign assets, but you should consult a law firm that has attorneys licensed to practice in all relevant jurisdictions.

I live in Singapore, a jurisdiction with clear will/inheritance laws. No need for a lawyer to make a will, only a few simple points to be observed (guidance is available on the internet). Big advantage, no laws that interfere with your will. You appoint your executor.

Royal organic shop is on NW side of Canal Rd/Suthep Rd intersection. There's a coffee shop almost on the corner itself and then what looks like a gate into CMU grounds... turn in there, traffic permitting, and park inside on right. The shop itself is modern, timber and glass, and also houses a cafetaria.

I notice BigC Hang Dong have a large selection of Organic vegetables at very reasonable prices... from 9bt a bunch of greens.

The organic veggies come with a Certificate of Origin and a lab test I assume?

britmaveric

Defender of the Realm

• 
  
• Posted 2008-10-18 08:35:44
  

Platinum/Gold/Silver is on its way down. It's had its run.

At the time gold was nearly $1800 an ounce now in July 2012 gold is nearly $1600 an ounce

I think Bitmaverick had it right

I think Britmaverick got it all wrong. His post is dated october 18, 2008 when Gold traded at 780 Dollars.

not true their are many reasons such as you dont want your kids to blow it all at age 18 or want your wife to have income but capital to go to kids and lots of other reasons. Before I simply put everything into my Thai wifes name my UK and USA wills said money go into trust for our kids and my wife has income for life. We now have a few trusts for kids for stuff in UK and USA which say same thing but ive put nearly all in my wifes name as easier. Her will however says if she goes its in trust to our kids with me having income for life but at 86 I doubt shell go before me at less than half my age. 18+ years of marriage and still best thing i ever did and I love seeing face of new people here when I tell them I gave it all to my thai wife 10+ years ago and im still alive and kicking

Who will execute the will of your wife in case of her demise?

The primary reason for trusts in the west is to avoid inheritance tax... as Thailand does not have any inheritance tax, no reason for trust....

I believe all you need is a will, no trust required.

The primary reason for trusts in the west is to avoid inheritance tax... as Thailand does not have any inheritance tax, no reason for trust....

I believe all you need is a will, no trust required.

The primary reason for a trust is to circumvent any strict inheritance laws which may not be in line with your will. A trust can bypass a husband or wife if they turn out *not deserving*. A will can not.

<br />

<br />

<br />Naam how childish,<br /><br />There are plenty of other ways to invest in Gold and make a nice profit with a bit of luck.<br /><br />I can give plenty of other examples where in a nine month period you could have made a nice profit.<br /><br />Ask your wife.....<br /><br /><br /> <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/whistling.gif' class='bbc_emoticon' alt='<img src='http://static.thaivisa.com/forum/public/style_emoticons/default/whistling.gif' class='bbc_emoticon' alt='' />' /><br />

<br />Naam presented a fact. Since when are facts childish ? With a bit of luck you might win the Lotterie.<br /><br />I could also give you in hindsight a million ways how to invest in thousands of other ways and make a nice profit WITH A BIT OF LUCK. Who is childish here ?<br />

<br /><br /><br />So why don't ya give a few examples how to make a nice profit in 9 months without the need for a bit of luck?<br />

The Original Poster is obviously an Investor Newbie who asks for advice. Confusing him with all kind of *professional* advice will not help HIM because he will not understand and Thailand will not offer the means to carry out this advice. The same applies to *BUY GOLD!* which i consider reckless. He should be told ***DO NOT (REPEAT N O T) JEOPARDIZE THE 800K YOU NEED FOR YOUR RETIREE VISA!***

<br />USD/JPY making a push for 80.  <br /><br />EUR/JPY going at 111.xx.  <br /><br />Guys pushing these levels who are in the trade at EUR 114 or USD 82.x are going to gun it because they are in the money to the point where BOJ intervention (and the squeeze-pop that ensues) will not take them out.  People entering the trade now, however, could get run over.<br /><br />Interesting times.<br />

While you were sleeping jcon USDJPY reached 77.** and now we are at 78.**

Repatriation on forex by Japanese companies because of Fukushima, usual repatriation end of march and end of september PLUS closing of huge carry trades can not be fought by the BOJ, at least not for the time being. High Yield currencies suffered most because carry trades were closed.

<br />Naam how childish,<br /><br />There are plenty of other ways to invest in Gold and make a nice profit with a bit of luck.<br /><br />I can give plenty of other examples where in a nine month period you could have made a nice profit.<br /><br />Ask your wife.....<br /><br /><br /> <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/whistling.gif' class='bbc_emoticon' alt='' /><br />

I could also give you in hindsight a million ways how to invest in thousands of other ways and make a nice profit WITH A BIT OF LUCK. Who is childish here ?

ICICI Bank Singapour :Account Opening

Singapore Non Residents - Copy of Passportb)Proof of Residential Address - E.g. latest copy of utility bills, bank statements etc - issued within last 3 months Please carry the originals of the above mentioned documents with you so that our staff may verify the same.

