guzzi850m2, on 2012-02-06 22:07:15, said:
thaiwanderer, on 2012-02-06 21:32:32, said:
Classic. What was the lawyer's advice on that?
What do you mean? He did set up a company for me then with me as chairman (49%) and different nominees. I sold the house after 3 years with a small profit (app.2 years ago) and dissolved the company as the company was only there to own land/house.
It was a throw away comment more aimed at what we can tell about your lawyer.
Good for you, you broke the law, got away with it and profited.
There might never have been a problem with your illegal company structure but its anyway different from thinking a lease, mortgage or whatever to and from your wife gave some protection or even a brittle appearance of some when right from the outset it gave absolutely none.
It's not our place to speculate on whether you should or shouldn't trust your wife, but you talked of wanting protection and yet invoked the advice of a 'real thai lawyer' who is (i) giving wholly incorrect advise (if reported by you accurately) and (ii) has already assisted in setting up a company for you to commit an imprisonable offence and potential forfeiture of your investment (without clarifying whether he advised you of this).
You say you've now decided to trust your wife though I interpret your talk of offshore work and pensions etc that you may not be considering her entitlement (and trusting her) to anything beyond the land?
At the very least, good for you on that. I've posted here a number of times that usually I see the differing land rights for thai / farang relationships as a perfect reason to give the thai spouse the land from the outset, rather than just give the appearance they have the land in the hope of successfully breaking the law. I do sometimes wonder when posters talk of protecting themselves regarding land what provision if any they are making for their spouses should things go wrong, especially since they are already planning for it themselves!
Edited by thaiwanderer, 2012-02-07 00:31:26.