Property in Marriage can become very complex. As an Australian you might be interest in retirement in Thailand or getting married while in Thailand. Either way there will always be the issue with property and how best to deal with this when in a foreign country. Thailand has a different legal system to Australia and property litigation in Thailand is not uncommon when you are getting divorced.
Do you understand Thai Prenuptial Agreements?In Australia there are a number of financial agreements which fall under the Family Law Act (“FLA”) – these are agreements before or together with marriage registration which is normally called a prenuptial agreement. There are also agreements made during marriage being a post-nuptial agreement and after separation or divorce.
What are Superficies? Once you are married in Thailand you have a number of options to protect your property investments. Many expats tend to place property into the name of their Thai wife after marriage as Thai law prohibits foreigners from owning land in their own name without millions in investment and permission from the Minister of the Interior.
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What is are Thai Usufructs? If you are married to a Thai and you are going to be buying property in Thailand. Then having a usufruct is one of the options next to a prenuptial agreement and having a superficies. Since you cannot own property in your own name in Thailand. This as foreigners are prohibited from owning land outright. Then this is one way of ensuring that you still have the right to live in the house or villa.