Need some advice

[charlie0225 13]

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Ok my wife goes for her interview tomorrow and we are so excited. This has been such a long and drawn out process. But hopefully she will be able to come home to me at the end of this month. We want to retire in about 8 to 10 years and move back to her province in the Philippines. I have bought some land there already, ofcourse it is in her name because I am not Filipino. So this is what I need some advice on. I was married before and when we divorced I lost everything. It was very hard to loose everything I worked for over the years and I am still rebuilding. I am scared to death of the same thing happening again. I love my wife very much and hope that nothing like that ever happens again, but I know there is no garentees in this life. Until I live in the Philippines for five years I cannot become a Filipino, and thus cannot own anything. My wife wants us to build a home on the land that we own in the Philippines, and I do to but I have no protection if something happens to us later. Does anyone have any advise for me on this topic?

[Carla V 43]

Guess that I would not built anything at all,but save the money in an account under my name only and when Im sure my wife is with me when we move back to Philippines and with me for love when we live there for at least three years start building slowly until the land and home could be under my name... not good experiences before my marriage so Im in the cautious side... Even if you adore her, you never know what could happen in a few years... wait and save money under your name only

[Hank_ 9,173]

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Ok my wife goes for her interview tomorrow and we are so excited. This has been such a long and drawn out process. But hopefully she will be able to come home to me at the end of this month. We want to retire in about 8 to 10 years and move back to her province in the Philippines. I have bought some land there already, ofcourse it is in her name because I am not Filipino. So this is what I need some advice on. I was married before and when we divorced I lost everything. It was very hard to loose everything I worked for over the years and I am still rebuilding. I am scared to death of the same thing happening again. I love my wife very much and hope that nothing like that ever happens again, but I know there is no garentees in this life. Until I live in the Philippines for five years I cannot become a Filipino, and thus cannot own anything. My wife wants us to build a home on the land that we own in the Philippines, and I do to but I have no protection if something happens to us later. Does anyone have any advise for me on this topic?

It is all about trust .... end of story. There are many of us traveling the same road as you.

[teddy k 35]

Hi, only time will tell you how much you feel about her

[Al422 221]

It is all about trust .... end of story. There are many of us traveling the same road as you.

The spouse is not the issue. It is her family should she suffer an untimely demise. That is who you need legal protection from.

Trust arrangements are easy enough here, but when one involves property that you cannot legallly own in a foreign nation, that makes it more complicated. If this really concerns you, please see a Philippines lawyer.

Edited November 11, 2014 by Al422

[Hank_ 9,173]

The spouse is not the issue. It is her family should she suffer an untimely demise. That is who you need legal protection from.

Trust arrangements are easy enough here, but when one involves property that you cannot legallly own in a foreign nation, that makes it more complicated. If this really concerns you, please see a Philippines lawyer.

Now therein the USC does have rights to ownership of the land & home from what I have read.

[Brassballs 47]

Not being pessimistic but realistic...

You loved your first wife very much (I presume) and look what happened.

You love your current wife just as much, maybe even more. Think what could happen.

USC have limited if any ownership rights in PI. Take previous advice and save for your move back to PI. Building a house won't take long and you can plan during the next years what you want it to be like.

My $0.02.

[JE57 239]

There are ways.... This link suggests a few ways involving forming coporations to hold title. It's interesting that it also warns of exactly the issue/concern you bring up:

http://www.real-estate-ph.com/title_ownership.html

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But it does sound like you'll need a lawyer if you want to retain any rights in the event you and your spouse split. Good Luck to you explaining to your wife why you want to spend money on a lawyer to protect yourself if your marriage fails! Not a discussion I'd even want to be a fly on the wall for! So perhaps the alternative is to keep the land but invest the money in the meantime in a condo.. A condo is definately something you can own in the Philippines as a foreigner!