Succession is a way of acquisition whereby a person’s assets, including their rights and duties, are passed onto his or her heirs, devisees, or legatees following their death. In Thailand, there are two types of succession: testate and intestate.
For the first type; testate succession, occurs when the deceased (testator) has a valid will specifying how his or her assets should be distributed after his or her death, subject to certain legal conditions.
The testator’s assets and his intentions for their distribution are also regarded to be described or recorded into their will.
The many types of wills that may be drafted in Thailand where they must comply with the form prescribed by the Civil and Commercial Code of Thailand. You can establish a will using one of the following formats:
Thai law permits foreigners to make their own wills to prepare for their passing to direct how their property is divided in Thailand. These assets can be either actual or personal, such as houses, cars, jewelry, personal belongings, bank accounts, and condominiums. A will should always be drafted whenever an
ex-pat owns a sizable amount of assets in Thailand for legal purposes.
Alpha Legal provides drafting of a will to serve and meet your demands and to better safeguard your interests even after death. Contact us today for a free consultation!
Intestate succession is where a person dies without a will. Thailand law provides for intestate succession, allowing heirs to inherit property in accordance with Section 1629 of the Thai Civil and Commercial Code.
Statutory Right of Inheritance
Statutory Heirs are divided into only six categories according to Section 1629 of the Civil and Commercial Code. These are the classes of heirs that has legal rights to inherit the estate of the deceased:
Half of the estate, referred to as Marital Property, shall be the property of the spouse, if any, before any distribution of the estate to the heirs according to the ranking of the class to varying proportions.
Please feel free to contact us, if you need more information or have any further questions.
Alpha Legal is a full-service Thai law firm based in Bangkok. The firm’s lawyers were in reputable international/local law firms and were certified to handle many practice areas to ensure that the clients’ cases are handled properly with a guaranteed reasonable retainer.