QUOTE(JamesBotak @ Oct 31 2019, 01:42 PM)
Thank you for the explanation. I really appreciate it.
1. To be honest, I never knew that there is such restriction-in-interest before. This is the first time I've come across this. How do I find out if restriction-in-interest applies to this land/house? It it written it the geran or something?
What else do I need to know regarding this restriction-in-interest?
Is it normal for the approval to take about 2 months? Can't make it any faster?
2. To be honest, I've also never heard of this trust thing before. It's just that based on the family situation right now, the lawyer suggested to create this trust.
The situation is such that the father wants to buy the house for the son but the house can't be placed under the son's name. It can only be placed under the wife's name (wife of the son) but the father doesn't want the property to fall to the wife's family if anything happens to the son.
There is this famous saying ...1. To be honest, I never knew that there is such restriction-in-interest before. This is the first time I've come across this. How do I find out if restriction-in-interest applies to this land/house? It it written it the geran or something?
What else do I need to know regarding this restriction-in-interest?
Is it normal for the approval to take about 2 months? Can't make it any faster?
2. To be honest, I've also never heard of this trust thing before. It's just that based on the family situation right now, the lawyer suggested to create this trust.
The situation is such that the father wants to buy the house for the son but the house can't be placed under the son's name. It can only be placed under the wife's name (wife of the son) but the father doesn't want the property to fall to the wife's family if anything happens to the son.
Want the grandchild but not the daughter in law.
Just rent a house for them. Why all the legal complication.
Oct 31 2019, 01:52 PM

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