In this situation, a marriage agreement could benefit not only spouses, but also legitimate and illegitimate children. A well-designed prenup could allow the spouse concerned to treat his children in the same way at the beginning of a later marriage. As with any contract, the parties can negotiate a marriage agreement themselves. It`s probably an intelligent and rewarding exercise for the parties to start chatting with them about a prenupe. The parties could then benefit from contributions from an experienced contract lawyer who could implement their agreement in writing. Where possible, lawyers can instruct the parties on the do`s and not under Philippine law. With the exception of legal fees (which vary), the cost of concluding a valid Prenup is reasonable. Lawyers` fees would vary considerably depending on the complexity of the agreement, the real estate involved and the experience and calibre of the lawyers. Notary fees are paid by the Supreme Court. The notary may collect a maximum tax, as required by the Supreme Court, unless he or she waives his fees in full or in part (Rule V, Section 1, 2004 Rules of Notarial Practice). The registration fee for a prenup to the local civil registration requirement is P500 (plus penalties for late registration).
The registration of the marriage certificate to the local town hall and the Prenup is exempt from stamp duty. (Article 24, Philippine Family Code). Prenup should also be registered with the registry for deeds for notes. The registration fee depends on the age of the title. The registration fee per security could be between P654 and P1.200 per security. With regard to the pre-registration of personal property registered with the register of facts, the registration fee would depend on its value, but the registration fee is at least P2,000 per register. But after the honeymoon, life goes on normally, and as in life, when you were single, you and your spouse will soon be confronted with the same old things. One of them is your finances. Not to break your bladder or anything, but there are many ways that money can kill a relationship.
If you are about to get married, you should start thinking about how you are going to manage finances as a couple. One way to pay the money before you make the jump is to have a marital agreement.