Update: We met with our lawyer. Wills for both my wife and I. My wife will have a trust and I (trustee) shall have the right to sell or stay the rest of my life if my wife passes. Our Thai heir (my wife's wonderful cousin) will get the house when we both pass. A document and video will be made omitting all other family rights to the property. Usufruct agreement will be done at the Land Office. --- Many thanks to everyone who shared their knowledge and experience. You helped me come into the meeting with solid notes and questions.
My wife (Thai) and I (American) are buying a house in Bangkok. Apparently, an annotation on the back of the deed will allow me to reside in the house and own the financial investment if my wife precedes me in death.
Anyone done this?
We are meeting with a lawyer soon to sort out the details, as well as have a will made.
Thanks.
TLDR : Answer Summary
An American expat and his Thai wife are navigating the complexities of buying a house in Bangkok. They discuss the legal arrangements necessary to ensure the American spouse can reside in the home and manage the investment in the event of the wife's passing. Key legal terms mentioned include usufruct, which allows the foreign spouse to live in the property without owning the land, and the importance of wills and trusts to protect their interests. Various commenters share their experiences and legal strategies, emphasizing the necessity of consulting with a lawyer to navigate Thai property laws.