Buying A House

[doppa]

as we all know it's impossible to buy and own land in thailand,[ unless someone knows different] however has anyone come across a format where you set up the deal as a trust fund in the childs name, where he becomes the owner by the time he's 18, but allows the purchase of the house and land by the parents, who've obviously have consented to arrange the deal that way.

[Mapguy]

Interesting idea.

The Civil and Commercial Code may not have any provision for trusts.

I think you'll need some very sophisticated advice on this matter.

[doppa]

Interesting idea.

The Civil and Commercial Code may not have any provision for trusts.

I think you'll need some very sophisticated advice on this matter.

was told today it was possible , however the agent who quoted the idea , would wouldn't he.

i know it's not possible to buy a house in a childs name, unless the child is 18 and over, but a trust , don't know, i suspect it might be a little to complicated for the current thai lawmakers, or simply they've banned the idea altogether.

[lannarebirth]

Interesting idea.

The Civil and Commercial Code may not have any provision for trusts.

I think you'll need some very sophisticated advice on this matter.

was told today it was possible , however the agent who quoted the idea , would wouldn't he.

i know it's not possible to buy a house in a childs name, unless the child is 18 and over, but a trust , don't know, i suspect it might be a little to complicated for the current thai lawmakers, or simply they've banned the idea altogether.

It seems you have been misinformed all around. No trusts in Thailand. I am not sure if it is possible to buy in a childs name but it is certainly possible to transfer ownership to a child once bought. The child will require a guardian of the court and cannot sell before 20 years of age except with court approval. That's what a search of prior threads on this topic would have got you.