Me and My Family
May 15th 2018 | 1:44 pm
#1501
`
Joined: Oct 2003
Posts: 38,634
Re: Me and My Family
It's simple really. It is what a community as a whole feels right and comfortable with. This community discourages people from posting up their private personal details .
It is not against the site rules to post up your own personal information but it is unwise. Sometimes a person may post up too much personal info and then wish that removed. The mod team will help with that best they can because BE is about caring.
We also have a site rule which you may have read.
HTH
It is not against the site rules to post up your own personal information but it is unwise. Sometimes a person may post up too much personal info and then wish that removed. The mod team will help with that best they can because BE is about caring.
We also have a site rule which you may have read.
5. Personal Information
Think before you post or speak: Do you really want to put your address or telephone number on a public discussion forum? We encourage you to keep personal information private. Similarly, do not ask for personal information from others. Anyone posting another members personal details without permission will have their posting privileges removed.
Think before you post or speak: Do you really want to put your address or telephone number on a public discussion forum? We encourage you to keep personal information private. Similarly, do not ask for personal information from others. Anyone posting another members personal details without permission will have their posting privileges removed.
May 15th 2018 | 2:55 pm
#1502
SUPER MODERATOR
Joined: Dec 2005
Posts: 89,087
Re: Me and My Family
May 15th 2018 | 5:09 pm
#1503
Forum Regular
Joined: May 2016
Posts: 260
From: Davao
Re: Me and My Family
By your own acknowledgement, she will get the house that you are going to buy, knowing that you will never own it.
May 15th 2018 | 8:31 pm
#1504
Thread Starter
BE Forum Addict
Joined: Jun 2014
Posts: 1,893
From: Philippines
Re: Me and My Family
David M,
Correct. A foreigner cannot own property in the Phils unless he has built it. Condo's have separate rules but not applicable in my case. I am not buying a condo.
Regards
Correct. A foreigner cannot own property in the Phils unless he has built it. Condo's have separate rules but not applicable in my case. I am not buying a condo.
Regards
May 15th 2018 | 9:33 pm
#1505
Lost in BE Cyberspace
Joined: Jul 2009
Posts: 15,887
From: Disneyland, Dubai
Re: Me and My Family
So does the house purchase come before or after the marriage (i assume after) and how does this affect the leverage of the will in making her behave?
May 15th 2018 | 11:34 pm
#1507
Forum Regular
Joined: May 2016
Posts: 260
From: Davao
May 15th 2018 | 11:45 pm
#1508
BE Forum Addict
Joined: Nov 2012
Posts: 1,200
From: Suffolk UK
Re: Me and My Family
Where this all falls down is when you try and recover your money, unless your partner has the funds you can't get blood from a stone so even if awarded by the courts you would possible get the judgement but not the money that is not there.
May 16th 2018 | 12:00 am
#1509
Forum Regular
Joined: May 2016
Posts: 260
From: Davao
Re: Me and My Family
Yes agreed. In my own case, my concern is not to safeguard my investment should the marriage fail, more for security of tenure should the worse happen and something should happen to my wife and she passed before me. Extremely unlikely, considering the age difference, but accidents do happen.
May 16th 2018 | 12:39 am
#1510
BE Forum Addict
Joined: Nov 2012
Posts: 1,200
From: Suffolk UK
Re: Me and My Family
Yes agreed. In my own case, my concern is not to safeguard my investment should the marriage fail, more for security of tenure should the worse happen and something should happen to my wife and she passed before me. Extremely unlikely, considering the age difference, but accidents do happen.
May 16th 2018 | 12:43 am
#1511
Thread Starter
BE Forum Addict
Joined: Jun 2014
Posts: 1,893
From: Philippines
Re: Me and My Family
House purchase:
I have documented this all before, but for those who have made comments here have either not read or forgot what I wrote, I shall try to explain again.
An attempt for house purchase will be made after marriage. Now, I have been informed that for me to get a loan to finance a project, an income from my pensions is not accepted by any lending banks I have approached. However, my lovely ladies income would be acceptable. Her income would comprise of profits made from her business....and what I pay her for whatever job as appropriate. Because she has no documented accounts (yet), a bank account that has been dormant for a couple of years, I seriously doubt that a bank will loan her the amount required. Now, if some miracle occurs and she obtains a loan....in her name....from her bank account....and the marriage hits the rocks, I will not "employ" her and she will lose a significant amount of income. She would not be able to afford the repayments.
