cardinalblue Posted March 28, 2006 Report Share Posted March 28, 2006 It looks like the only way of protecting your financial assets is to start a business... The old put the property in the wife's name and do the 30 year old lease is fine ONLY if you remain a positive relationship with her. But you have no legal way of gaining those assets back should things go south. You are totally at her mercy which is a bad financial decision... Once you buy property, you have flipped the bill but have no recourse to gain access back to those funds. It is completely out of your hands... If you are willing to accept it as charity, then fine but don't expect a write-off minus the gift thing. Actually, you might have to pay US taxes on anything above 10k (not sure was it is today 12, 13?) which would be alot if you are buying the house in full. You might get screwed from a tax standpoint as well.... CB Link to comment Share on other sites More sharing options...
OCgringo Posted March 28, 2006 Report Share Posted March 28, 2006 whats the MAX years you can lease something for in Thailand ? and are you able to sell that lease or will it to someone else thats not THai ? OC Link to comment Share on other sites More sharing options...
elef Posted March 28, 2006 Report Share Posted March 28, 2006 30 years and an option to renew it 30 years more, but only if it's registered at the land office - if not registered I think it's just legal 3 years. Link to comment Share on other sites More sharing options...
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