How to handle ฿800k deposit for Non-O visa
Please only responded if you’ve done the following. Share your experience of costs and procedures. Question on your ฿800k deposit for the Non-O visa:
Since Thai banks do not do PODs (Payable On Death) as done in the U.S., and the Thai method requires having a Thai will drawn up and having an administrator chosen or appointed, what did you do?
The Thai process smacks of US midwestern states who require attorneys to get involved, essentially creating a probate structure.
I’m wanting to find the cleanest way to keep undeserving hands out of money left for my heirs. I’d like to choose an administrator of my choice.
Also, I’m assuming each bank has their own processes to release money after the death of a depositor.