A lot of readers of my various blogs write to me and ask about buying a house here in the Philippines. Be careful, though. If you are no a Filipino, you cannot own property in the Philippines. This is a provision in the Constitution of the Philippines. Unless you are a Philippine Citizen, or a Former Philippine Citizen (already naturalized in another country) you cannot buy land here, PERIOD. A couple of points to consider on this, though. First, if your wife is a Citizen of the Philippines, she can own property here but it cannot ever be yours or even part yours. For example, if your wife dies, you cannot inherit the property, it will go to one of her other legal heirs (children, siblings, etc.). A second consideration… if you or you spouse are former citizens, your property ownership rights are limited to only a small parcel of land.
Another thing that you can consider if you really want to own your home is that, as a foreigner, you can own a condominium. Condominium ownership is limited to 40% of a complex, though. In other words, if there are 10 condos in a development, only 4 can be owned by foreigners with the balance of 6 only saleable to Filipinos. So, the rules really limit foreigners from owning even condos.
One reason that I write about this is that you must be very careful about this. People here selling real estate will try to sell it to you, even though it is illegal. Then, if somebody files a complaint, you will lose everything. There are ways to monkey around with the system, but it always leaves the foreigner vulnerable. For example, dummy owners will be set up, where the foreigner puts up the money and some other name is put on the title. This is dangerous, don’t do it! If the lawyer or other person who set this up wants to, they can pull the property right out from under you. There is always a strong possibility that you will end up on the short end of the stick.
For me, I prefer to just rent the house where I live. While renting, I can easily move to a new location when I want to. Heck, if a reason ever comes up where I feel that I need to leave the country, I can just pack up and go without leaving a major investment behind. While I feel comfortable about living here, in any third world country, the political system can be unstable. Over the past 20 years or so, there have been dozens of coup plots here in the Philippines. So, who knows, the day may come when living here is not attractive. So, my advice – rent a nice place, kick back and enjoy your life in the Philippines. Leave the property ownership problems to your landlord!
Bob Martin is the Publisher & Editor in Chief of the Live in the Philippines Web Magazine. Bob is an Internet Entrepreneur who is based in Davao. Bob is an American who has lived permanently in Mindanao since May 2000. Here in Mindanao, Bob has resided in General Santos City, and now in Davao City. Bob is the owner of this website and many others.
Hello Bob,
My question is that you are in Internet cafe business right? So who own your business, is it under your wife? Thank you for this website…it's full of informations
Hi Patrice – actually, no I am not in the internet cafe business. I used to be years ago, but I have not been in that business for about 5 years now. I am in a business that is US based, but I can operate from here by using the internet.
If you want to set up some kind of business that would be based here in the Philippines, yes, you would need it to be owned by your wife or some other Philippine citizen, since you would not be able to own it under Philippine law.
Glad you are enjoying the site!
Hello Bob I love all the comments here definitely learning a lot about the way it works in the Philippines concerning land ownership. The question that I do have has not been addressed and that is this if I own an American corporation here in the United States can I use that corporation to buy businesses or prerty in the Philippines and do itlegally. Just wanted to see if this was a possible avenue to take. and. I am. Am American
Hi Patrick, an American Corporation cannot own property in the Philippines, only a Philippine corporation could do that. In general, a foreigner can own up to 40% of a Philippine corporation.
Hello Bob,GREAT JOB you're doing here! I'm Joe & am married to a Filipina. We've just had a beautiful baby girl this year! I've been to the Philippines five times already & love it ! We'll be going back this coming oct. or Nov.. My wife's family is in BayBay,Leyte (Beautiful country). I've tried to arrange a long term rental there,but can't seem to find anything on the Net. I'm retired & own a very nice place here in Maine(very cold right now!). I'm interested in staying the winters in the philippines & the summers here. The best of both worlds I guess. If you know of any contacts in the Leyte area,it would be a great help ! Keep up the GREAT JOB with this site(it's the most informative i've found yet!) Looking forward to hearing from you! Happy New Year & Salamat ! Joe
Hi Joe – thanks for visiting the blog and leaving your comment. I'm glad to know that you've found the site to be useful!
Regarding rental property – don't go for anything you find on the net! When people here put properties up on the net, it is usually at about three times the price that they really expect to get. Wait until you are here, then do a little looking around for something. As a matter of fact, the best thing to do would let your wife or her family do the shopping, and don't let people know that you are involved in the deal. That will deep the price down. But, always remember that the internet is the last place to look for property in the Philippines.
