1 600 000bt in joint account for O extension based on retirement

[DickThrust]

Hi, just in case I'm hit by a truck can I use above method. Although I have written a will, I would like my other half to have easy access to my funds should the worse happen. Thanks for any advice.

[DrJack54]

This is a question for your particular immigration office.

 

Some may accept joint account with double the money in bank for extension marriage.

 

Some might for retirement.

Personally doubt many/if any would allow that. 

 

OP, if by "other half" you mean wife....then be aware that it's possible to have her as a signatory on your account.

In that situation she has access to the account but immigration are unaware of that. 

 

Edited April 9, 2023 by DrJack54

[DickThrust]

thanks Drjack, most useful.

[quake]

If you have made a will.

it's covered.

Most immigration offices will say no to joint account.

 

 

[BritTim]

31 minutes ago, quake said:

If you have made a will.

it's covered.

Correct in theory, but I have heard several horror stories of the difficulty in extracting money from Thai banks. At a minimum, it seems to take a few months.

[quake]

2 hours ago, BritTim said:

Correct in theory, but I have heard several horror stories of the difficulty in extracting money from Thai banks. At a minimum, it seems to take a few months.

Go to the bank with the correct paper work and there will be no issue.

The horror stories,  come from people with no, or incorrect paper work.

 

 

 

[Raindancer]

7 minutes ago, quake said:

Go to the bank with the correct paper work and there will be no issue.

The horror stories,  come from people with no, or incorrect paper work.

 

 

 

Absolutely spot on.  A will registered with the local Amphur, provides your wife with the necessary authority under the will to access the funds immediately, upon presentation of the document.

 

Sorted this method out for a friend, before he passed.   His wife took the Amphur letter to the bank and had access straight away.

 

I have the same system organised already.   Spoke with my bank manager and received confirmation that this was accepted by her bank.

 

[DrJack54]

17 minutes ago, Raindancer said:

Absolutely spot on.  A will registered with the local Amphur, provides your wife with the necessary authority under the will to access the funds immediately, upon presentation of the document.

 

Sorted this method out for a friend, before he passed.   His wife took the Amphur letter to the bank and had access straight away.

 

I have the same system organised already.   Spoke with my bank manager and received confirmation that this was accepted by her bank.

 

The OP mentioned "other half" .

Did not specifically state wife. 

 

I mentioned that in my first post and OP did not clarify. 

[Raindancer]

Just now, DrJack54 said:

The OP mentioned "other half" .

Did not specifically state wife. 

 

I mentioned that in my first post and OP did not clarify. 

I don't think it really matters whether wife or other half, when making a will for the remaining wife/ other half, male or female to receive access to the deceaseds bank account.   As long as the remaining partner/ wife/ other half, receive the authoritative  documentation to that effect from the Amphur, things should be OK.

 

The info is there, should the OP decide a course of action.

[DrJack54]

7 minutes ago, Raindancer said:

I don't think it really matters whether wife or other half, when making a will for the remaining wife/ other half, male or female to receive access to the deceaseds bank account.   As long as the remaining partner/ wife/ other half, receive the authoritative  documentation to that effect from the Amphur, things should be OK.

 

The info is there, should the OP decide a course of action.

Certainly a will is a good idea.

 

Also it's possible if married to have your wife as a silent signatory on the account.

A will does not guarantee instant access to funds. 

In some cases that's necessary. 

 

[Raindancer]

Just now, DrJack54 said:

Certainly a will is a good idea.

 

Also it's possible if married to have your wife as a silent signatory on the account.

A will does not guarantee instant access to funds. 

In some cases that's necessary. 

 

Yes, silent signatory is a good idea.

 

But I am not going to get into a discussion about your statement that a will does not guarantee access to funds.

 

So, what you are saying is, that my friends wifes experience is not true.  And my own will discussed with my bank and their confirmation of my wife accessing my funds with the Amphur authoritative  documentation is also make believe.  So now I am a liar?   All based upon your contradiction of my post.

[DrJack54]

1 minute ago, Raindancer said:

.  So now I am a liar?   All based upon your contradiction of my post.

Settle Petal, read BritTim post earlier.

I have also read reports where it was not simple for wife even with will in place 

 

OP, here is a thread discussing having wife as signatory.

 

 

 

[Raindancer]

Just now, DrJack54 said:

Settle Petal, read BritTim post earlier.

I have also read reports where it was not simple for wife even with will in place 

 

OP, here is a thread discussing having wife as signatory.

 

 

 

Oh!!! You have read reports!!

Have a nice Sunday.

[Aforek]

1 hour ago, Raindancer said:

...

 

Sorted this method out for a friend, before he passed.   His wife took the Amphur letter to the bank and had access straight away.

 

I have the same system organised already.   Spoke with my bank manager and received confirmation that this was accepted by her bank.

 

I have a will made by Isaan Lawyers , no Amphur letter :   doest il work, too ? normally the lawyer does the job 

[DrJack54]

2 minutes ago, Aforek said:

I have a will made by Isaan Lawyers , no Amphur letter :   doest il work, too ? normally the lawyer does the job 

According to chap you quoted you wasted money on lawyer and will.

