Prenup Agreement Philippines

Marital agreements must be concluded on a voluntary basis. They should be written down. They may be sidelined because of a lack of consent, fraud, coercion, error, inappropriate influence or bad faith. To be effective against third parties, they must be notarized and registered in the civil register of creditor protection and at the local town hall. If one of you co-owns a business or real estate, the co-owner cannot be happy about the arrival of your spouse as a co-owner. Simplify things with the use of a marriage pact that delimits your spouse`s right to that business or property. One of you is a national of a country with other ownership rules. Countries have different laws regarding the ownership and disposition of real estate, especially real estate. A marital agreement can simplify the issues by defining the ownership of real estate in different countries. One of you has children from a previous relationship. Beyond marital agreements, it is good time (this valentine month) to recall that marriage is a special contract of permanent union between a man and a woman for the fundamental purpose of establishing a married and family life (Article 1, family code). The unique element of the permanence of the Union means a continuous, evolving and lifelong relationship between the parties. To this end, the parties must fully understand and accept the implications and consequences of permanent unity in marriage.

And maintaining this relationship requires parties, among others, the determination to succeed in their marriage. Indeed, marriage is not a question of money or real estate, but of cordial understanding, acceptance, collaboration and support for each other – fortunately or unfortunately, “until death, we part!” We are almost December, and in the Philippines, it is the most popular month to get married. As brides-to-be prepare for the big day, it is likely that they will look at almost all the details of the preparations and the papers associated with them to facilitate the transition to married life. If you are one of them, you may forget something important in your list: a marital agreement. Far from being sweet and romantic, it is often considered a taboo to discuss your personal financial situation with your loved one.

Comments are closed.