Thanks for the info.,Bob ! I'll take your advice & wait till I get there. After all,I do have the time. Keep up the great work! Joe
I CAN'T STOP MYSELF PRAISING U .WHO WILL REQUIRE A BOOK OR SOME GUIDE FOR SUCH A VALUALE INFORMATION.U KNOW WHAT HAVING THIS INFORMATION IS REALLY A NEW PERSPECTIVE.I FEEL SAFE AFTER BEING AWARE OF THE REALITY.QUESTION IS NOT OF RIGHT OR WRONG .ITS JUTS IS..AS IT IS..I LIKE UR ATTITUDE AND HOENSTY OF SHARING THE BEST OF THE BEST FROM UR EXPERIENCE.ALL THE BEST BOB AND UR WIFE..SPECIALLY NOW TO UR WIFE FOR EING UR STRENGTH AS INSPIRATION FROM SUCH A LONG TIME..LOVE U BOTH AS WELL AS UR LIL KIDS..THNX
Hi Bob.
A foreigner can not own a piece of land in phils. how about apartments or condos?
Hi Damian – yes, a foreigner can own a condo unit. There are, however, still laws that must be followed. One that I am aware of is that no condo building can consist of more than 40% foreign ownership. For example, if there are 10 units in the building (all of equal size), only 4 can be owned by foreigners.
If your a foreigner and is not married to a local, you will not be able to get a bank loan from a local bank, you will need to pay cash for the Condo.
I would fully agree with you on that, Dave.
No…Banks now are open to Foreigners lending money for the balance of Condominiums up to 60-70% payable in 5 years max
Bob,
I truly appreciate your advice. I have read your blog very carefuly. If I only knew it about your website before. It took a lot of time, few visits in philippines and a lot of observation and internet research to get an idea about life in philippines and i can nothing but completely agree with you in all aspects. will come back anytime i need advice. your website is a great resource. it goes way beyond lonelyplanet.
thank you.
Hi Damian – Thank you for your compliments! I would be happy to assist you anytime, if you have some questions. Just e-mail me or leave a comment any time.
Hi Bob
Love your site, lots of great info, I clicked all your ads.
We're going to retire there in a couple of years.
My wife is a balikbayan who now holds a canadian passport.
You said we are limited to only a small parcel of land
do you know actual size limits
I was hoping to buy a hectacre
Thanks
Hi Alan – If your wife is a former citizen of the Philippines, I believe that you can indeed buy 1 hectare of rural land. If you buy land in the city, I believe that the legal limit for you would be around 250 square meters. It might be a little more than that, I don't recall exactly. But, it is far less than a hectare.
Your best bet would be for your wife to claim her dual citizenship when she returns to the Philippines. Once she has that, you can purchase as much land as you want, and she will retain her Canadian citizenship too.
Hi Bob
If my wife gets her dual citizenship we can buy as much land as we want, but then she has to pay taxes in two countries, correct?
Hi Alan – not necessarily. Does she work in Canada? If she works in Canada, she may have to pay Philippine taxes. I don't know Canadian tax law, but in the USA, the taxes that she pays in the Philippines would be deductible anyway, so while she would pay to two different countries, the amount of taxes would be the same amount.
Hi Bob,
Per info circulated by the Phil. Consulate in NY, someone holding dual citizenship (US & Phil) will pay US taxes only for income earned in the States. Only income earned in the Philippines, if any, will be paid to the Phil. gov't. I'm not sure, though, if he/she has to pay US taxes for income earned in the Philippines.
Hi Tina – Sorry, but I believe that the information that the Consulate gave is really incorrect. The United States and the Philippines are actually two of the only governments in the world that tax their citizens on worldwide earnings. For example, US Citizens are responsible to pay US Taxes on income earned in the USA, in the Philippines, or on the Moon – Anywhere! Same for the Philippines too, unfortunately.
Hi Bob
When we retire from canada she wants to start her own small business in the philippines which she will pay taxes to the philippine government, I wondered when her canadian pension kicks in if she would have to pay tax to PI on that income? Since it's already taxed in canada, that would be twice..
Hi Alan – it would be my understanding that she would not be taxed on foreign derived income.
Hi Bob. I am a Filipina and was thinking of entering a small business with a fellow Filipino friend. I was wondering if you knew whether it's possible for a foreigner to also invest in this small business (my partner is British and currently finishing his studies in the UK though would like to move here afterwards). Incidentally, would you also know about the mechanics involved with respect to a foreigner moving to the Philippines (i.e. legal requirements, visas, etc)?