Just take letter to bank and all sorted....????????

[DickThrust]

many thanks Guys, lots of useful information. what is the document from the amphur? Do I take the will to them? TIA.

[Raindancer]

8 minutes ago, Aforek said:

I have a will made by Isaan Lawyers , no Amphur letter :   doest il work, too ? normally the lawyer does the job 

Pm sent to avoid sardonic replies from certain posters

[Raindancer]

4 minutes ago, DrJack54 said:

According to chap you quoted you wasted money on lawyer and will.

Just take letter to bank and all sorted....????????

Thankfully this forum has the feature to turn off replies from people like you. Won't have to read your sarcastic all knowing replies to so many posters any more.

[DrJack54]

9 minutes ago, DickThrust said:

many thanks Guys, lots of useful information. what is the document from the amphur? Do I take the will to them? TIA.

The document is proof of marriage.

I asked in first post if you are married to Thai. 

"Other Half" does not exclude partner not married. 

 

 

Edited April 9, 2023 by DrJack54

[DrJack54]

9 minutes ago, Raindancer said:

Pm sent to avoid sardonic replies from certain posters

It also excludes obtaining correct information.

Your information is incorrect.

Not in all situations but certainly some. 

[Raindancer]

15 minutes ago, DickThrust said:

many thanks Guys, lots of useful information. what is the document from the amphur? Do I take the will to them? TIA.

Pm sent

[DickThrust]

Thanks Drjack, other half is long time live in partner, not wife. Apologies I should have clarified.

[BritTim]

2 hours ago, quake said:

Go to the bank with the correct paper work and there will be no issue.

The horror stories,  come from people with no, or incorrect paper work.

Are you speaking from personal experience? The horror stories I am talking about are from spouses who were officially married and using lawyers who one assumes know what paperwork is required. It took months.

[DrJack54]

42 minutes ago, DickThrust said:

Thanks Drjack, other half is long time live in partner, not wife. Apologies I should have clarified.

@Raindancer are you on same page now.

The OP is not married. .

Even if he was your advice is problematic.

 

@DickThrust you need to look into alternative's.

You will need a WILL  However that will not provide instant access.

You could consider changing to income method.

A dedicated bank account transferring 65k every month into a dedicated bank account and other funds in bank account in partner name (under your control) is an option.

 

Edited April 9, 2023 by DrJack54

[Raindancer]

13 minutes ago, BritTim said:

Are you speaking from personal experience? The horror stories I am talking about are from spouses who were officially married and using lawyers who one assumes know what paperwork is required. It took months.

Hi Brit Tim.    I wasn't actually quoting you personally.

My experience was using the Amphur will method, which my friend set up for his wife and she had no issues with the document from the Amphur in getting access to the funds.

 

I have no experience of lawyers apart from one, which was quite disastrous for a long distance friend of mine.  Which included the lengthy process, plus the ridiculous fees the lawyer charged, based upon the amount left to the deceased. 

 

I have only read of horror stories that were never substantiated.  Usually starting with " I heard of someone etc etc."

 

I personally chose the Amphur will route, once I had verified the process with my bank.  And as a precaution,  I had my wife added as a silent signatory on my bank accounts.

 

I hope that clarifies everything.

Edited April 9, 2023 by Raindancer
Addition

[DrJack54]

18 minutes ago, Raindancer said:

My experience was using the Amphur will method, which my friend set up for his wife and she had no issues with the document from the Amphur in getting access to the funds

Please explain the "Amohur WILL method" 

What does that entail? 

 

FYI when a farang dies in Thailand their embassy is notified quick smart 

That info is passed onto banking .

 

No doubt wife/partner have been able to ATM account and access funds. 

Very illegal in Western countries. 

Perhaps possible in Thailand.

 

 

Edited April 9, 2023 by DrJack54

[ericthai]

1 hour ago, Raindancer said:

Oh!!! You have read reports!!

Have a nice Sunday.

This is Thailand and just because something worked for one person doesn't mean it will be the same for you. Almost every office in Thailand (doesn't matter govt or non-govt) make up their own rules and what is followed today doesn't mean it will be the same next time. 

[Raindancer]

11 minutes ago, ericthai said:

This is Thailand and just because something worked for one person doesn't mean it will be the same for you. Almost every office in Thailand (doesn't matter govt or non-govt) make up their own rules and what is followed today doesn't mean it will be the same next time. 

Fair comment.

[Paradise Pete]

Executing the will using a lawyer costs money, perhaps 100k. If your only asset is the bank account that's a big percentage.

[jeffandgop]

16 hours ago, DrJack54 said:

This is a question for your particular immigration office.

 

Some may accept joint account with double the money in bank for extension marriage.

 

Some might for retirement.

Personally doubt many/if any would allow that. 

 

OP, if by "other half" you mean wife....then be aware that it's possible to have her as a signatory on your account.

In that situation she has access to the account but immigration are unaware of that. 

 

No. It cannot be a joint account; only in the name of the retiree. Another person can be recorded in the bank account as a Beneficiary. If another person has signature authority, then it is a joint account visible to Immigration.

Edited April 9, 2023 by jeffandgop