Everyone knows that if you own real estate or other assets in Thailand, it is important to prepare a local will. But why. What happens if there is no will.
In Thailand, as in Russia, inheritance can be obtained according to the law. There are six classes of relatives, and each class inherits in order of priority.
For example, if there are children, who belong to the first class, parents, who belong to the second class, cannot claim the inheritance. Heirs within the same class divide the property in equal shares.
A spouse will обязательно receive a share. The spouse receives an equal share together with each child, half if inheriting together with parents or siblings, two thirds if inheriting with relatives of other classes, or the entire estate if there are no relatives from any of the six classes.
How do relatives inherit the estate.
Through the court, by providing proof of relationship. The procedure will be relatively simple if all relatives waive their shares in favor of one person. In this case, notarized waivers and a statement from one heir expressing the intention to inherit must be submitted to the court.
If each relative claims their share, they may submit a joint application for inheritance and possibly authorize one person to represent their interests in Thailand. If there is no agreement within the family, each heir may file a claim in court independently and defend their right to the inheritance.
Author: Alexandra Agapitova.
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