99% of wills are drafted immediately after purchasing a condominium.
Is it necessary to make a will if You do not own real estate in Thailand?
Firstly, a will can include not only real estate but also other assets, including cars, motorcycles, funds in bank accounts, and more.
Secondly, real estate (other than condominium units) may be acquired by foreigners through a Thai company, in which the foreigner holds shares. Accordingly, it is advisable to dispose of these shares in a will, along with the land owned by the company.
Thirdly, we draw the attention of business owners to the fact that company shares are assets that may lead to conflicts between other shareholders (partners, if any) and legal heirs. Including shares in a will is the right decision.
Fourthly, even if You do not own any assets, You can still include personal belongings in a will and provide instructions regarding procedures.
We will help You compile a complete list of Your assets in Thailand.
For all questions regarding will preparation, please contact: +66 65 665 1970.