When is a Thai Will Considered Final and Executory and When is it Considered Null and Void?
The idea of making a will is something most people are reluctant to even think about. As death is an extremely sensitive issue, any topic that is directly or indirectly associated with it is shunned. However, for many people, writing a will is almost a necessity especially if it concerns considerable estate, assets and investments. more
Every country has its own sets of laws on intestacy or intestate succession and inheritance. Certain laws govern Thai will or decide for legal heirs in the event that the source of the inheritance passed away without a will. In Thailand, the provisions of the Thai Civil and Commercial Code will govern in the event a person died without an executed will to describe how the assets will be distributed among heirs. more
Thailand was one of the countries included on the money laundering list of the Financial Action Task Force or FATF in February 2012 as the country failed to prove that it had adequate steps in place against money laundering and terrorist financing. The FATF is an intergovernmental body tasked to monitor money laundering and terrorism funding. It is also the Task Force’s job to combat money laundering and terrorism financing activities worldwide. Thailand was included in the Anti-Money Laundering and Counter Terrorist Financing blacklist. more