All,
My wife (who lives in the US) and mother-in-law in Thailand recently sold some real estate in Thailand. My mother-in-law has the proceeds in a plain-old savings account in a Thai bank. Other than the recent coup in Thailand, the general state of banks and investment opportunities in Thailand is not stellar. My wife and I have wondered if and how we could bring those funds here to the US and invest them although I don't know who would be considered the owner, how they would be taxed, etc. Any experience on this or who would be a good resource?
Thanks much,
Mike