Thank you for your help!
Hi Alex – Your foreigner friend could own as much as 40% of the business, not more though. Moving here would not be an easy thing to do if he is not married to a Filipina. If he is married to a Filipina, no problems! If he is not, his best bet would be to just come on a tourist visa and renew every 2 months, then at the end of a year leave and come back. For a full run down on visas and such, just click on the category "Visas" on the right side bar, near the top of this page.
hi BOB! my boyfriend is a US ciitizen and is planning to move and live in the Phils. Does he need to file any legal papers to live here?
Hi Tin-tin. I hope you don't mind my input. I'm a Filipino-American living in the Philippines. My wife is a Filipino citizen. In the states, I'm her sponsor. That's why she's able to get her immigrant status. It works the same way in the Philippines. I received my ACR (Alien Registration Certificate) because she sponsored me. I can own properties here as long as I'm married to her. And like Bob said, I never have to worry about her leaving me and dissolving our marriage.
As far as buying properties, my suggestion is do the shopping yourself. Don't put too much confidence on real estate companies that sells property in the Philippines to U.S. citizens, from thousands of miles away. You run the risk of being disappointed. Fly over her and do the shopping yourself after you gain the legal rights to live and own property here. Till next time….
Hi tin-tin, as your boyfriend, he does not qualify for anything but a tourist visa, I'm afraid. He can come on a tourist visa and renew every 2 months, but must also leave the country once per year. If you were to marry, he could then apply for a 13(a) visa and reside her permanently.
Bob,
I saved this thread and will take your advice, rent. Everything is becoming more clear, I will probably end up in Cebu. Thanks for the advice.
John
You’re welcome John. Good luck.
I was born in Cebu city:)
Hi Bob,
I would like to know why every foreigner the first thing that comes out of their mouth when I or anyone say’s I’m looking for property in the Philippines is (Foreigners Can Not Own Property In The Philippines)??? I’m guessing they just don”t trust the Filipina they have married. I dont care if i own it or not because it will eventually go to our children. I don’t think they make caskets big enough for me to take my house and property with me so i can leave my wife and children with nothing. I often wonder about foreigners who state this immediately (what was their true intentions when marrying their Filipina??) I want to make sure my wife and children own or have as much as i can possibly leave them.
That’s great TLaff, I think that taking care of your family is a good move.
Bob
Sweet article and it couldn’t have come at a better time, 64 and a “Wake Up”
Ha ha.. it’s an old article, Neal, but I’m glad that you found it helpful! 😉 See you soon!
I am proud of myself, Bob. i have done my research well over the past few years. Nothing in your article came as a shock to me. i was already aware of these things. I did not know,however, that filipinos returning to their home country are limited to the amount of land they can buy. it doesnt apply to me though. good informative article.
Hi Donna – Glad you enjoyed the article. Returning Philippine Citizens have no limitations on land ownership, but if the Filipino has relinquished his citizenship to the Philippines, then he is limited to owning only up to 1,000 sq. meters in the Philippines. Of course, he can always apply for Philippine Dual Citizenship in order to eliminate that limit!
Dear Bob
Found your site to be quite informative. Had a query for Bulacan area Malolos to be precise, just in case you have any information on that.
I have already visitied Malolos a number of times and have seen a property in Camella Provence which is near malolos crossing on Mcarthur highway. Its house and lot of 110 Sq meter lot and floor area is 81 Sq meter, the price is around 3 M.
The query is :
Is the price reasonable ?
Would it be a good buy considering the value appreciation?
Any thing i need to check before parting with money ?
Do you suggest i get a lawyer to look into the deal or Camella is reputed and trust worthy
Regards
Karan
Hi Karan – I have no specific knowledge about Camela, although I have heard of them.
1. Is the price reasonable? Could not answer that without seeing it and looking it over. It is a personal thing, whether you think there is value there. Look around the area and see if other similar homes are a better value or not.
2. I would not be looking at a home purchase in the Philippines as an investment. Consider it a place to live, and not something you will make money off of.
3. Yeah, check everything, as you should with any item that you spend that kind of money on. Particularly check that the title is clean.
