Family Planning On Buying Rice Land...

[Spotty]

Thanks for the links gents. Good reading. I'm not alone.

At the moment my wife is wise to the family's tricks. It's easier for her to see it since we are in the UK. Once we are in LOS she gets immersed, swallowed up, and cannot see the leaching, she just feels continually obligated to "help".

So how does the following sound

Baby & I form a company. Baby is 51% shareholder.

I am baby's guardian and make decisions on her behalf and in her best interest.

Company grants me a usufruct or lease.

Hopefully this would prevent FIL trying to borrow against the chanotes (he's tried already with my wife's house - but failed - she caught him in time).

The family would continue to farm rice on the lower part of the land in return for caring for the rubber on the upper part.

My wife continues to "help" her dad from her UK wages.

Whether wife & I go to live in Isaan would not matter. Baby would inherit my shares in the company on my demise. I thinkhaving a company's name on the chanote would make things so complicated for FIL that he would give up and leach off somebody else.

I stress that this is an early draft of a plan. I would be grateful for any input and criticism that readers have.

We all face the same problem at some time or other. Good wives with parasitic families that can, if not managed well, screw everything up for everybody.

Tx

Spotty

[pigeonjake]

_{simple,, just dont leave the landpapers with them, then they cant borrow against it,,}

_{and just tell them that if they dont behave, you could allways get other to farm the rice,, tell them that,}

_{just my thoughts jake}

[patongphil]

Thanks for the links gents. Good reading. I'm not alone.

At the moment my wife is wise to the family's tricks. It's easier for her to see it since we are in the UK. Once we are in LOS she gets immersed, swallowed up, and cannot see the leaching, she just feels continually obligated to "help".

So how does the following sound

Baby & I form a company. Baby is 51% shareholder.

I am baby's guardian and make decisions on her behalf and in her best interest.

Company grants me a usufruct or lease.

Hopefully this would prevent FIL trying to borrow against the chanotes (he's tried already with my wife's house - but failed - she caught him in time).

The family would continue to farm rice on the lower part of the land in return for caring for the rubber on the upper part.

My wife continues to "help" her dad from her UK wages.

Whether wife & I go to live in Isaan would not matter. Baby would inherit my shares in the company on my demise. I thinkhaving a company's name on the chanote would make things so complicated for FIL that he would give up and leach off somebody else.

I stress that this is an early draft of a plan. I would be grateful for any input and criticism that readers have.

We all face the same problem at some time or other. Good wives with parasitic families that can, if not managed well, screw everything up for everybody.

Tx

Spotty

I really do feel sorry for you. My wife's family are salt of the earth and I could not ask for more honest people.

[pigeonjake]

my wifes mama is great,, but i wouldnt trust her father as far as i could throw him, and by god at times i would love to throw him,lol,

im afraid there not all good,

but you live and learn,

jake

[jamescollister]

Spotty, don't make things complex, if you form a company then your farm will incur 15% tax. It's a business not a peasant farm. Just put the land in the child's name and that's that. Jim

[pigeonjake]

jim you forgot to metion the set up cost of the company, agree with jim just put it in the childs name

[jamescollister]

jim you forgot to metion the set up cost of the company, agree with jim just put it in the childs name

Not just set up costs, you will be paying out every year, like any other company and to be honest don't think a child would be allowed to be a major share holder. What happens if the company breaks the law, who goes to jail the child, not likely. Jim

[pigeonjake]

bloody hell jim your right again,,,lol, go and have a look at the dairy farming thred, but take your crash helmet with you, its getting heated, i think soi41 as given in,,lol