Buying Land in the Philippines - Protecting the US Citizens Interest

[Talako 781]

14 minutes ago, flicks1998 said:

Do you know of a case where that has happened though? I know of no one, every one I know lost everything they had in the Philippines, whether a USC or not.  

I'm agreeing with you.  They lose everything in the Philippines.  I never said otherwise.

 

I'm just saying that they can be compensated for their loss through marital asset division in the US.

[Joe Kano 327]

13 hours ago, flicks1998 said:

Do you know of a case where that has happened though? I know of no one, every one I know lost everything they had in the Philippines, whether a USC or not.  

I do, Kinda.

 

My relative has signed a Pre Nup and Post Nup and has had the Post Nup redone a couple of times as of today.  He has been married for 20 plus years.  They built a house in Philippine long time ago back when it was cheap to do for his mother in law.   When the moved over there the mother in law died  few months later, so they live in house alone with a niece they adopted and putting her thru nursing school.  

 

Now they are wanting to build a more western house, bigger,  bigger bedrooms, many more electrical outlets, etc.  He purchased one hectare last of raw land for 3.5 million peso and is going to build a house.  He said the hollow block fence and driveway will be around 1.5 million and I am guessing he is looking at 5 to 8 million peso for the house build. 

 

They have 20 year age difference and to date she has never up and left him, I always figured the Pre/post nup kinda took the incentive away from here.  But I am just an outsider looking in, and she is a very good person in general. I trust her with my limited assets over there, and my mother co sponsored her at the US Embassy over 20 years ago on her K1 Visa. 

 

 

[flicks1998 1,044]

On 4/24/2021 at 6:24 PM, Talako said:

I'm agreeing with you.  They lose everything in the Philippines.  I never said otherwise.

 

I'm just saying that they can be compensated for their loss through marital asset division in the US.

OK got it.  Makes sense.