The assets owners
While you are
living
You shouldn’t
transfer it all
To your children or
close relatives
You can will it
Without telling
them a reason
You can stay quiet
Let your lawyers do
the talking
There are cases of
poor judgement
Once they
transferred the assets
The former owners
become homeless
The former owners
become poor
A case in Thailand
The father bought a
land built a house
All under in his
young son’s name
When the son grew
up, he wanted his property
It resulted in a
legal dispute in court
The father lost his
case
It is registered
under his son’s name
The court awarded
his son the sole right
The son kicked out
his own father!
The father paid for
the land and house
He showed his documentary
receipts
Yet the judge didn’t
accept his arguments
His son is the sole
rightful owner of the land
Similarly, it can
happen here
So, the assets
owners think hard on it
Once you transfer
it all to your children
You have no sole right
at all
Write it in a will
You don’t have to
tell anybody
Let your lawyer
handle it
When the time you
leave the stage
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