Is there any need to give my Thai girlfriend log in details of my UK investments?

[Keith5588]

 

Hi, I am from the UK, retired and living happily in Thailand.  We have been happily together 24/7 for the past 8 years and I fully trust my Thai gf / partner.

Just to clarify there is not a huge age different, I am 72 and she is 60, we are thankfully both healthy.

I have actually made sure that she will be OK, I have Wills, both for Thailand and the UK.

But I want to make sure that processing my UK Will is not too difficult.

I have quite a lot of investments and my log in details to banks are quite complicated and I encrypt them.

 

I started to think that I must give my gf the log in details but now I think there would be no need.

All I need to do is list where my UK money is, if I die she would have a death certificate, the Executor of my Will could then contact each bank / investment company and have my money released, no log in details, passwords etc. would be needed.

 

Am I right?  Or would it be best if I give my gf some log in details, again I do fully trust her?

 

Your comments much appreciated

Thanks

Keith

[Equatorial]

It is my understanding that if she is not a co-owner of those assets with the right of survivorship, upon your death it would be illegal for her to log in and make transaction. It's the job of the Executor to properly process those assets. 

 

I believe giving her login credentials to any financial assets that she does not co-own would not only be useless, but carries unnecessary risk of her making transactions without understanding their impact and consequences. 

[Keith5588]

 @Equatorial  Thank you for giving good information, I hadn't thought of that aspect. She does not co-own my UK assets.

I have left everything to her and also for her to be the Executor but you are right in that upon my death my assets I think would be frozen until they are executed properly.

 

So I now believe even more that I would be much better only giving her the name of the companies who have my money.

 

Thanks again

Keith

  

[it is what it is]

 

yes, definitely, i mean, what could possibly go wrong?

[falangUK]

3 hours ago, Keith5588 said:

 

Hi, I am from the UK, retired and living happily in Thailand.  We have been happily together 24/7 for the past 8 years and I fully trust my Thai gf / partner.

Just to clarify there is not a huge age different, I am 72 and she is 60, we are thankfully both healthy.

I have actually made sure that she will be OK, I have Wills, both for Thailand and the UK.

But I want to make sure that processing my UK Will is not too difficult.

I have quite a lot of investments and my log in details to banks are quite complicated and I encrypt them.

 

I started to think that I must give my gf the log in details but now I think there would be no need.

All I need to do is list where my UK money is, if I die she would have a death certificate, the Executor of my Will could then contact each bank / investment company and have my money released, no log in details, passwords etc. would be needed.

 

Am I right?  Or would it be best if I give my gf some log in details, again I do fully trust her?

 

Your comments much appreciated

Thanks

Keith

Just saying this... because I always assumed the 10-year gap between me and my girlfriend might be too much—especially since she's mentioned it before. People often say I look and act much younger, which helps, but I still find myself wondering. So it's reassuring to see that a 12-year difference isn't a problem in your case.

[ThreeCardMonte]

3 hours ago, Keith5588 said:

 

Hi, I am from the UK, retired and living happily in Thailand.  We have been happily together 24/7 for the past 8 years and I fully trust my Thai gf / partner.

Just to clarify there is not a huge age different, I am 72 and she is 60, we are thankfully both healthy.

I have actually made sure that she will be OK, I have Wills, both for Thailand and the UK.

But I want to make sure that processing my UK Will is not too difficult.

I have quite a lot of investments and my log in details to banks are quite complicated and I encrypt them.

 

I started to think that I must give my gf the log in details but now I think there would be no need.

All I need to do is list where my UK money is, if I die she would have a death certificate, the Executor of my Will could then contact each bank / investment company and have my money released, no log in details, passwords etc. would be needed.

 

Am I right?  Or would it be best if I give my gf some log in details, again I do fully trust her?

 

Your comments much appreciated

Thanks

Keith

Absolutely no reason to give her your financial information.  Period.

[HappyExpat57]

How about getting married? Nothing crazy fancy like a full blown Thai wedding, just a simple ceremony to legalize your relationship? Would that simplify the matter?

[topt]

12 hours ago, HappyExpat57 said:

How about getting married? Nothing crazy fancy like a full blown Thai wedding, just a simple ceremony to legalize your relationship? Would that simplify the matter?

Depending on a number of factors it may possibly help with IHT - IE avoiding any which may otherwise be potentially payable.

[Cameroni]

Yes, you're right, if she has the death certificate the bank should release the funds without login details being required.

[scubascuba3]

Problem is, some family member desperately needs money, it's life or death, these girlfriends then get very tempted. If you genuinely trusted her 100% you wouldn't be questioning it

[vinny41]

3 hours ago, Cameroni said:

Yes, you're right, if she has the death certificate the bank should release the funds without login details being required.

Uk financial institutions normally required certified copy of death certificate and certified copy of will if death occured in the UK

if death occured outside the UK and the death certifcate is not written in English they will required translated certified copy of death certificate

They should return these documents and provide the executor a valuation of the holdings for date of death

Uk financial institutions have different probate thresholds ranging from £5,000 upwards

If probate is required Uk financial institutions will need a certified copy of probate and they normally required the executor to sign some internal documents before they will release funds

 

 

[MarkBR]

No!

[bkk6060]

Save the hassle, give it to her now that way you can see her happy face.