Jump to content
BANGKOK 19 April 2019 02:08
stapoz

Buy a house when married = no control over it?

Recommended Posts

1 hour ago, Benroon said:

To rule out an entire country to do business with, an economy worth £455B says more about your lack of business skills than it does Thais

Not really. I have much better and safer investments elsewhere.

  • Like 1

Share this post


Link to post
Share on other sites
1 hour ago, AlexRich said:

 

I had an interesting conversation with a hi-so Thai lady in Chiang Rai, who owns various businesses and tea plantations along with her husband. She told me, in excellent English, that "Thai people do not trust other Thai people". The quote from Kitten Kong might be a bit extreme but it may indeed be well founded. 

 

I see no issue with a foreigner with a wife and child buying or building a house in his wife's name, that will be handed down to the children. I suspect it would be cheaper than a UK or US divorce. The key point is to ensure that you have enough funds to re-establish should the relationship go wrong ... going "all in" might be something you regret later. As most foreigners are either retired or getting close to retirement they do not have the time to recover from a serious financial set back. A younger foreigner might be okay. 

 

 

 

The problem   the Thai wife will sell or hok the property to the hilt and palm the kids off to the grandparents in the jungle. It's the good nature and western culture  that Thais take advantage of.  Anyone that was pee poor till they met their foreigner husband thinks a few million will last a lifetime....as we know it doesn't.  I lost a hell of a lot and left with three kids, luckily  I worked here and had sufficient  savings but most guys don't. It's a serious  problem  here and there isnt anyway to get round owning property except foreig named condos. I could list hundreds of examples over the years of guys loosing everything. Forget lawyers, they will tell you anything to get money. Anyone buying property  here in wife's name etc needs their head tested. 

Share this post


Link to post
Share on other sites
1 hour ago, baansgr said:

The problem   the Thai wife will sell or hok the property to the hilt and palm the kids off to the grandparents in the jungle. It's the good nature and western culture  that Thais take advantage of.  Anyone that was pee poor till they met their foreigner husband thinks a few million will last a lifetime....as we know it doesn't.  I lost a hell of a lot and left with three kids, luckily  I worked here and had sufficient  savings but most guys don't. It's a serious  problem  here and there isnt anyway to get round owning property except foreig named condos. I could list hundreds of examples over the years of guys loosing everything. Forget lawyers, they will tell you anything to get money. Anyone buying property  here in wife's name etc needs their head tested. 

 

You're kind of presuming that everyone marries a rice farmers daughter turned go go dancer? There are definite risks in going "all-in", that's a gamble too far, no matter who you marry or have a relationship with. But not all Thai's married to foreigners will do that. My main point was that it's okay as long as the foreigner has plenty of money to start again should things go wrong. So anything the wife gets is a fraction of your net worth. 

 

 

 

  • Like 1

Share this post


Link to post
Share on other sites
13 hours ago, ThomasThBKK said:

The majority of shares of course but not the majority of voting rights aka preference shares.

Thailand supports class a and b shares and the dbd registers them without issues....
It's standard business practice...

You don't put the house in there as a company asset or u would lose money while selling of course to the thai share holders...


Ahh i stop, doesn't make sense to discuss here anyway...

Yeah and freshfields prolly knows what they do... The guy just described it incorrectly.

Sent from my LYA-L29 using Tapatalk
 

Well Thailand being what it is, many law firms will set up a construct of shareholding chicanery for the right money.

 

My point, which I didn't make clear, is that although Thai shareholders are required for a company, the funding for those shareholders should not come from "within" the company and should be separate. If one steps back one can see that the funding is a "merry go round" of the funds and not as was intended by law.

 

Anyway off topic and has been discussed ad-nauseam on other threads and if the "owners" of such constructs are satisfied with what they have........then "up to them".

Share this post


Link to post
Share on other sites

Probably best to build a modest house for less than 1-2 million baht, live in it while things are good. If the relationship goes south, move on and write off the house as a lesson. Better still is to rent something for a year or two and then decide if buying a house (basically for your partner) is something that you still think is a good idea. Rent, don't buy is a phrase worth heeding here in Thailand, or anywhere else for that matter if you technically cannot own the land.

