Hidden Assets Investigation

[webmark]

Hi,

 

Married to a thai woman, i plan to buy a studio far away from where we live and i want to hide it from my wife  If we decide to divorce, the judge will conduct some investigation to evaluate the value of my assets. Could he find this studio ? How could i do to hide it and save it from sharing in case of divorce please ?

 

Thanks Mates !

[Langsuan Man]

Don't buy it now,  because it is community property,  rent it with option to buy, where the rent will serve as a down payment once the "marital" situation is sorted  

 

A lease in your name will not show up on any asset investigation UNLESS you try and buy it under the farang quota, then it will show up on the Land Office Database  

[webmark]

29 minutes ago, Langsuan Man said:

Don't buy it now,  because it is community property,  rent it with option to buy, where the rent will serve as a down payment once the "marital" situation is sorted  

 

A lease in your name will not show up on any asset investigation UNLESS you try and buy it under the farang quota, then it will show up on the Land Office Database  

That's very interesting, i never heard about it, rent with option to buy. How does it works ? For example, if i want a condo what should i say to the seller ? I suppose that a need contract from a lawyer right ?

 

Thanks you so much

[Langsuan Man]

Lease with option to buy is very common in the West, for those who don't have enough funds for a down payment, not so common in Thailand 

 

Yes, you would probably have to do it via a lawyer to keep it out of any public records and it goes without saying the seller would have to be amenable to the arrangement.  The deal could be sweetened for the prospective seller if the lawyer was willing to keep a fairly large amount of "key" money in escrow

 

You could also learn from the Thais how they "hide" assets, which is by purchasing property via a company.   Don't want to ignite that particular debate here at TV but it is a way around the asset declaration

 

Unfortunately anything you do is going to depend upon how much of a bull dog your wife's lawyer is and how much she knows about your source of funds 

[dotpoom]

2 hours ago, webmark said:

That's very interesting, i never heard about it, rent with option to buy. How does it works ? For example, if i want a condo what should i say to the seller ? I suppose that a need contract from a lawyer right ?

 

Thanks you so much

Simple really, I bought my house that way. I simple rented/leased it for two years (I paid it all upfront but didn't have to), no lawyer involved, just a contract with the owner stating that if I wished to buy the house when the two years was up, I could, and the two years rent would be deducted from the price of the house we had agreed at the time of signing the contract.

 

[Barney R]

Begs the question , if you are thinking this way now , why are you with her then ? Seems to me you have doubts about the future 

[Colabamumbai]

You can put it in my name. I live here permanently. I would only ask that you allow me to stay there once in a while. I have a house/ home in the wifes name. Not looking for money, nor to bring strangers there

 Am 67 and don't drink or party

 

[fvw53]

you should hire Trump's lawyer Michael Cohen

 

[happylarry]

Ive just been talking with my wife about this and apparently the only way your wife’s lawyer would find out about the condo would be if he checked in the exact land office where the condo was registered, and if as you say it was far away then what are the chances of that happening. Of course when/ if it comes to it then you do realise you would be commiting an offence by lying to the court and if found out you would be in deep shit.

HL

[catman20]

and their i was thinking marriage was based on honesty silly me. 

[KKr]

35 minutes ago, happylarry said:

Ive just been talking with my wife about this and apparently the only way your wife’s lawyer would find out about the condo would be if he checked in the exact land office where the condo was registered, and if as you say it was far away then what are the chances of that happening. Of course when/ if it comes to it then you do realise you would be commiting an offence by lying to the court and if found out you would be in deep shit.

HL

What happylarry suggests seems to be correct, however, some time in the future the land register will be interconnected, so be careful.
Also, do not forget to check the inside of your fenders for that small location transmitter. 
I'd suggest the safest way is to put your cash in a bank account far away, rent a play condo somewhere you think is appropriate, get divorced, and then buy and / or do whatever you fancy. 

Edited February 16, 2018 by KKr

[webmark]

2 hours ago, Barney R said:

Begs the question , if you are thinking this way now , why are you with her then ? Seems to me you have doubts about the future 

Exactly 

[webmark]

5 minutes ago, catman20 said:

and their i was thinking marriage was based on honesty silly me. 

me too 

[webmark]

2 hours ago, dotpoom said:

Simple really, I bought my house that way. I simple rented/leased it for two years (I paid it all upfront but didn't have to), no lawyer involved, just a contract with the owner stating that if I wished to buy the house when the two years was up, I could, and the two years rent would be deducted from the price of the house we had agreed at the time of signing the contract.

