The requirement that your Filipino wife owns the land you buy for your house and lot is well known.
I think it's a good idea - unlike here in Australia where huge amounts of real estate are owned by foreign people.
BUT - How can the husband protect his money invested in the event of the marriage/relationship breaking down or if he outlives his wife/partner?
There needs to be a clear and reliable way for the husband to retain control over his investment whilst he is alive.
Get a lawyer - who - where? - how do we know it will work?
Get a life long lease - does it work?
Dont worry about it - Filipino Immigration will look after the problem - hmmm!!!
I'd like to encourage all readers to comment on this issue. I think if we expats had more confidence in the money we invest into our wive's country that even more foreign money would result and most of it would be bequeathed to our Filipino wives.
What do you think?
What has been your experience?