buying a property to put in a trust for my daughter

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jonpaul Member

Member since 11 February 2015

jonpaulMember21 May 2019 15:31:28

Hi all,
hopefully someone can help me ?
Ive been on a few sites that suggest i as a uk citizen can purchase some land in the philippines and buy it and put it into a trust for my daughter who has duel citizenship who will receive and have full control over the land once she is 18 years of age ?
At the moment she is still in nappies and i would like to move there for the beginning of 2020.
Im not married to her mother and have absolutely no intentions of marrying her yet we are a couple, i just don't want to put anything in her name as this investment is for my daughter to inherit.
i read that i can be the sole trustee for this agreement once written ?
can anyone elaborate ???

thx in advance if anyone bothers to reply without the same old only condos etc routine.

mugtech ViP

Member since 08 September 2012

mugtechViP21 May 2019 20:31:55

4535

Perhaps you should consult a lawyer.

AussiePete2 Member

Member since 17 December 2015

AussiePete2Member17 June 2019 22:16:57

Definately get legal advice.聽 As a foreigner, you cannot buy land.聽 With your daughter being still a baby, i would doubt strongly that a purchase could be put in her name.聽 Your own legal rights in the Philippines are very limited.
Cheers.......

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