4. Absolutely, you need a lawyer to review the transaction.
Hello Bob,
I have a question. my wife own a property in the philippines and she is getting to file her us citzenship and there after she will be applying for dual of philippines and our question is that if she owns that house in the philippines. do we have to pay property taxes on that home that the usa will tax us here. its our second home for vacation ect. it’s 100 sq meters.
Yes, you must pay property taxes in the Philippines. The USA cannot tax that home, as it is not in the USA.
Bob…love your site and have learned a lot of things I did not know or considered. My wife and I have been having fun dreaming and planning about making the move to the Philippines when I retire. Mindanao, is when we’ll be heading.
We’ve been searching the internet for homes. And you are absolutely right. All of those homes we see listed are astronomical in cost and I was thinking, there’s no way that home should be worth anywhere close to what we’re seeing. And it wasn’t just a home here a home there being out of sight price wise, it was all of them.
My wife kept telling me…Tom, we can build a nice home for a lot less money to what we’re seeing here. She also echoed what you said for me to stay out of the picture and let her and her family do the wheeling and dealing. She said as soon as they see me they see American…rich…money.
One of our plans is not to stand out. A nice home, but we don’t want to look like we’re wealthy. I don’t want to become a target.
Bob….I’ll end it here but I have a lot more questions I’d like to pick your brain with. When we make the move I’d like to have jumped over as many hurdles as possible and make the transition as smooth and trouble free as possible.
Later, bro.
Tom
Thanks for your kind words, Tom, I am glad you found this article and my site to be helpful. There are a few pitfalls when you move to the Philippines, but they can be avoided, and you can have a happy life here. I know, because I am quite happy here.
My biggest recommendation in the way of homes, it to rent here for the first few years. If you purchase you are tied down, same if you build. If you rent, you have a lot more flexibility. In 2 or 3 years after moving you will have a lot more understanding about what it is like to live here, and that is when you are better able to purchase a home.
Good luck.
Excellent Site
Thank you Martin. Glad you like the site.
I 100% agree with you Bob. Even me as a Filipino woman, I am a little bit cautious about buying a property in the Philippines because;
1. I don’t trust the government there, they are corrupt!
2. I don’t want to pay tax every year and some other documents & requirements to build a house ( I prefer to build a simple timber house) they will charge you ridiculous amount of money( I’m sure the tax payers’ money will go to the lazy asses government workers!)
3. Most of the carpenters and builders they don’t follow simple instructions! Poor design! The plumbers they don’t know what they’re doing etc.
4. Most Filipino people specially women when they had the money they would build a big modern luxurious house because they want to show case their financial status in society!
WARNING: To all the foreigners out there who are married to a Filipina woman be careful in buying a house/property in the Philippines. By the time your wife will decide to leave you. It’s YOUR lost! You CAN’T own the property that you worked hard for….(My English Father in-law got killed in the Philippines 20 years ago, he owned a beautiful beach resort in the Philippines. His wife filipina wife had an affair with one of their filipino gardeners and she got pregnant. He decided to divorce her, and because he was a very clever and smart person, his wife killed her so that she can get 100% share of the resort(she wants the whole cake, not just a slice) her father was a police officer at that time. I have a feeling that she hired someone to kill him or probably her father did.
-NOT all Filipina women are like that but they are some.
Hi bob great and interesting website especially info on land and property ownership- I’m British married to Filipino in Dubai and applying for c13 visa believing we could jointly own property hmm now reconsidering what to do – I do believe I can own 40% or 50% of a business so could the business own the property?
Hello Bruce – Yes, it is possible to set it up where a business owns the property, and you can own a minority share of the business, but never a majority of it.
Hello Sir,
I am Filipina divorced to Japanese national wants to sell my house and lot in the Philippines. I am just wondering if I still need to ask a waiver of right from my ex in order to sell the property?
The name on the title is example “Maria Tamaguchi, Filipino, of legal age, married to Taka Tamaguchi, Japanese”
Thank you,
Maria
I am not an attorney, but since your ex cannot legally own property in the Philippines I see no reason why he would need to sign anything.
well about owning land in the philippiness many canadians own land there , so why do you say you can not if they can and none are married to philippnes women .
Hi ron – People can do lots of illegal things. It is not legal for a foreigner to buy land or own land in the Philippines. The constitution says that. Sorry, but no foreigner can legally own LAND in the Philippines.
Take care.
