What steps have you taken to protect your family in the event of your death?

[Chittychangchang]

A friend of a friend died in Thailand without any will.
His wife in Thailand totally oblivious to his two houses and wealth in the UK.
State got the lot, she got nothing.

[NamPikToot]

A friend of a friend died in Thailand without any will.
His wife in Thailand totally oblivious to his two houses and wealth in the UK.
State got the lot, she got nothing.

That's tough.

For me everything in Thailand is hers and 1/2 of what i have in the UK.

[NamPikToot]

Clever doll your wife

She is as it happens, probably 75% of the Thai assets is/was her hard work anyway.

[Pragmatic]

no plans to teach them the wild and wacky ways of the West?

Such as? I left the UK for a reason. I've no intention of going back. Kids or no kids. If they want to go live there, or anywhere else, is entirely up to them. They have British passports. Up to them really. Get a good education here, providing the child wants to learn, and they can get a decent job. Life is what you make it.

[HuangLao]

Thai will leaving property and Thai bank accounts to the kid. Western will leaving Western property and bank accounts to the kid.

Yep.
Simple, straight forward, and secure.

Similar - Missus/daughters receive everything with access, exchanges and transfers already available. Both making everything available to the girls.....property, bank accounts, businesses, trusts, etc.

[bowie]

Life is what you make it.

Very much the proverbial "Secret of Life" - give your children the tools they need to survive, provide the example. As stated the rest is "Up to them"

[stroller]

I wonder what she's done to provide for me in case she'll die before me? Will her relis get all the land & assets?

[Troy]

Well, at least I have no debts...

As I have said before, my Dad and I have a bet on who will die first. He's almost got lucky a few times and survived the heart attack and cancer threats so it could be a close call.

Dad, as executor, gets to ensure the wife is looked after for many a year, although she needs very little money to look after herself when in Thailand, There's no fortune, no big money on death, just a steady inflow of a little money to ensure all is okay.

[HuangLao]

I wonder what she's done to provide for me in case she'll die before me? Will her relis get all the land & assets?

Shhhhh......

We don't ask about these things.

[Chittychangchang]

Be interesting to hear from anyone who's been left a legacy by a Thai.
My understanding, I may be wrong....but if your partner goes before you,then you have a year to sell the house coz you carn't own the land.
Unless of course one circumnavigates the damn unsympathetic law.

[HuangLao]

Be interesting to hear from anyone who's been left a legacy by a Thai.
My understanding, I may be wrong....but if your partner goes before you,then you have a year to sell the house coz you carn't own the land.
Unless of course one circumnavigates the damn unsympathetic law.

If there are children involved, it become less complicated - certainly if they are Thai.
Seek out a decent Thai lawyer who specializes in such Thai/Farang relations and varied loop holes.

[Pragmatic]

My understanding, I may be wrong....but if your partner goes before you,then you have a year to sell the house coz you carn't own the land.

You can inherit the land for 12 months as a farang but you must then either sell it or give it to a Thai. That's my understanding.

[stroller]

Be interesting to hear from anyone who's been left a legacy by a Thai.

[TizMe]

The main thing that you have to plan is that your Mrs doesn't sell all your toys for the price that you told her you paid for them!

[Stumpy]

Be interesting to hear from anyone who's been left a legacy by a Thai.

My FIL has "willed" me all his tools....Does that count?

[Pragmatic]

My FIL has "willed" me all his tools....Does that count?

Nah, cuz you probably paid for 'em.

[Stumpy]

Nah, cuz you probably paid for 'em.

HaHa...Actually these are 20 to 40 year old Thai tools. I told the missus that I appreciate the gesture but they will be put out on the road to be picked up by anyone who can use them.

[HuangLao]

HaHa...Actually these are 20 to 40 year old Thai tools. I told the missus that I appreciate the gesture but they will be put out on the road to be picked up by anyone who can use them.

On the contrary, JP -
Old school tools shouldn't be trashed, but revered.

[Pragmatic]

On the contrary, JP -
Old school tools shouldn't be trashed, but revered.

Same as I look at it Jeff. Todays shite (excuse the pun) tomorrow someones heirloom.

[NamPikToot]

Actually on Chisels say, the old steel seems superior and holds an edge better