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BuaBS

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Posts posted by BuaBS

  1. 5 hours ago, taiping said:

     

    A farang friend died in LOS and I was a joint Executor of his Thai Will (written in English). The heir was his daughter in the UK. Although I suggested a Thai lawyer to obtain probate, the daughter preferred to engage her own Thai lawyer which she found through her UK lawyer. I signed over my responsibility as Executor to the Thai lawyer. The matter was completely resolved after a few months to everyone's satisfaction, even though my friend held substantial funds in several Thai banks and investment companies. The daughter did not come to Thailand.

     

    Great !  How much money did she loose on the lawyers ?

  2. 2 hours ago, newnative said:

       Your final statement is incorrect.  A lawyer can handle everything without the heir(s) coming to Thailand.  

     

    1 hour ago, newnative said:

    The executor can be a Thai lawyer.

    And that's the problem , choosing between 2 evil money grabbers , bankers or lawyers.

    And how are the heirs (back home ) going to choose or contact a Thai lawyer ?

    • Thanks 1
  3. 4 minutes ago, JAZZDOG said:

    Don't do it, leave your money somewhere it works for you, direct deposit the income and give immigration a lie letter from you embassy. How do you think all the gringo derelicts without a pot to piss in stay here on retirement extensions. Look at them, it's not based on their 401K

    Only works when you have an income.

     

    5 minutes ago, Peter Denis said:

    The mandatory 800K does NOT need to be on a Thai Bank Account, but can be on a bank in your home country. 

    Well, at least that's how the Retirement Visa formalities in Belgium state it, but could be different for other countries.

    No has to be here in Thailand.

    Extentions only with a bank letter and a bank statement on the day you go for your extention.

     

    5 minutes ago, Dumbastheycome said:

    Very easy to  register a Will in Thailand  to  cover  the  end  event. 

    Even if you have a will , the folks you leave it to will have to come to a country they've never been to and don't understand the language.

  4. That high tower hotel in Surin city ( I think Thong Tarin hotel) , had one of the softest cotton sheets I've ever slept in ... but that was a while ago , and then it was only a 400 B /night hotel .(cheapest room)

    Others only have the hard polyester mix cr_p they sell at big c & lotus.

  5. When I go back home for 2 up to 4 months , I rent a shophouse where I park my pickup and lock up every door/window and of course the rolling shutter . It's secure , no-one can touch it and the car is out of the sun , cool under concrete floors.  It is expensive , up country like Korat , 3000 B/month and first class insurance for the car of course but it includes fires caused or not caused by the car .

    You don't want to pay for the rebuilding of the shophouse and neighbours....

  6. Laundry detergent still the same price .... but only 400 ml when it used to be 500 ml. :sad:

    You can bet Uranus the cost of living has gone up for the things you NEED , not always for the things you want but don't really need.

  7. Few potato's here too . Sadly quite expensive in supermarket : 35 to 39 B/kg. At the market 40 B , sometimes 30 B when you buy 10 kilo.

    Just not worth it . 1 kg flour : 23 B , 1 kg wet rice : 4 B , 1 kg wet spaggetti : about 50 B.

  8. 15 minutes ago, tingtongtourist said:

    Have the rules of investing somehow change?

    For absolutely everyone to make a profit (which is impossible anyway and is fake news) someone else has to take a loss

    or someone else is buying at a premium much higher than the original cost, no?

    They created a new currency out of nothing, which is pretty illegal in most countries , but this one is heavy encrypted and only on the illusive internet. Als long as the price goes up , or stays relatively the same , there are no losers . The last buyers , that pay for crypto's at these prices ( or higher ) , will be to losers if they step out . But isn't this with nearly all investments ? Crypto's and the underlying blockchain , is here to stay in one way or another . And while it seems anti bank , anti tax , anti controle , it's just one more way governments are easing us away from a cash based society. Eventually they will find more ways to control all these crypto currencies .

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