Pagkakaroon ng prenup agreement, nakakasira ba ng relasyon? Alamin!

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Transcript

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.

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