Simple inheritance question

[h90]

I am married in Thailand

Wife has a house + 15 % shares in the company.

She has 2 children from previous marriage.

If she dies from these things I would get half and the children would get half.

Is that correct, or did I misunderstand things.

[CharlieH]

title adjusted, moving to Property ownership

[rgs2001uk]

http://www.samuiforsale.com/knowledge/inheritance-laws-thailand.html

[h90]

title adjusted, moving to Property ownership

Thanks.....didn't thought for property ownership (didn't know it exists).

[h90]

http://www.samuiforsale.com/knowledge/inheritance-laws-thailand.html

yes that is what I read before and which brought me to the 50-50....

Just want to double check if I understood it right (a bit too much money for some sloppy reading mistake on my side....)

[swissie]

I also have a simple "Inheritance question": With a will, can I make my Thai Wife the sole beneficiary of my movable assets including Bank Accounts, my toothbrush and my dirty underwear?

Therefore excluding "Thai-Family"?

This question excludes Real Estate/ House. It's a different "can of worms".

Thx & cheers.

[lungbing]

Yes, I'm sure you can. But once your wife owns everything she can do with it what she wants, including giving all of it to her family.

spelling edit.

Edited November 1, 2015 by lungbing

[SantiSuk]

Maybe obvious but worth noting that you are asking a question that assumes that your wife dies intestate (without a will). A smart Thai lady may have made a Thai will giving everything that is hers to her mother!

Edited November 2, 2015 by SantiSuk

[AyG]

You would, of course, have to sell any property within a year - or rather, half of a property. If the children wanted to, they could force you to sell for a pittance. Far better a will be in place.