Is a family holding company right for you?
A family holding company is not for every family. Check the signs that it may be time.
Read moreA will states who should receive your assets and rights after you die, but it only takes effect if it follows a form recognised by law.
Forms of will under Thai law
- Ordinary will in writing, dated and signed in front of at least two witnesses present together
- Holographic will written entirely in your own hand, dated and signed
- Public will declared to the district chief in front of two witnesses
- Secret will sealed and presented to the district chief with two witnesses
- Oral will only in exceptional circumstances where no other form is possible, such as imminent danger of death
Common pitfalls
- Beneficiaries and their spouses should not act as witnesses
- Describe the assets and beneficiaries clearly to avoid disputes
- Review your will when your family or assets change
Which form is right for you?
Each form suits different situations. Talk to GTIA’s legal advisors to choose the form and content that reflect your wishes. Book a consultation