 

Thanks mate !

[Enoon]

 

The fact that you have implied that I might, by merely reading your post, be your "Mate", makes me feel sick.

 

 

Edited February 16, 2018 by Enoon

[KKr]

1 hour ago, Colabamumbai said:

You can put it in my name. I live here permanently. I would only ask that you allow me to stay there once in a while. I have a house/ home in the wifes name. Not looking for money, nor to bring strangers there

 Am 67 and don't drink or party

 

trusssssst in me  -   555   - bring only friends that think I am hansom and I feel I know already all my life

[catman20]

You can put it in my name. I live here permanently. I would only ask that you allow me to stay there once in a while. I have a house/ home in the wifes name. Not looking for money, nor to bring strangers there

 Am 67 and don't drink or party

 

 

hes properly not as stupid as you were putting it in someone else name.

[Lacessit]

The OP might want to consider purchasing Thai gold bullion if he wants something he can keep away from the legal system. Gold is portable, a condo is not. AFAIK there's no paper trail.

Edited February 16, 2018 by Lacessit

[Lacessit]

47 minutes ago, catman20 said:

and their i was thinking marriage was based on honesty silly me. 

It's not. Marriage is based on the proposition the man will provide support for the woman for the rest of her life, and the woman will provide sex for the man for the rest of his life. Not hard to work out the future of that idea.

[webmark]

46 minutes ago, Enoon said:

 

The fact that you have implied that I might, by merely reading your post, be your "Mate", makes me feel sick.

 

 

I didn't talk to you blockhead

[hobobo]

3 hours ago, Barney R said:

Begs the question , if you are thinking this way now , why are you with her then ? Seems to me you have doubts about the future 

Free sex presumably. I can't imagine either of you is enjoying your situation...

[Minnehaha]

Even if legally married and you dont mind breaking the law, then just buy it and claim to be single. And if when you sell do the same thing. I have seen this done many times. The land office is not in the marriage verification business. They usually ask if married especially if people present as a couple. 

Again. This is not legal but it does not carry serious risk, IMHO

[Moti24]

With that attitude, you are more of a sleasebag than you think your wife is!

 

****in pathetic ****!

[Moti24]

Just now, Moti24 said:

With that attitude, you are more of a sleazebag than you think your wife is!

 

****in pathetic ****!

 

[cornishcarlos]

Keep your assets up your sleeve, like Thais do :)

[webmark]

23 minutes ago, Moti24 said:

With that attitude, you are more of a sleasebag than you think your wife is!

 

****in pathetic ****!

Don't judge me, you don't know me and you don't my wife. I will share with her 90% of what i own, i just try to find a solution to save something for my kids in the future.  

[Monkeyrobot]

Buy it in a company name, but I doubt they would find out if you did buy it in your name. You would have to hide the paper trail.

[MrY]

1 hour ago, Moti24 said:

With that attitude, you are more of a sleasebag than you think your wife is!

 

****in pathetic ****!

 

According to a Thai professor I once talked to, the difference between Thais and Farangs in this respect is that Thais do not directly associate love with trust. You may very well uncontrollably fall in love, but still very much be able to choose who do you trust. The thinking that you MUST trust the one you love is a source of endless misery and conflict [in my observation].

 

Mandatory personal disclaimer: Yes, I would trust my wife with almost anything (my life, finances, etc). And No, it wasn't always so. She's "passed the test" many times over.

[scorecard]

2 hours ago, webmark said:

Don't judge me, you don't know me and you don't my wife. I will share with her 90% of what i own, i just try to find a solution to save something for my kids in the future.  

 

So now suddenly you 'adjust' your story. 

 

 

[MrY]

8 minutes ago, scorecard said:

2 hours ago, webmark said:

Don't judge me, you don't know me and you don't my wife. I will share with her 90% of what i own, i just try to find a solution to save something for my kids in the future.  

 

So now suddenly you 'adjust' your story. 

 

Nothing in his clarification contradicts his first post.

 

For example, if you were to ask how to best get to Pattaya you shouldn't need to explain yourself as to the reasons for going there, but after a couple of pages of negative assumptions you may start feeling like you need to...