Pagkakaroon ng prenup agreement, nakakasira ba ng relasyon? Alamin!
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00:00 Divorce and annulment are becoming a common practice.
00:03 And one of the problems in a divorce between a partner and a spouse,
00:07 aside from custody, is the division of money and property.
00:13 One of the possible solutions to this problem is to sign a prenuptial agreement.
00:17 That's why we asked some of our RSPs if they are in favor of this.
00:22 Let's find out their pulse.
00:26 [Music]
00:38 For me, it's a favor because in case of a problem,
00:42 because we know that there's no forever, right?
00:44 They don't have a partner, so they can't fight for each other.
00:52 If you're going to get married, you should share the responsibility.
00:57 Because you're already a family, you're already a house.
01:01 You should also share the money.
01:03 When you're already married, you should share everything.
01:09 You can't just go for the money.
01:12 Actually, it's okay for me.
01:16 But it depends on the situation.
01:18 Because if you're married, you have a husband and a property.
01:22 You have a division of property.
01:25 But if you're separated from your husband,
01:29 it's really wrong.
01:32 It's just for me.
01:34 I'm just struggling.
01:36 You don't have a future.
01:37 Yes, it's okay.
01:41 Especially if you're separated,
01:44 you should handle your own hassle.
01:46 It's up to you.
01:48 For me, it's much better.
01:51 There you go, Chi.
02:02 February 14 is coming, but some of them didn't reach.
02:06 But I want to know, are you in favor of the prenup-child agreement?
02:11 Yes, I'm in favor.
02:13 Will you offer or will you not?
02:15 It depends on the situation.
02:17 If the woman is really in favor of her wealth,
02:21 it's just for her protection.
02:23 If your intention is pure,
02:25 your pride won't be ruined.
02:28 Are you, RSP, in favor of the prenup-child agreement?
02:35 Think about it.
02:37 Before you answer that question,
02:39 we'll talk about the prenup-child agreement
02:42 and couple financial compatibility.
02:45 We have with us, Sir Vince Rapisura, a financial guru.
02:49 Sir Vince, welcome back to Rise and Shine in the Philippines.
02:51 Good morning.
02:52 Good morning, and thank you for having me again.
02:54 Before we go to the topic of prenup,
02:58 what are the financial concerns that couples should know
03:02 or disclose about each other before they get married?
03:05 We call it financial disclosure.
03:08 The most important thing is the debt.
03:12 What is our debt?
03:14 Both parties should agree on whether the use of the debt is correct
03:19 and how to pay it.
03:21 Next is our income.
03:24 We'll also talk about that.
03:26 It's a part of our financial responsibilities.
03:29 If there's a division of labor,
03:31 there should also be a division of income and expenses.
03:34 Lastly, we'll look at our assets.
03:37 We'll bring that to our relationship.
03:42 You mentioned the debt.
03:44 How do you plan to get married?
03:47 Is it based on the debt?
03:49 Or is there a big debt?
03:52 You expect that if you're already together,
03:56 you'll continue to pay it.
03:58 What is the right financial advice for couples like this?
04:02 There are two types of debts.
04:04 There's a good debt and a bad debt.
04:06 The good debt is what is used for productive purposes.
04:09 You should know where the partners used the debt and understand it.
04:14 If it's used for bad debts or consumption,
04:17 it can change.
04:19 For me, a relationship is an opportunity for each other to grow.
04:24 You can take that as an opportunity to teach each other to improve
04:29 if there's a mistake.
04:30 You should also clarify the plan of action of paying.
04:33 Are you going to pay when you're married?
04:36 Or just one?
04:38 You can discuss those.
04:40 How can we settle if the family status of the couple is different?
04:45 For example, if the woman is richer and the man is poorer,
04:49 or vice versa, how can we settle that?
04:52 Is there a need for a prenup?
04:54 Actually, when we enter a relationship,
04:59 we're not looking for someone who is as rich as us.
05:02 We're looking for someone who is compatible with our financial values
05:08 and our life goals.
05:10 You're not looking for someone who is rich to marry.
05:17 Gold digger.
05:19 Correct.
05:21 But in the Philippines, it's an exception rather than a rule.
05:26 If the woman earns more,
05:33 it's better to initiate a smaller income.
05:38 It's awkward if the one who asks for a prenup is the one who earns more.
05:45 Which is the norm.
05:47 For me, in order to have a successful relationship,
05:52 there should be a "we", "we", "me", and "you".
05:57 The "me", "you", and "we" should be preserved.
06:01 If it's just "we", the identity of each other will be lost.
06:06 And that's also difficult.
06:08 That's why there should be financial independence on both sides.
06:12 And there should be a recognition of financial obligations and responsibilities together.
06:16 But what if the woman doesn't want to initiate a smaller income?
06:19 That's the problem.
06:22 What if she thinks, "Am I a gold digger?"
06:26 The woman will say, "Why don't you want to sign if you're not a gold digger?"
06:33 That's the conflict.
06:34 That's why we need to talk about it early.
06:37 In the relationship, there's a discussion about money.
