Expat Succession Now Follows Thai Law

[Idefix 2,275]

Hi. A very interesting point in this month French Embassy's Newsletter.

This concerns all European people (and people who own lands, house... in Europe ?)

It's about The New EU Regulation 650/2012 on International Successions that will apply to successions opened from 17 August 2015.

 

In short this regulation will make things easier in the general case :

Only your country of residence will manage your succession, even for goods you own in other countries.

 

The principle: application of the law of the State in which the deceased will have his/her habitual residence at the time of death, even if this is the law of a State that is not a member of the European Union. A single law will govern the whole succession.

 

Expats in Thailand : It's Thai law that will apply on your goods or house in Europe...

 

Of course you can modify this "by default" rule by making a will, but from my Embassy very few expats make one... until today.

 

Articles on this subject :

http://www.notaries-of-europe.eu//index.php?pageID=9836

http://www.retiringtoitaly.it/eu-regulation-6502012-cross-border-succession--effective-from-17-08-2015.html

Google "EU regulation 650/2012" ...

[Parkwahn 61]

Having a will in every country you have assets is the way to go ,

[MM 6,562]

I hope this doesn't make it into US law.