Why should I build a home....so I can own it? Firstly, I do not have the income nor capital to finance such a project. Secondly, at my age.....I just cannot be asked.
Regards
I have documented this all before, but for those who have made comments here have either not read or forgot what I wrote, I shall try to explain again.
An attempt for house purchase will be made after marriage. Now, I have been informed that for me to get a loan to finance a project, an income from my pensions is not accepted by any lending banks I have approached. However, my lovely ladies income would be acceptable. Her income would comprise of profits made from her business....and what I pay her for whatever job as appropriate. Because she has no documented accounts (yet), a bank account that has been dormant for a couple of years, I seriously doubt that a bank will loan her the amount required. Now, if some miracle occurs and she obtains a loan....in her name....from her bank account....and the marriage hits the rocks, I will not "employ" her and she will lose a significant amount of income. She would not be able to afford the repayments.
Why should I build a home....so I can own it? Firstly, I do not have the income nor capital to finance such a project. Secondly, at my age.....I just cannot be asked.
Regards
Last edited by Philosophical 11; May 16th 2018 at 1:04 am.
May 16th 2018 | 1:04 am
#1512
BE Forum Addict
Joined: Feb 2014
Posts: 1,646
From: Capiz
Re: Me and My Family
House purchase:
I have documented this all before, but for those who have made comments here have either not read or forgot what I wrote. But I understand that. For those, I shall try to explain again.
An attempt for house purchase will be made after marriage. Now, I have been informed that for me to get a loan to finance a project, an income from my pensions is not accepted by any lending banks I have approached. However, my lovely ladies income would be acceptable. Her income would comprise of profits made from her business....and what I pay her for whatever job as appropriate. Because she has no documented accounts (yet), a bank account that has been dormant for a couple of years, I seriously doubt that a bank will loan her the amount required. Now, if some miracle occurs and she obtains a loan....in her name....from her bank account....and the marriage hits the rocks, I will not "employ" her and she has a significant amount of income. She would not be able to afford the repayments.
Why should I build a home....so I can own it? Firstly, I do not have the income nor capital to finance such a project. Secondly, at my age.....I just cannot be asked.
Regards
I have documented this all before, but for those who have made comments here have either not read or forgot what I wrote. But I understand that. For those, I shall try to explain again.
An attempt for house purchase will be made after marriage. Now, I have been informed that for me to get a loan to finance a project, an income from my pensions is not accepted by any lending banks I have approached. However, my lovely ladies income would be acceptable. Her income would comprise of profits made from her business....and what I pay her for whatever job as appropriate. Because she has no documented accounts (yet), a bank account that has been dormant for a couple of years, I seriously doubt that a bank will loan her the amount required. Now, if some miracle occurs and she obtains a loan....in her name....from her bank account....and the marriage hits the rocks, I will not "employ" her and she has a significant amount of income. She would not be able to afford the repayments.
Why should I build a home....so I can own it? Firstly, I do not have the income nor capital to finance such a project. Secondly, at my age.....I just cannot be asked.
Regards
I would definitely ask someone who knows about this to have a look at it for you before putting anything on paper.
May 16th 2018 | 1:30 am
#1513
BE Forum Addict
Joined: Nov 2012
Posts: 1,200
From: Suffolk UK
Re: Me and My Family
"and the marriage hits the rocks, I will not "employ" her and she will lose a significant amount of income. She would not be able to afford the repayments."
Having a small experience with the filipino culture it would not be a concern. If the marriage hits the rock and she can't afford the payments she will just shrug her shoulders and walk away with no care.
Having a small experience with the filipino culture it would not be a concern. If the marriage hits the rock and she can't afford the payments she will just shrug her shoulders and walk away with no care.
May 16th 2018 | 1:35 am
#1514
Thread Starter
BE Forum Addict
Joined: Jun 2014
Posts: 1,893
From: Philippines
Re: Me and My Family
Stokkevn:
Thanks for that. Something to think about before I go through the "motions" of buying house.
Gazza-d:
We will both shrug our shoulders together and walk away with no care....No problem with me.
Regards
Thanks for that. Something to think about before I go through the "motions" of buying house.
Gazza-d:
We will both shrug our shoulders together and walk away with no care....No problem with me.
Regards
