This is what the banks require for closing down the deceased estate bank account and returning the money to the heirs – Thai888 Law has many years experience in Probate and we act for you. Please read the following instructions to retrieve 5000 USD from an account.
Dear +++++++++++
Please refer to requesting the closing of savings account number +++++++++++ and obtaining the remaining balance from such account of ++++++++++++++++++.
Per your request, please be advised that in order to receive the money, you are kindly requested to proceed with any one of the following three options:
1. Appoint your embassy as the recipient and request the embassy to provide the following documents to us. Under this option, we will issue a cheque (check) to the embassy with restrictive account payee only crossing.
1.1 A Power of Attorney appointing the embassy to execute the matter on your behalf.
1.2 A death certificate.
1.3 A copy of the passport of the legitimate recipient and the depositor.
1.4 A document showing that the recipient is a legitimate heir or administrator of the estate.
1.5 A letter from the embassy attesting that you are the legitimate recipient of the money.
1.6 A letter from Thailand’s Ministry of Foreign Affairs verifying the name and signature of the authorized officer of the embassy.
2. Appoint your embassy as a representative to proceed on your behalf by providing the following documents to the embassy in order to verify such documents and submit them to us. Under this option, we will transfer money to the designated account via SWIFT.
2.1 A Power of Attorney appointing the embassy to execute the matter on your behalf.
2.2 A death certificate.
2.3 A court order appointing an administer of the estate of the deceased.
2.4 A letter requesting money from the account of the deceased.
2.5 An application for currency exchange and fund transfer.
2.6 A letter of indemnity.
2.7 A copy of the passport of the legitimate recipient and the depositor.
2.8 A letter from the embassy attesting that you are the legitimate recipient of the money.
2.9 A letter from Thailand’s Ministry of Foreign Affairs verifying the name and signature of the authorized officer of the embassy.
All documents must be signed by your embassy.
3. Appoint a Thai888 law firm in Thailand to execute the matter on your behalf. The law firm must provide us documents in the same manner as described in No. 1 above. Under this option, we will issue a cheque (Check) to the embassy with restrictive account payee only crossing.
However, if you are able to travel to Thailand, you can file a case to request a court order appointing you as the administrator of the estate of the deceased. With this option, your documents must be notarized or verified by your embassy, and it may take up to two months to complete the matter.
Please be advised accordingly and keep us informed of your decision. Thank you.
Yours faithfully, The +++++++++++++++++++++Bank Public Company Limited +++++++++++ BRANCH EMAIL: ++++++++++++++@++++
Summary
True but sometimes the judge will have a different opinion. Under section 1735 CCC Thailand all debts and creditors must be paid from the estate first and this doesn’t always happen.
This money is from moveable assets ie the cash in the bank. Later to satisfy other debts or creditors immovable assets ie condo or house may be sold and the former paid. Again this does not always happen.
Sometimes this does not happen and the cash is basically froze, as there is a dispute about the Beneficiaries and the debts to be paid and how they should be paid.
The law is specific in that Section 1739 states that the Executor or the Administrator of the Will, paragraph 6, is to be paid from the cash. Again this does not always happen.
Basically, the Beneficiaries get whats left, however in some cases, they will keep the case open in the hope of getting things their way, regardless of the law it becomes a compromise so that everyone can move on and settle the estate.
Any questions please ask [email protected]