College Trust for Family Member

[utalkin2me]

I want to start a college trust fund for my Thai niece in law, she is 6. 

 

Im just looking for a place to start, and maybe what they will need. I take it my niece will need to come to the bank with me? 

 

Also, any particular bank you guys recommend for something like this? 

 

Thanks in advance for any information! 

[Lamkyong]

this trust fund to be administered by whom  the college/bank/self  ???   

[utalkin2me]

54 minutes ago, Lamkyong said:

this trust fund to be administered by whom  the college/bank/self  ???   

I'm not always in Thailand so the bank would be best. 

[Lamkyong]

i think you will be surprised at the cost of bank administration(annual fee) 

[blackcab]

I think you will find that the type of trust fund you are thinking about is not recognised under Thai law.

[utalkin2me]

Thanks. Maybe I can just set something up for her myself if that's true. I'll probably inquire about it at Bangkok bank at some point though to see what they say.