Investments For My Wife’s Family

Comment from a reader on "Land Ownership for Foreigners":

One of the problems in investing in the Philippines, is that many of the hazards are well hidden. After buying my Philippina wife a very nice home in Laguna with hot-spring pool, I wanted to invest in a condo (which everyone told me was something foreigners could do, subject to a 40% rule on overall foreign ownership).

I did not know that if the phrase (married to Juanita De La Cruz) was added to the Title, you have lost 50% of your investment already, and given the difficulty of your American heirs coming here to corrupt the judges, you have probably already lost the entire condo to your wife's family.