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Home » Reader question » Reader question: Thai bank account after death
Reader question: Thai bank account after death
Dear readers,
I have an account with Kasikorn bank. Now, if I die, I want my partner (not a blood relative) to have access to my account as he wishes. I can't get it out of the bank. Now I have a power of attorney (signed with Thai witnesses) drawn up by my lawyer so that my partner can act in my place.
I'm not dead yet though… Will this work? I'm not sure. I fear that when I die there will be a lot of problems to clear the funds and I want to prevent that.
Please advice and advice.
Regards,
Emil
I opened a rack with power of attorney for my girlfriend with two bank cards, she can withdraw money without me, grt
I'm also curious how to solve this, maybe just give ATM card & code
Dear Emil,
This is very easy to solve. You change your because we got married kanank account from only in your name to both names. That's how I did it at my SCB bank. I myself am married to a Thai woman and then it can still take up to a year before she has access to it. success and
live long
Paul,
Put the account in the name of both.
KIS (Keep it Simple)
The simplest solution is not to report the death to the bank.
Giving your pin number to your partner now or in a letter to open after your heavens.
Then transfer the desired amount to her own bank account via the ATM (money transfer). all she needs is your PIN.
Another way is also possible by emptying the bank account via the ATM (pin).
You can arrange the maximum amount to be withdrawn with the bank in my case 50.000 thb per day.
How long it takes depends on the number of millions you have in the bank account.
If the bank account is empty, it will be closed automatically.
hopefully you can enjoy your own money for years to come.
Your advice is wrong. Surviving relatives can report theft, after all, after death, the balance belongs to heirs.
Open a and/or account. Giving authorizations does not work, because they expire upon the death of the account holder.
I'm not entirely sure if the following would suffice?
In my case: We are married and have had the bill put on the two names.
I must then have double the amount for immigration regarding my year extension.
I'm curious about the other responses.
Do not just put the bill in 2 names, but arrange an and / or bill.
If 1 account holder dies, the other account holder can dispose of the entire account.
To avoid any discussion with heirs, a will would in any case cover the fact that heirs are not an heir with regard to these bank balances.
NB! At many Immigration Offices it is not allowed to use a bank account in 2 names with an annual extension, check with your IO
Nico B
A will provides that certainty.
In fact, the questioner asks how he can make a decision while alive to allocate (part of?) his estate to a non-blood relative.
Drawing up a will seems to be the best way to do this.
If you also want to authorize the beneficiary of that will to dispose of your estate asap after your death, you can determine by will in Thailand that that person must become “executor” of your estate.
Fortunately, I don't know from experience how fast asap is in practice 🙂 Maybe other readers know?
The problem is that Thailand does not have a central register of wills like NL; Thailand also does not have a notary as in the Netherlands. If you make 5 wills, they will be in the drawer at home and if you go to 'heavens', you can choose the will that is 'nicest' for the partner you (then) have. The rest goes into the round archive, if anyone wants to do any harm.
My will first of all meets all legal requirements, was drawn up by a Thai lawyer, and then deposited on the amphur for a fixed date.
That's a procedure, it will make you laugh!
The officials must first read the law, but then your identity will be established (passport) and then your will will be placed in an envelope, which will be sealed, you will sign on the adhesive edge, a statement will be drawn up, which will be signed by the head of the amphur, you pay a small amount (not 100 baht) and then your will plus that statement goes into the large safe of the amphur. This makes the date legally inviolable.
If you then go to heaven, the safe will be opened and the partner will have a legally inviolable will. Hum, well, unless your next will is less accurately stored. Ah, then you are in your urn on the chimney….
Your will can be forgotten upon your death, consciously or unconsciously. And who may open it : only an immediate family member. And malicious people can make your carefully preserved wills disappear for a fee. Etcera. In short, nothing is certain, not even your urn, people can forget to report you and then you are officially still alive...and then they won't open your will either.
just have the 2nd signature included in the booklet. (danger if you leave each other this is not easy to cancel).
Hallo,
There have been so many bad stories when it comes to money between farangs and their lover.
But yes most say,, mine is different,,.
Golden advice.
Never give a power of attorney or pin code.
Make a will with a recognized lawyer.
Costs you +/- 5000 bath.
And you play it safe even if you haven't died yet.
Gino
You and your wife are handy with a computer and/or smartphone?
Today, one can easily manage an account via internet banking or with the app.
Very easy to log in with a username and password and make transactions.
If you do not trust something, change the password, so that it cannot be abused.
M.vr.gr.
my wife knows my pin code so if I die she can transfer the money immediately to her bank account. My account is then empty and it will be closed after a year if nothing more is done such as transactions, etc. That happens in the Netherlands, I believe the same. Simple, I don't need a lawyer or a bank for it. After all, the bank does not know that I have died.
But I hope I can continue living for a while then there will be more on the bill afterwards haha
mzzl pekasu
Oh yes forget I now manage the bank card until my death
All nice solutions, but as soon as someone dies I understand that things are different. The death must of course be reported, and the banks are immediately informed and the accounts are therefore blocked. This has been heard many times so it will probably always happen that way.
Reporting goes through the police and then also to the embassies, and perhaps several agencies. So it's hard to keep the accounts open.
Also here in Thailand they don't sleep, there has been too much misery in the past. So PLEASE first check if this is really true and then take other measures.
Gr Wim
Dear Wim, I wrote this in an earlier comment:
NicoB says on January 18, 2017 at 16:08 PM
Do not just put the bill in 2 names, but arrange an and / or bill.
If 1 account holder dies, the other account holder can dispose of the entire account.
In order to avoid any discussion with heirs, a will would in any case cover the fact that insofar as these bank balances are concerned, heirs are not an heir”.
I add that the Bangkok Bank has assured me that if there is an and/or account, that if 1 of the two account holders dies, the remaining account holder will remain fully entitled to dispose of the entire account and the and/or account will not be blocked is becoming.
Naturally, the remaining account holder will then open a new account in 1 name.
You say it yourself, you have heard it many times, so it will probably always happen that way.
This would be contrary to what the Bangkok Bank has said.
To what extent are your informants complete, reliable and did you provide the correct information?
In case things turn out differently at Bangkok Bank, my advice is to also arrange a will.
Nico B
Rating: +1
Reply
The Bangkok Bank in the person of a counter employee can say something, but they are bound by laws and regulations and so as long as they do not know for sure if there is a will and what it may say in a will, they will immediately block the account. Until they have a definite answer about who the heirs are and what is stated in a possible will with regard to the assets in a joint account. So that can take a while in the case of the death of a foreigner, just think of the legal heirs, children or other family members in the direct line.
Addition to my response: the basis of a joint account is each 50% of the credit. So after the death, the other account holder cannot appropriate the 50% part of the balance at the time of death. This is the inheritance for the next of kin.
NicoB is right: with a and/or account, both account holders have full rights over the account. In the Dutch situation, if one of the account holders dies, no certificate of inheritance is required and the surviving account holder can dispose of the balance in full. That 50/50 split you talk about is a fabrication.