Property purchase for son

[davemacca]

I wish to purchase a property in Burirum Thailand in my 2 year old sons name and have my girlfriend's mother's name as gaurdian , then my girlfriend as gaurdian , is this possible? and is it possible for the gaurdian to use the property as security for a bank loan and default on the loan so the bank takes ownership also i wish to place a will for my son if he dies have the property sold and i receive the sale?
this seems the logical thing to do as a foriener as you never really own the land
Any advice is welcome:stupid:

 

[Dave_Velasco]

It depends on the surrounding law of the place or property you are planning to purchase.There are certain conditions of course, and I think what you can best do is to first ask the locals about it.

 

[CNX_Bruce]

I wish to purchase a property in Burirum Thailand in my 2 year old sons name and have my girlfriend's mother's name as gaurdian , then my girlfriend as gaurdian , is this possible? and is it possible for the gaurdian to use the property as security for a bank loan and default on the loan so the bank takes ownership also i wish to place a will for my son if he dies have the property sold and i receive the sale?

Yes a minor can own land in Thailand - there are pros and cons to this approach based on your specific personal circumstances - you need to research this carefully

A minor under 15yo cannot make a Will in Thailand and you cannot make one for him/her

Legally speaking, no, the guardian cannot sell or encumber the land with a loan. but I would suggest locking the title deed in a bank vault as an added precaution