Thread: Marriage/Death

Thought the title might catch some attention as well as how this post will be worded. Straight up though; here is the scenario. My girl and I have been together for 3 years. We will be getting married within a year. I have paid to set up two businesses for her. One is a Thai bar, built by us on leased property in a Thai market catering to Thais, and the other is a corner store in a rented shophouse catering to Thais. Both businesses are in her name and she pays taxes on the income. There is also a small rental house on leased property and a truck and 2 motorbikes, etc. In the event that she becomes physically or mentally incapacitated, or dies; what becomes of my investment in our relationship. There is much respect between her parents and myself, and I don't think her brother and sister would have any interest in the businesses. I'm 52 and don't wish to start from scratch if something were to happen, 'cause we all know, shit happens and life can deal some cruel "I don't want to think about it" blows. I already have an amulet to prevent all of this from happening...sorry, make that 2 amulets, but I am none the less interested in the outcome of this hypotheticle scenario. I have no problem with Thai laws and customs. They are what they are and I can deal with that. Just not sure what they are in this circumstance.

straight off I can think of two issues here:

1. property that is owned in the name of a business is owned by that business, through its shareholders, and not an individual.

2. as most, if not all, of the property belonged to your g/f before you were married, it would not be considered common property of the marriage - even if you had "gifted" it to her. *in the case where the property is owned in the name of your g/f, not the business*

If you don't want to be in a position where you have to start all over again:

A. don't spend more than you can afford to walk away from; or

B. see a lawyer.

~W~