I’m defi I do have one question is it possible to create an American corporation here in Americ that will give an American the ability to buy lan or create business is over there in the Philippine. than thank you
Bob I got married this year 2013 to a Pilipina In manila I’m moving to manila 2014 I’m retire, we want to buy a house my question If one of as die will the other keep legal position of the house If I’m the one to be a live will I keep the house also I will get my legal visa at Inmigration dept. the cost 20.000 pesos however you said 13-a can be obtain I’m thinking wish will be a better choice. Thank You for your advice
Unfortunately, since you are not a Philippine citizen, you will have to sell the house in that event.
Hello Bob,
I am a former Pilipino citizen, and got my US citizenship about 7yrs ago. I bought a house and lot in my province, but it was not a big property. My question to you. :
Is there a specific limit oh how big the land can I buy?
And both me and my husband name is on it.
I would love to hear from you when you get a chance.
Thank you very much for your time.
Hello Maricar – Since you are a former Philippine citizen, you may own up to 1 Hectare of land out in the Province, or you can own up to 1,000 Sq. Meters in the City. Not both, one or the other.
If your husband is a Philippine Citizen, since his name is on the title, no problem he is a joint owner. If he is not a citizen of the Philippines (you did not state his citizenship), then he does not own the property at all, even if his name is on the title. Foreigners cannot legally own property in the Philippines.
Why not just become a dual citizen, then you can own as much property as you choose?
Thank you so much for taking your time to read my message. I just read this message tonight, very busy lately. Yes my husband is a US Citizen. Yes I’m thinking about getting Dual Citizenship. It’s so nice of you that you help a lot of people. I do appreciate it a lot. God Bless you and your Family.
Maricar
You are most welcome, Maricar. Good luck to you.
Hi Bob!
Got a question, my Filipina Friend is now divorced to her Dutch husband and she wants to sell the condo she purchased when they were still married. In the title, it says “Mila dela Cruz married to Thomas Rooks”, does she needs her ex husbands signature in the Deed of Sale to dispose the condo? Your immediate reply will be highly appreciated.
Thank you.
Miguel
Hi Miguel – I am not an attorney, so I am not legally qualified to answer your question. In my lay opinion, I don’t think that he needs to sign or be notified or anything, because legally cannot have any ownership of the property. But, that is only my opinion as a “regular guy”. I note that you are in the Philippines, and I believe you are Filipino. I would strongly advise your or your friend to contact a local attorney to get a qualified answer.
Correction to the 40% rule on condominium ownership: whereas it is true in the Philippine constitutional laws that a foreigner may own a condominium outright. It is worded that a foreigner cannot own more than 40% of a condominium complex. Meaning that he alone cannot purchase more than 40% interest in such complex. This has nothing to do with a group of foreigners that do not know each other or are not formed as a corporation. There are numerous condominium complexes that are nearly completely foreign owned units in the complex throughout Manila metro. Because they are owned individually.
I am sorry, Karl, but you are incorrect. Only 40 percent if the entire complex can be foreign owned.
Bob, I really appreciate your enthusiasm in answering all kinds of questions.
Though I am not yet married to a Filipina, my Filipina gf has been insisting that I should build a house in Philippines. After watching these discussions. I feel, it would be a foolish act on my part if I invest my hard earned money in buying a house in Philippines.
If I get divorced and leave Philippines, my wife and her family would be enjoying the property as a free gift. And some greedy relatives of my wife can even kill me to get the property entirely in their control!
I fully agree with you… you would be foolish to do it.
If you had a girlfriend in the USA, would you buy her a house?
Keep your money in your pocket.
And if she is a good woman and you don’t get divorced, you and her will enjoy a vacation home in the Philippines.
Sad that you have (or going to have if you marry her) such frightening in-laws. The mere thought that she would have that type of family members would be a big reason why I would not marry her if it was me.
I have been married to a wonderful Filipina for 20 years and have two homes in the Philippines. Her family members are hard working professionals. They do more to contribute than most Pinoy.
Bob,
I’ve just started to get into your articles because it’s obvious you are well informed and a mine of good info for people just like me. My Filipina wife and I work in Dubai and I’m looking to retire to the PI in maybe 2 years or so, I’m around the 60 mark (and Brit, FWIW).
We are just about to take over a (paid for) one-bed condo unit in Manila, partly as a daily-let / investment, and as a cheap base in the city when we visit. I’m saving like crazy here, with a view to buying a retirement place proper in Ilo Ilo, where my wife could find work, and I’d have the opportunity to teach English to (mainly) Korean students, for a bit of spare cash – my retirement income will be ok, but relatively modest, perhaps a bit over 2000 US per month. I’d be leaving Dubai/UK with maybe 100,000 US in the bank.