06:40 You'll just date who will pay.
06:42 There are dynamics.
06:44 You'll see that as your relationship gets deeper,
06:49 you'll talk about money more.
06:51 Whether you like it or not, money is a big part of the relationship.
06:56 60% of our survey said that the reason for partners to fight is about money.
07:03 Only 20% of the survey said it's about money.
07:05 That's why I'm saying that men are just babies.
07:10 That's why it's wrong.
07:14 What are the pros and cons of having a prenuptial agreement?
07:23 First, I'm not a lawyer.
07:25 I'm asking this because of financial matters.
07:29 The prenuptial agreement is what determines what will be separate and joint during our marriage
07:39 and after the dissolution of the marriage.
07:43 The pros are asset protection, efficiency in legal process.
07:50 If we're separated, it's easy to talk about it because we've talked about our agreement beforehand.
07:57 The cons are tension.
08:02 That's what we're feeling now with showbiz issues.
08:06 Second, there's a lack of trust.
08:10 But for me, if they overcome that by having a relationship,
08:16 I think they'll be able to strengthen their relationship and their unity.
08:21 Is this applicable to me?
08:23 For example, I'm getting married and I have a child.
08:26 I need to protect them and their future to make sure that my assets are a big part of them.
08:35 Is this what's happening?
08:37 Yes, it's included in the financial disclosure that I was talking about earlier.
08:40 You'll tell them your current financial obligations and future commitments.
08:47 Because sometimes, before you get married, you promised your sister that you'll teach her.
08:52 You should disclose that to your partner so that when you're together, there's no surprise.
08:57 Okay.
08:58 But earlier, we mentioned that some people get offended when this issue about prenup is brought up.
09:03 How can a prenup be affected by a relationship?
09:08 If I'm going to offer you, let's say you're my future husband,
09:11 I want to tell you in a nice way, how can I say it?
09:15 What's the approach?
09:16 First of all, I'm honored.
09:18 [Laughs]
09:20 But the best thing is to be honest and to be true to what you're saying.
09:29 There's nothing to lose in being honest.
09:32 Because that's the first foundation of a relationship, being honest to each other.
09:38 You should clarify that it comes from good intentions and avoiding future conflicts.
09:48 That's the reason why you're doing this.
09:51 Sir, you mentioned earlier that you should have the same financial handling of your partner.
09:58 Let's go to the topic of financial compatibility.
10:02 How can we know if it's compatible to partner financially?
10:07 Financial compatibility is what people say that you should have the same assumption.
10:13 It's not necessary to have the same assumption.
10:15 You can have different needs and wants.
10:18 But what's important is that you should agree on what are the needs and wants.
10:28 And you should have an agreement on how to treat it.
10:32 Actually, for me, these conflicts and tensions are an opportunity for a relationship.
10:40 Either to separate or to strengthen their relationship.
10:43 That's their choice.
10:44 Anyway, it's okay if you separate before you get married.
10:49 It's better than getting married and then separating because of those issues.
10:52 I don't know. That's what I think.
10:54 That's right.
10:55 Because we're avoiding future conflicts.
10:59 Bigger. Especially here in the Philippines, there's no divorce.
11:02 Yes.
11:03 But what can they do to close the gap when it comes to the issue of prenuptial agreement?
11:10 You said earlier that there are different ways and means to close the gap.
11:15 But is there other options, other ways to do this?
11:18 Yes. Actually, the other option is to decide if you're for each other or not for each other.
11:27 If you're meant for each other.
11:29 You should decide.
11:31 But it's something that can be discussed.
11:34 So you really just have to be open and disclose.
11:37 And then compromise.
11:38 That's the spirit of a relationship.
11:40 But it's like the prenuptial agreement is contradicting what we're promising in front of the church when we're getting married.
11:48 For richer or for poorer, for the poor and the sick.
11:52 But it's not like that, Audrey.
11:53 Because if it's true, it doesn't mean that you're not helping your wife when she's in need.
12:00 But there are limitations.
12:02 Yes, but let's be realistic.
12:04 There are many people who will work for you for the rest of your life and then you'll share your wealth after one or two years.
12:11 This is the lesson here.
12:13 If your intention is pure when you're promising to get married,
12:18 it's not important if there's a prenuptial agreement or not.
12:22 Wait, maybe that's what other people are thinking when they're asking for a signature.
12:27 Why should I sign? There should be no such thing.
12:29 But remember, what's the family obligation as he said earlier.
12:33 Especially like what I said earlier, you have to protect your assets so that your children can earn.
12:40 Correct. Or if he's working all his life, we talked about that earlier,
12:44 he can do more than his family.
12:47 Of course, it's not a big deal.
12:49 When it comes to money, it becomes a problem for everyone, not just couples.
12:56 RSVP, especially to those who are planning to get married or even to couples,
13:01 check your financial compatibility with your partner because when the day comes,
13:07 it might be a matchmaker for your fight and your relationship.
13:12 Thank you so much, Sir Vin.
13:14 It's a pleasure to have you visit us this morning and to share with us your tips, especially when it comes to money.