Transferring land to my childs name. Anyone done this?

[advancebooking]

We are thinking of transferring some land to my childs name who is 9 yrs old. 

 

Do we have to specify a sale amount at the land office? Or not necessary bc its family?

 

Does my kid have to attend?

 

I understand that the asset cannot be sold until he is 20 yrs old

 

At the land office will they ask to nominate a guardian or something like that? Can it be a farang?

 

Interested to hear from anyone who has done this

thanks

[JBChiangRai]

I haven’t done this, I took a different route and created a company that my daughter owned 99.997% of.

 

But I understand that it is possible, at the Land office’s discretion, and there is no recourse if they decide not to do it.

 

If you do do it, you have to basically consider the land completely locked up until the child is 20 years old, to do anything before the child is 20 you have to get a court order and generally they do not give them

[advancebooking]

1 minute ago, JBChiangRai said:

and there is no recourse if they decide not to do it.

have you heard that they can refuse to do it?

[JBChiangRai]

40 minutes ago, advancebooking said:

have you heard that they can refuse to do it?

Yes, it depends on the land office, some allow it, some don’t.

 

To be safe, you should go along with a lawyer, and you might have a chance.

[CharlieH]

MOVED to Real Estate