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.

[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!

[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.