khunPer

Probably...

I presume you talk about the West. In Thailand a woman's mind is more like: "If a man cannot provide, why do I need him?" And yes, Ido hear Thai ladies say that. So, it also was in old time in the West – and in some cases it still is. It seems like a Western man's saying today should be: "If a woman cannot help financially to provide to the household, and our children has grown up, why do I need her?" A number of men moves to Thailand – some after divorcing a Western spouse, who might even have got half of the estate before she left – and find a local lady, get her to stop working and move in, and then provides for her. In both cases, isn't it a question of care and shared compagnenship? Isn't a marriage based on more than two incomes to provide for a family? Shouldn't it rather taking care of each other? And when a man ends up in Thailand – often with a bit young, or very younger, spouse or girlfriend – isn't that based on mutually care, which could be an agreement like: I take care of you financially now, and when I get old, then you takes care of me. In the old-time way of thinking a marriage was a kind of mutual protection – the man as provider, the wife as caretaker of children, when small, and home – which could be viewed as a financial agreement. In my home country they talked about "marriage of convenience" – and if a man is a good provider, then love follows – seems like it still is like that in Thailand. In a way I also understand well, why more nad more prople wish to be singles – it works fine in Western countries where there is a poublich health care and ditto for old people – but when a Western man (or woman) is migrating to Thailand, where you are on your own, you mighht however need a live-in younger partner to take care of you; even if you have to pay for it. Some can however manage it with a housekeeper, and keep their freedom – which might even be cheaper than having a spouse...

Luckily, "grumpy old man" is an excellent solution, when you reach this point on your life-line...

@PoorSucker , do you have any experience you can share?

Yes, when you extend your stay it is almost same conditions as when you have a normal non-immigrant O-type visa – "almost", the difference is a that you also needs a proven health insurance when extending an O-A stay, just like when you obtained the original visa – financial requirements are however the same as nor non-O. The benefit with an O-A visa is when you are not planning a very long stay in Thailand and wish to keep fund in your home country – you might be snowbird, as some of my friends that use an O-A to around half a year's stay – and if not extending the stay the visa expires one year after issue. You can obtain a new O-A and continue that way, but you need to leave Thailand, apply for a new visa and re-enter.

As you cannot use an overseas account, the fund deposit needs to be in a Thai bank account. So. whatever interest you can earn overseas has no meaning here, if you need a 12-mothn extension of stay based on retirement with with the money-in-the-bank methoed. I've been using a 12-months fioxed bank account for now 15+ years, which gives up to around 1.5% interest, of which 15% tax is withheld; I cash the interest out once a year, so I have a clean 800,000 baht balance.

Ask the airline you are going to use, what they want from a person that age, and also inform if there are any special conditions they need to be aware of. When my father was going to fly at age 101, the airline asked for a "fit to fly" certificate from hos own doctor. As he answered that he didn't have an "own doctor", since he haven't seen any doctor for more than 10 yers, they let him fly without a certificate. (Perhaps it also helped that he was travelling to play an exhibition tennis match in an ATP-tournament...😄)

Everywhere your passport number is used as identification needs to be changed to your new passport number. –and most important, is immigration office, where you need to get your original entry visa, last entry stamp and extension of stay stamp transferred to your new passport. Bank(s), as you cannot withdraw any funds with your new passport as ID. Some banbks can do it in the IT-system, other's might need to issue new bank books, for example Bangkok Bank that has your passport number printed with invisible ink in the bank book(s). Land Transport Office, if you have any Thai Driving License(s) with your passport number as ID. Mobile phone provider. Any loyalty cards – for example Central-card – where you passport number is used as ID. You cannot claim bonus, if your ID don't match what's stored in the system. Central was the most complicated change, when I got new pasport last year; 10 years ago they were the easy-peasy one.

People are hoarding fuel, due to shared news stories about Strait of Hormuz being closed and that Thailand only has fuel in stock for 60 days. Furthermore the fuel price is said to have gone up by 4 baht. Diesel seemed to have been sold out last evening, which is likely hoarded most, as it's used in business. When I passed PTT in Bo Phut back home last night, it was still same fuel prices as usual and shown in attached image. (Photo of Shell in Bo Phut taken through my car window.)

Nor sor 3 title deed is worth more than ordinary Sor Por Gor-farmland. Rubber trees takes (at least) 7 years to grow up to a size where you can begin to cut rubber, the trees have a life-span of about 25-30 years. So, with 15 years old rubber trees you have 10-15 years more to cut rubber, after which the trees has a value when cut down. You could easily count quite a bit higher price per rai when rubber plantagen in prime age. One rubber tree plant costs around 100 baht – depending on size; so, can be little less and up to 200 baht each – so, just 650 rubber trees has a value of 65,000 to 130,000 baht plus 7-years aging. Based on 5 rai land size each rai could be priced some 25,000 baht to 50,000 baht higher than plain farm land.

"Alway look on the bright side of life": Be happy that you didn't moved to Koh Samui...

Next year you might only be 30 days with visa exempt; better to use a multiple entry tourist visa, which gives you 60 days stay on each entry, plus availability for 30 days extension.

Legally, a named person in a shared bank account has the right to half – that's why, when using a shared account for extension of stay-bank deposit, it need to be double up; i.e., 800k baht for marriage and 1.6 million baht for retirement – however, I wrote in my will that any funds in shared accounts shall fully belong to the other named part, to avoid any dispute if more than half the funds are withdrawn. In theory, 99+ percent of a shared account could have been deposit by only one name, and thereby 99+ percents of the fund belonging to this named person, which again in theory might not be the one that has passed away. The situation, if I'm ill and cannot access my funds – and also if I've passed away – is the reason why I placed my instant access "rainy day" money in a shared account with my trusted girlfriend. This seemed to be the easy way – perhaps the only way – to give another person instant access to my money in Thailand. Furthermore – and that is again either a matter of trust, or how a pairs individual financial situation is – I have made sure that my girlfriend also have so funds of her own that can be in mutual funds or stocks for best outcome, which she easily can convert to cash money. We have chosen stocks, which also is her own old-age savings. This kind of funds are solely hers, and not a part of an estate, but also funds that can be used until an estate has been trough the court process, after which the old age savings can be replaced. I general, I've tried to make things as less complicated as possible, but still with some level of security for myself; i.e., I have savings and funds that only I have access to, as long as I'm alive, should anything go unexpected seriously downhill.

Unfortunately not.

1) In general the court executing a last will will be in the country of primary residence of the deceased person. So, if your primary residence is Thailand, it will be a Thjai cort handling your will and estate. As everywhere, it can take relative long time, depending of the will and if there also are foreign values and/or foreign heirs. Often a suggested solution is, if there are foreign values, to make two last wills, one for Thailand covering Thai assetts, and another for the foreign values, generally following the law there, which is primary a matter for fixed assetts like real estate. 2) To my knowledge, yes. 3) A bit difficult, and widely a matter of trust. A solution can be shared bank account(s). I use the latter for some of my funds in Thailand – also my securyty if something happens to be, then my girlfriend has access to funds to both pay for me and keep going herself – and I wrote in my Thai will that any funds in shared accounts, which can be both bank books and mutual funds, shall fully belong to the other named person. Furthermore I've stated in my last will that a certain amount of cash shall immediately be available for my girlfriend, which was also an important matter when we had our minor child living in the house, so there were funds for living expenses and school. With such a statement it should be legal to get fast access to some money; probaly also if you withdraw some cash from bank accounts before they a frozen. But the latter is again a question of trust, because my girlfriend needs to know my pin-code to withdraw some money from an ATM.