This presentation aims to equip retirees with comprehensive information regarding financial planning while residing in Thailand, along with some guidance on what retirees should think about.
The session covers the importance of wills, Thai intestacy rules, and how they may differ from the laws of retirees’ home countries. It introduces usufructs, which grant individuals the legal right to use and benefit from property owned by another and provides guidance on the tax implications and processes involved in gifting assets.
Participants are encouraged to weigh the pros and cons of using Thai banks versus maintaining accounts abroad. The event addresses pension management while living overseas, focusing on taxation, payment methods, and currency exchange challenges. It stresses the importance of planning for repatriation needs, especially for health care emergencies.
Retirement visas and long-term visa options in Thailand are explained, along with the utility of creating a Letter of Wishes to complement a will. Retirees are advised to review health insurance, life assurance policies, and local/international coverage options. Organizing essential documents in English and Thai for emergencies is emphasized.
Lastly, wealth planning is explored, covering investments in Thailand versus the home country and estate tax considerations.
By addressing these key areas, retirees can proactively ensure peace of mind while embracing their life in Thailand.
Presented by Noel Ranson, Senior Consultant from Business Class Asia with 26 years of international experience in the industry across several countries. http://businessclassasia.com
The event will be at the Pacific City Club, 28F, 2 Pacific Place, right next to Nana BTS Exit 2.
A charge of 100 Baht per attendee will be collected on the door to help cover our costs.