Are they talking about address in my home country?

They are talking about your present Residential Address.

We're looking at a 400m2 parcel with 20 metres oceanfront for 900,000 THB and I realized that's the retail price. Why not buy 2 or 3 or 5 rai and subdivide it myself.

For Samui that sounds too good (cheap) to be true !

If you are not from Australia and are not currently living in Australia it would be a very risky investment. The 6% interest (and a lot more) could very quickly be eaten up by currency fluctuations. Not something to consider if you are risk adverse (although possibly as small part of a larger diversified investment strategy).

Sophon

Why do people when commenting on investing in other currencies only ever mention the down side as though there is not an upside, yes the the investment could be eaten up but at the same time the Aussie dollar could strenghen and your 6% couild increase too 10% for example, its a chance you take

People do that because they are bored and crave to say something or anything. Out of boredom they also sign their postings although it is clearly shown who posted.

Is that you Statist?

Gold shops in Thailand do not accept Credit Cards for purchase of 23 or 24 carat Gold. American Express is the most hated Credit Card all over the world.

In this case the Op is talkig about retireing in Thailand.

He is talking about a relatively large sum, lodged on fixed term. Not just saving type deposits.

International banks in Singapore currently offer AUD rates of between 6-8% link here depending or terms of 12-36 months.

With his amount of investment he would qualify as a Private Banking client.

Singapore also has a deposit guarantee scheme for personal depositors up to a limit.

One correction, clinique: AUD deposits at ICICI bank are NOT guaranteed by the Singapore government. But the risk is very small, it is a major bank from India.

Otherwise, your advise here is correct. But everything has already been told to the OP. He does not listen and asks the same questions over and over again.

Hi greenSnapper,

Out of interest, what makes you say that deposits are not guaranteed?

I am aware it is Indian bank (2nd largest) and in addition it is listed on the New York Stock Exchange. Also ranks 282 on Forbes top 2000 companies in 2010 link here above many other global banks.

Understand OP also , he is talking about his retirement so right to be cautious IMO.

Edit: OK FX deposits no longer gteed from 31.12.2010.

ICICI, Singapore is an independent Singapore banking structure and not listed in NYSE. Singapores Government guarantee for cash deposits expired October 10th, 2010. ICICI, India does not guarantee any obligations of ICICI, Singapore.

B.O.T. has been keeping the Baht DOWN? Try telling that little absurdity to anyone who gets money from England, U.S.  or Europe. True, they did lift interest rates ,THIS week on Wednesday , by 0.25%.The Baht has been strong for 2 years ,now.All that seems to be happening is that the Baht, maybe even slightly strengthening. No chance of it weakening, in the short term. Which is why so few Farang tourists. are coming here.

Why don't you take a look at the BOT's foreign reserve figures over the last year or two to get an idea of what they have been doing to keep the baht weaker? The you might realise thet absurdity of your own comments.

I think posters like Naam give short answers because they are fed up with the drivel that is posted on here about foreign exchange. Contrary to what a couple of others have said, many posters with less knowledge of financial markets are often not looking for advice but instead simply wish to voice their erroneous opinons about the baht being high because of some rich Thai / BOT conspiracy, which is utter bilge.

I was wandering when one of Mr Naam's toadies would speak up. "Drivel" and "Bilge" eh? Your role model will be proud of you. I say the same to you as I say to Naam and that is if you can't make a civil reply, then don't bother replying at all, even if you are fed up with the drivel and bilge. Your drivel and bilge may seem like a sensible query to someone with little knowledge of finances.

Naam died ? Or is he just *wandering* ? If yes, where is he *wandering* ?

you are actually giving false information. Just because it isn't mentioned on the english version of the Thai Revenue Department website, doesn't mean it doesn't exist.   I've been told by the RD that my foriegn income is of no concern to them so long as it isn't remitted to Thailand. Straight from the horses mouth.  See top of page 6 of the link below  http://www.kpmg.com/...D_2010_TIES.pdf  KPMG - as you know a globally respected accounting firms such as KPMG do know their stuff.

   You are referring to the existing practice already mentioned by me *It is correct that this is the practice since years...*.      KPMG works and informs its clients according to this practice and the *horses mouth* did nothing but confirm it.       Nevertheless it is important do know and i repeat that official Thai Tax Law does not mention the exclusions.    If you are able to proof that the Thai Version mentions the exclusions I will admit that my information is false.

ok...understand your point.

But what makes you think that this will change? Seems to me that it is highly speculative that things might change, when we are trying to tell the OP what the recognised proceedures are now. Where is your evidence that things will change?

Thats a misunderstanding, I did not mention anything about a change. Just wanted to point out the legal situation which might or might not change any time. KMPG and other *wise* consultants will not reimburse any of its clients in case they are hit with huge backtaxes for several years. Murky Thai tax laws are one of the reasons why my husband and me moved from BKK to Singapore where the law is the law and not open to interpretations.