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Posted
1 hour ago, Jenkins9039 said:

Not really.

 

Under Thai law, if you divorce your wife you / she gets 50% each.

Under Thai law - In court. The justice system here follows the law... no whims of a Thai in the court room... there's three judges for that reason.

 

Under Thai law if you use a company, it's 49% ownership opposed to 51%.

What use is 50% of a house?

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Posted
8 minutes ago, Cabradelmar said:

Cautionary take for all the foreigners who think they can get around a hard and fast rule that foreigners can't own land in Thailand. Without a proper (good) lawyer, and checking all the boxes, with one misstep, your entire estate gets through into limbo, or worse, lost/taken from you.

A house is not the same as the land it's built on.

Posted
5 minutes ago, bradiston said:

A house is not the same as the land it's built on.

They are saying it was built illegally...on either land she did not own or did not have rights to build on. It's a land issue.

Posted

She left her estate to her Thai maid, and panic has set in.

Wonder what would have happed if she'd left it to a foreign national who doesn't reside here.

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Posted
2 hours ago, Jenkins9039 said:

Not really.

 

Under Thai law, if you divorce your wife you / she gets 50% each.

Under Thai law - In court. The justice system here follows the law... no whims of a Thai in the court room... there's three judges for that reason.

 

Under Thai law if you use a company, it's 49% ownership opposed to 51%.

Not true. I divorced my Thai wife while in Thailand, appearing before a Thai judge. She got nothing, even though the car was in her name.

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Posted
3 hours ago, proton said:

This can't be true as know it all's are always telling us buying a house via the company route with Thai shareholders owning 51% is legal. Until you die it seems then the greedy rats decide it's not and want to take it away from your estate.

 

The Lawyer's Council of Thailand should round up all these lawyers who helped with registering the companies.

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Posted
3 hours ago, Chris Daley said:

Aunty Tim just ruined her families' lives forever.  Enjoy your poverty.

Nah,...this story is far from finished yet,....prepare for some long entertainment.

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Posted

Let's hope this adverse publicity doesn't deter people from investing in the Thai property market !

Talk about 'kill the goose that lays the golden egg' !  🤣🤣.

 

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Posted

Without knowing the whole story.  Were any of the company's assests left the the Thai owners?  Did she will everything to the maid?  It would seem if so the other owner(s) of the company would have claims to its assests too.

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Posted
30 minutes ago, thairookie said:

 

The Lawyer's Council of Thailand should round up all these lawyers who helped with registering the companies.

Yes, arrest those lawyers and dirty farang who buy properties in thai company and seize those properties for good measure 

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Posted
2 hours ago, Expat Tom said:

I have been here for many years. Long ago, I owned 2 condos in Thailand. Today I rent. Now, I would never invest one baht in this country.

 

When i first arrived 25 years ago, a friend said "never invest anything here you can't afford to lose". Every single transaction I make to this day, I bear his advice in mind.

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Posted
5 hours ago, worgeordie said:

Looks like "Aunty Tim" is going to end up with next to nowt , 

 

regards Worgeordie

 

A big assumption on your part, let's hope that's not true.

Posted

They best take most of the villas away in samui then , as very few of the new builds are owned by a Thai person alone I'm sure  🙄🙈

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Posted

This is a good lesson to anyone with property that has 51% Thai shareholding on it , I  wonder if she left everything to her own relation like a French person living in France would  the outcome be the same !! 

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Posted
14 minutes ago, scorecard said:

 

A big assumption on your part, let's hope that's not true.

An assumption ,yes but not so big , and I too hope it's not true  ....but .

 

regards worgeordie

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