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Introduction of Assets Administrator in Thailand 泰國遺產管理人介紹

In Thailand, when a person passed away, there should be an assets administrator by law to handle, distribute, and to protect the properties. According to Thai Civil and Commercial Code (“CCC”),[1] an asset administrator can be appointed by will of a deceased or by court through filing an application to appoint someone to be an administrator. You can also refer to our earlier article “Necessary documents to prepare for inheritance process in Thailand” at https://0rz.tw/9s0uv.[2]


To be responsible to the job duties, an asset administrator should prepare the following:[3]


1. Prepare a list of properties within 1 month from the death of the deceased, or from the date when the administrator has acknowledged this appointment. If the list of properties cannot be prepared within the time limit specified by law. A request for an extension of time can be filed.[4]


2. Do necessary act of assets management such as submit answers in court.


3. Take necessary steps to collect debts due to the assets within a short timeframe.[5]


4. After the creditors of the assets are satisfied with the payment, the assets should be divided, and complete a report showing the account of management and sharing of inheritance within 1 year from the date of hearing of court order or deemed to have listened to the court order unless the majority of heirs or the court prescribes otherwise.[6]


In addition, it is possible to remove an assets administrator. According to CCC, an administrator can be removed when:[7]


1. Any interested party file an application for removal of an administrator to the court for neglecting the duties or other reasonable causes.[8]


2. An administrator resigns for any reasonable causes and must be permitted by the court, but if during the act and if there is damage in the management occurs, it is still responsible.


3. Death or become a person who has prohibited qualifications, such as bankruptcy, insane person, or virtual incompetence.


The application should be made prior to the completion of the properties distribution.


[1] Section 1719 of Thai Civil and Commercial Code. [2] Ibid, Section 1711. [3] Ibid, Section 1716. [4] Ibid, Section 1728 and 1729. [5] Section 1744 of Thai Civil and Commercial Code. [6] Ibid, Section 1732. [7] Ibid, Section 1727. [8] Ibid, Section 1731.

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