  • Like 1

Share this post


Link to post
Share on other sites
8 hours ago, AlexRich said:

 

You're kind of presuming that everyone marries a rice farmers daughter turned go go dancer? There are definite risks in going "all-in", that's a gamble too far, no matter who you marry or have a relationship with. But not all Thai's married to foreigners will do that. My main point was that it's okay as long as the foreigner has plenty of money to start again should things go wrong. So anything the wife gets is a fraction of your net worth. 

 

 

 

"Bangkok Thais" are just the same. 

Share this post


Link to post
Share on other sites
On 2/18/2019 at 10:43 PM, ThomasThBKK said:

 

the main issue is that if the land department notices your wife is married they force u to sign a document that states that her money was used to purchase this - and they are not flexible on that bs document...

better to not have your wife listed anywhere in the shareholdings at all

This is right, but in a divorce this signed document isn't a problem. About land the common rule is in a divorce that it's 50/50. Your EX-wife must pay out you or the land must be saled and you get the half.

The signed document at the land office has nothing to do with it. This is just for clear that YOU cannot own land.

Share this post


Link to post
Share on other sites
1 hour ago, snowgard said:

This is right, but in a divorce this signed document isn't a problem. About land the common rule is in a divorce that it's 50/50. Your EX-wife must pay out you or the land must be saled and you get the half.

The signed document at the land office has nothing to do with it. This is just for clear that YOU cannot own land.

But the document you sign clearly states the money was hers before marriage.....when will you guys get it... You own zilch,  control zilch,  at best you can live there till you die... But honestly  you won't want to stay in the house if things turn sour.... 

Share this post


Link to post
Share on other sites
On 2/16/2019 at 4:35 PM, KiChakayan said:

I am married, and I have spent about half of my saving on buildings a nice house for my family. I did so because we have two daughters, and there is no way I would leave them without a proper home if/when I departed, for whatever reason.

Now building a house for a girl friend or wife, without a solid, established relationship is just asking for trouble. Take your time, make sure it can last, and start building only after you get officially married. As far as I understand half of the house, or whatever you buy while married, will be considered as yours. Even though you can't own the land the house has been built on.

There is also the issue of where you want to built a house, most girls will try to coerce you to build nearby their parents homes, make sure that that's what you want before you give in. Again, take your time.

Now that's interesting. I too have paid for the building and furnishings of a house, on land owned by mother in law. So no question MIL owns the land which she says she will transfer to her daughter my wife, but hasn't yet

So I paid for the house etc, my wife has a house book for it, as yet I don't.  Who owns the house, who can sell it? Can it even be sold if it is on land owned by MIL?

Share this post


Link to post
Share on other sites
21 hours ago, baansgr said:

"Bangkok Thais" are just the same. 

NOPE ,, Isaan people are merely Lao's with the border placed incorrectly. Gin ( eat Lao khao).

They speak Laos ,, they eat Laos style food ,, they live like Laos they are Laos

  • Like 1

Share this post


Link to post
Share on other sites
23 hours ago, baansgr said:

But the document you sign clearly states the money was hers before marriage.....when will you guys get it... You own zilch,  control zilch,  at best you can live there till you die... But honestly  you won't want to stay in the house if things turn sour.... 

Right, but you can get back 50% from your money. Better as nothing.

  • Like 1

Share this post


Link to post
Share on other sites
On 2/19/2019 at 9:17 PM, elliss said:

 

         Really ,

 Thailand is ruled by a unaccountable  military junta/ Goverment , 

who  can change the rules, at the stoke of a pen, within minutes. 

Law firm Freshfields ,  must have the Thai Goverment shuddering, tanks and all.

     

 

Any government anywhere can change the rules whenever it wants, for its own citizens and for expats in that country.  If you hate Thailand  and how it works that much, why do you bother with the place at all?   

  • Thanks 1

Share this post


Link to post
Share on other sites

You are buying a house for your wife.

 

End of story.

Edited by LomSak27
  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...