bows00 Posted February 4, 2015 Posted February 4, 2015 Since it is illegal to divorce in the Philippines, is it unnecessary to arrange a prenuptial to protect your accumulated wealth? Or is your wealth automatically split 50/50 between you and your wife at marriage? I am afraid I will not like the answers posted here... I worked too hard all my life to give it all up now... Link to comment Share on other sites More sharing options...
Thomas Posted February 4, 2015 Posted February 4, 2015 Well. There are more countries than the Philippines. You can marry and divorce in other country even if you marru a Filipina. ONE serious sourse published saying prenup is "automatic" in Phils, but I don't know what that mean, because of the reason you wrote. A Filipino website where mainly law STUDENTS answer law questions for free, they said in a separation the MAN could decide over the BUSINESS, because it was in his name. But I SUPPOUSE the value of such is included if/when spliting assets. 1 Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted February 5, 2015 Forum Support Posted February 5, 2015 Thomas is correct. As an American citizen you can divorce your wife. It would be wise locating major assets outside Philippines for a number of good reasons including your question. Link to comment Share on other sites More sharing options...
Forum Support scott h Posted February 5, 2015 Forum Support Posted February 5, 2015 for a number of good reasons Like life expectancy lololol 2 Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 5, 2015 Posted February 5, 2015 Not too sure a Pre-Nup would stand up in court here, even on Annulments. ( Which Bows is the Philippine equivalent of Divorce). They work very much on the Dependency issues ie Shared Things, Of course the land will always be hers, Every Filipino I have met has always had a 50/50 thrown at them on Separation But................... think about the Vows we make, take this one out and I doubt she would have married you. AND WITH ALL MY WORLDLY GOODS, I THEE ENDOW . Morning All. JP :tiphat: :morning1: 2 Link to comment Share on other sites More sharing options...
sonjack2847 Posted February 5, 2015 Posted February 5, 2015 A friend of mine said to me many years ago, Whatever you bring into this country you aint taking it back out. Which I think is a very accurate and true statement. I will always leave enough outside of the phills to start again for a few years if the need arose.Morning Jack is our favourite sari store open yet? 3 Link to comment Share on other sites More sharing options...
Jack Peterson Posted February 5, 2015 Posted February 5, 2015 Morning Jack is our favourite sari store open yet? :mocking: Yup! on me way down in a while. :rolleyes: + = Good Mood. :unsure: Ooooooooooooops sorry Bosses and All, just a slight Digression here with me Mate. :thumbsup: JP :tiphat: 2 Link to comment Share on other sites More sharing options...
Hey Steve Posted February 5, 2015 Posted February 5, 2015 A friend of mine said to me many years ago, Whatever you bring into this country you aint taking it back out. Which I think is a very accurate and true statement. I will always leave enough outside of the phills to start again for a few years if the need arose.Morning Jack is our favourite sari store open yet? Oh I absolutely agree sonjack2847. Funnel money in at the most quarterly as needed by whichever means works best would be the best approach IMHO. 2 Link to comment Share on other sites More sharing options...
ironmaiden Posted February 5, 2015 Posted February 5, 2015 When you are married then everything you 2 have is automatically 50/50 upon divorce. Unless you have a prenup, but if you buy a house then the land is of course for her, if the house is in your name then that can be yours...It might thus not be much different from the 50/50 situation... Link to comment Share on other sites More sharing options...
Curley Posted February 5, 2015 Posted February 5, 2015 Perhaps look at it a different way if you're afraid to lose your hard earned nest egg. Why do you want to get married? SHE wants it? What would she do if you refused nicely? She would have the choice of trying to find another "rich" foreigner or accepting the life you offer without any strings....... just a thought...... 2 Link to comment Share on other sites More sharing options...
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