Any ideas about how to go about it? Does it require two separate documents to cover assets in both places? When we look through various expat forums this is one of the most common questions asked.
You can see variations on the question here and here. What follows in the forums is a mix of excellent advice, interspersed with some really poor advice. Also, if you have any assets in the U. The Thai will only covers Thailand.
We had to do two in the U. A Thai will has to be written in Thai to be legal. In essence, you need a Will to be drawn up for each jurisdiction in which you hold assets, and the document must be written in the language of those courts. But it is not just the language barrier; there are laws as to what can and cannot be done in a Will, and there are laws that direct the contents of the document and the steps that must be followed to make the document legal.
These laws vary from jurisdiction to jurisdiction so a Will written under Thai law, even if written in English, would probably not be accepted by a UK Probate court. If you are thinking of writing your Will using a blank kit which in itself is a really bad idea , you would have to find a kit that covers the jurisdiction in which you hold assets.
This might work if you only have assets in one country, but if you have assets in multiple countries, a blank UK Last Will and Testament kit will not work for you. This will only apply for Thailand, If you assets in another country you need a will in that country, it can also be a free download type and this is accepted in UK and Australia. I have checked in all three countries and been told by lawyers it is quite acceptable.
A person under Thai law may also make a holographic testament, i. Firstly, the Will is going to be inadequate and probably will not include important components like alternate plans, trusts for minors, powers granted to the Executor. There is actually a high likelihood that you will create a Will that will simply not work.
This Last Will and Testament will create a number of problems for your loved ones. It is actually very difficult to prepare a well drafted UK Last Will and Testament starting with a blank piece of paper, and not an approach that should be taken unless you are pinned under a rock.
Our Wills include over 20 clauses and are pages. Not a single clause is superfluous in a well drafted Will. I left the UK in and have no plans to visit in the near future. The difficulty is that if you use a solicitor to prepare a UK Last Will and Testament they must be licensed to practice law in the UK, which means that they will have a law office in the UK. If an unmarried man dies, his female partner automatically gets guardianship of their children, but if an unmarried woman dies, her male partner does not.
You should appoint each other as guardians in your wills to overcome this problem. Appoint trustworthy trustees This might sound obvious, but if you are setting up a trust in your will or if your beneficiaries could be aged under 18 when you die, you will need to appoint trustees. Trustees will be responsible for managing and investing money, or looking after property until it passes to the beneficiaries, so make sure they are people with a good grasp of financial matters - and that they are still young enough so they don't die before you do.
This is Money can help you sort out a problem-free, affordable will. Make specific legacies If you want to preserve family heirlooms or items of special sentimental value, for example, a grandfather clock, or a wedding or engagement ring , you should leave these items as a specific legacy to a named beneficiary.
Make sure you leave a residual legacy The 'residue' is what is left over in your estate after you have made any specific legacies. You must specify who this goes to, as if you fail to do so, you will create a partial intestacy in your will. In other words, the small gifts and legacies would pass according to the will, but the residue would be subject to the laws of intestacy.
Save tax with a trust Inheritance tax is becoming a burden for many families, particularly where the value of a property pushes the value of an estate above the nil rate band for inheritance tax. Sign your will It's all very well having your will drafted, but if you don't sign it in front of two independent witnesses, it will not be valid. A witness cannot be anyone mentioned in the will or anyone married to anyone mentioned in the will. Get it stored safely Once your will has been correctly signed and witnessed, have it stored in a proper safe storage facility.
This will protect it from fire, flood, damage, or loss. Your executors will be provided with a certificate showing them where your will is stored and how to get hold of it if you die.
Whatever you do — don't hide your will. Your will is no good to anyone if it cannot be found after your death. No comments have so far been submitted.
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Making a will Contents. Overview You can write your will yourself, To help us improve sportwallpaper.tk, we’d like to know more about your visit today. We’ll send you a link to a feedback form.
How to make a will: making sure it's valid, using a solicitor and changing it when your circumstances change.
switch to the UK edition Writing a will really is easier than you think. What are you waiting for? He says that if you are determined to write your own will it is a good idea to use a. If you've got assets and people you'd like to look after, making a will is crucial: read our guide on will writing cheaply - or even for free, online. Making a will: free or cheap will writing - MoneySavingExpert.
DIY wills – what you need to know Templates for DIY wills are cheap and easy to find – you can get them online or from stationery shops. But it’s not always a good idea to write your will yourself. The challenge of writing a UK Last Will and Testament to cover UK assets when you are living outside of the UK.