Legal guides written by Smart Legal Solutions:
- Main Legal Measures to Protect Foreign Investment in Thailand
- Legal Protection of Foreign Investment in Thailand
- The importance of the geographical indications for the Thai economy
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Private Client law in Bangkok covers a broad range of legal services focused on individuals and families, especially concerning their wealth, assets, and interests. This area of law typically includes estate planning, wills and succession, trusts, tax planning, asset protection, and family matters such as marriage, divorce, and child custody. Given Thailand's unique legal landscape and cultural context, these matters can be complex and may require specialist guidance to ensure compliance with local laws and the safeguarding of personal or family interests.
There are many situations where seeking legal advice in Private Client matters becomes essential. For instance, if you need to draft a will to ensure your assets are passed on according to your wishes, navigate succession laws, or manage cross-border assets, a lawyer's expertise is invaluable. Expatriates living in Bangkok often require legal assistance to address unique challenges in marriage or divorce proceedings, child custody, or property ownership under Thai law. Furthermore, business owners and high-net-worth individuals often consult lawyers to protect their wealth, minimize tax implications, and ensure compliance with both Thai and international regulations. Finally, if a loved one passes away in Thailand, navigating probate and estate administration can be extremely difficult without sound legal guidance.
Private Client law in Bangkok operates within the broader framework of Thai civil law. Key aspects include:
Given these complexities, experienced legal counsel is often needed to navigate the requirements and implications under Thai law.
Generally, foreigners cannot own land in their name in Thailand but can own condominiums, provided foreign ownership in the building does not exceed 49 percent. There may be legal structures such as leases or setting up a company that can be considered, but professional advice is essential.
A foreign will may be recognized in Thailand, but it must meet Thai legal requirements, and the estate administration process can be complicated. It is often advisable to have a separate will drafted in Thailand for local assets.
Inheritance is mainly governed by the Civil and Commercial Code. Thai law specifies statutory heirs and inheritance shares. Without a will, assets are distributed to relatives in a prescribed order. Having a will allows for more control over asset distribution.
Thailand imposes inheritance and gift taxes under certain conditions. Generally, immediate family members benefit from higher exemptions, and rates can vary. Consulting a tax lawyer or advisor is recommended to understand your specific situation.
As of now, Thailand does not legally recognize same-sex marriages or partnerships. However, the situation is evolving, and proposed legislation is under consideration.
Divorces can be administratively registered if both parties agree or handled through court if contested. Issues such as property division, alimony, and custody are determined according to Thai family law.
A Thai will must comply with formal legal requirements, such as being in writing and signed by the testator in the presence of witnesses. Different types of wills are recognized, each with specific formalities.
In the event of a separation or divorce, Thai law prioritizes the best interests of the child. Custody (guardianship) may be shared or granted to one parent, and court approval is often needed, especially for non-Thai parents.
Traditional Anglo-Saxon trusts are not recognized under Thai law. However, there may be other legal mechanisms available for asset protection and succession planning with professional guidance.
Foreigners often face unique legal obstacles regarding property rights, family matters, and inheritance. Language barriers and different legal systems add complexity, making professional legal advice critical for compliance and effective personal planning.
If you need further information or support, the following resources may be helpful:
If you believe you need legal assistance regarding Private Client matters in Bangkok, consider taking these steps:
Obtaining quality legal advice early on is the best way to protect your interests and address any issues before they become complicated or costly.