Regarding the pitfalls of house ownership, I’m not bothered because my wife and her family are cast iron upright people who I adore, and they would never shaft me.
The question is then, from your experience (and others), would I be better off taking a big chunk of my pension pot and getting a small house / condo and living rent-free, modestly – or sitting on my cash and renting? I guess the attraction of renting is that if Ilo Ilo doesn’t work out then we have got the flexibility to easily move on to somewhere in the PI.
If anyone else has an input on living in Ilo Ilo I’d love to hear it. We visited earlier this year and it impressed me – but we were only there for a week. My wife likes the place and has no qualms about it. She’s from Boracay and thinks I’d find it far too quiet and rural there, but Ilo Ilo is a nice mid-sized city.
Thanks again Bob, and all the other contributors, I’ll be watching this site closely from now on.
Roy
Hi Roy – Nice to meet you, and thank you for stopping by my site!
The rent vs buy issue is one that has a LOT of opinions, and all I can do is give my own. 🙂 I am firmlyl on the rent side. I have lived here for nearly 16 years now and I am still renting. I am starting to think about buying a house, but I feel that after being here for so long, it is a better move to make now than before. Reason? It is not about your wife or Filipino in-laws ripping you off.. it is for two other reasons:
1. A large percentage of foreigners who move here end up leaving in 3 to 5 years because they can’t make the adjustments necessary to live here happily. When I say a large percentage, that would be higher than 50%. So, it is a significant number.
2. Rent here is very cheap compared to buying. I mean, if you look at the price of renting, buying does not make a lot of economic sense.
That said, buying a house is a lot more than an economic decision, it is also a lifestyle and personal taste issue, so I can understand why you would want to make such a purchase. My advice, though, would be to rent for a few years before making a final decision.
Good luck!
Thanks for the swift reply Bob, and two succinct answers that make good sense. My wife is visiting the PI in December for a high school reunion, and whilst there she is going to check out newish property developments in Ilo Ilo, for sale. As she’s going to have boots on the ground, so to speak, I’ll ask her to check out rentals (because, as you have mentioned before, the internet is probably not the ideal medium).
Thanks again for your superb attention, and the web site.
Roy
hi bob im a british and i just want to ask you i just want to know… If I become a retired citizen. Can I own and register property in my name without getting married ?
No. Owning land is reserved for Natural Born Philippines citizens. Naturalized citizens are not eligible to own land.
Hi, Bob i am an american citizen and i have a girlfriend who is a Philippines citizen, she brought up the idea of me purchasing a house for her in the Philippines. I do plan on moving to the Philippines eventually but for the time being, Can I purchase a house under her name, while i live in the US and send her money to pay the rent?
Sure, you can give her the money and she will purchase it. Remember, she owns it, not you. You have no right to it at all. You have no rights to the money the house is worth, it is hers and hers only.
If I were you, I would not walk away from this deal. I would run.
Bob,juzt moved 2 pp,s.i bought a townhouse in my girlfriends name 2 months ago.we plan 2 get married in 2 months time,can she sign the townhouse over 2 me when married.also will i have a problem getting a permanent residence visa?thanks vincent
Hi Vincent. If the townhouse is legally part of a condominium complex, you can have it put in your name if she wants to do so.
Once you are married there should be no problem getting a resident visa.
Hi Bob
Thanks for sharing such great advise through your website.
I am European with a Filipino girlfriend, and as a future plan I’ve started to think that if we get married we could set up our business consisting in buying and managing a hotel/resort in the Philippines. According to what I could read through your comments:
1. I better not look for properties online since prices are probably significantly bumped up. Better go there and do deep research and ideally letting my future wife handle the deal.
2. As I understand, by Filipino law my future wife will need to be the owner of our properties. Now, I do trust her, but I am aware that anything can happen in the future and in case of divorce, I need to protect myself from going broke and leaving everything to my wife and her family. Perhaps signing a prenup agreement, stating something like “should we divorce we will sell the properties and split the money” (defining which amount) will be safe enough for both of us?
I would very much appreciate your feedback on this.
Thanks again and keep up the great work!
Cheers – AJ
Hi AJ,
To be honest, I have been married for 28 years and have never even considered divorce. So, this is not something I have ever looked into. Perhaps somebody else here will chime in with advice, but I don’t feel I can offer you any advice of value. Good luck to you.