Help Required buying Land for my Thai wife

[Delight]

My wife's Aunt is in trouble.

She took out a loan from a Thai bank -many years ago-to be used for a business venture.

The Aunt's land(chanote) was used as collateral 

This venture failed.

The bank is going to foreclose .

All  family parties are happy that I

(1) Settle with the bank .

(2) Then Transfer the Chanote to my wife's name.

(3) Organise a   Usufruct to protect the Aunt.

I hear that it is problematic to use Farang money for this process.

Can anybody detail the potential problems and further recommend a solution -outlining any further costs that I may have to bear.

Edited February 7, 2023 by Delight

[Crossy]

You can gift the $$$ to your wife and she can do with it what she wishes.

 

You may (or may not) be asked to sign a document at the land office stating that you have no interest in the land purchase. I have never been asked but that may have something to do with the fact that Madam didn't take my name when we got hitched (she swapped back to her Thai maiden name).

 

Madam is one smart cookie (she married me of course).

 

When mum died, she sold off the family land and old wooden house, bought a similar sized parcel slightly further from the main road and built a nice steel and concrete family home on it. She still had change for the monks and party!!

 

Love her to bits!