Executor of Will

[masterpasser]

I am the executor of a Thai Will -acting on behalf of a friend that just passed away.

He has a condo , 2 bank accounts and a car , all of which is to go to his son -The only benefactor.

I know the will has to go to probate and proved before assets can be transferred to the son.

I have advised the son that he needs to open a Thai bank account so that the funds can be held before he arranges for the funds to be transferred out of country-Australia.But I don't know whether this is in fact accurate.

Anybody have an opinion on this?

 

 

 

 

 

[Jip99]

I would suggest that you ask the lawyer who you will need to use to obtain Probate.

 

 

(I make the assumption that you are a westerner)

[prakhonchai nick]

In most cases the Lawyer will deal with payment to the beneficiary rather than via the executor. Whilst it could be transferred to a newly opened Thai bank account, I would imagine the Lawyer could arrange to transfer direct to Australia.

 

Whilst some Lawyers will quote a fixed fee, there are some that will quote both a fee and a % of the assets. Avoid and shop around.