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Beneficiery Of A Will In Thailand - Advice Please

wineman
wineman
in Pattaya

Featured Replies

I live in Thailand and have a Will in which I have bequeathed all my Thai assets to my girlfriend of many years. One of the assets is my house which I bought the Company way. Does anyone know what her situation would be regarding the house and land? For instance, could she simply close down the Company and transfer the ownership of the house and land to her name?

There is a pinned topic about wills at the head of this forum. Maybe you missed it.

Arnold Judas Rimmer of Jupiter Mining Corporation Ship Red Dwarf

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    Simple answer: bequeath her your shares in the company and your directorship.

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    • Author

    There is a pinned topic about wills at the head of this forum. Maybe you missed it.

    Thanks for replying.

    • Author

    Go to the following website and read section titled "Partly foreign owned Thai real estate holding company".

    http://www.samuifors...thailand.html#3

    Go to the following website and read section titled "Partly foreign owned Thai real estate holding company".

    Thanks for replying.

    http://www.samuifors...thailand.html#3

    • Author

    Simple answer: bequeath her your shares in the company and your directorship.

    Thanks for replying. I wonder if she would then be able to simply close the company. I don't want her lumbered with having to pay yearly for Tax accounts.

    If she has the controlling shares and directorship she can close the company at any time; obviously before she does that she will need to transfer/sell the house and anything else the company owns to herself, and to pay any outstanding company taxes (she'll also be liable for transfer and property taxes, etc, both on the house transfer and on any profit the company has made by the sale).

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    • Like 1
    • Author

    If she has the controlling shares and directorship she can close the company at any time; obviously before she does that she will need to transfer/sell the house and anything else the company owns to herself, and to pay any outstanding company taxes (she'll also be liable for transfer and property taxes, etc, both on the house transfer and on any profit the company has made by the sale).

    Thanks for replying. I hope you don't mind me asking, are you a lawyer here in Thailand?

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