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Asset Protection Agreement Guide
Summary
In the Philippines, prenuptial or cohabitation agreements can help protect individual assets in case of separation. Child support is a legal obligation based on the childs needs and the parents financial capacity, not a percentage of income or profits. Courts consider income, expenses, and standard of living to determine support. Even if assets are under a relatives name, the obligation remains. Setting up a trust or account for the child is possible, but support typically goes to the custodial parent. Courts can investigate financial arrangements to ensure fair support. For personalized advice, consulting a local lawyer is recommended.Full Conversation
Let me be blunt i want draft it so she cannnot claim a dime from me child support or otherwise i will still provide for the child but i want it so legally im not obligated to provide her support financially
To achieve your goal, here's some general information on what you could consider:
- Prenuptial or Cohabitation Agreement: Draft an agreement that clearly defines asset ownership and excludes any claim from your partner over those assets.
- Child Support: In the Philippines, child support is a legal obligation. You can specify how you intend to support the child, but waiving child support entirely may not be legally enforceable.
Would you like assistance in connecting with a lawyer in Metro Manila to draft this agreement?
- Prenuptial or Cohabitation Agreement: Draft an agreement that clearly defines asset ownership and excludes any claim from your partner over those assets.
- Child Support: In the Philippines, child support is a legal obligation. You can specify how you intend to support the child, but waiving child support entirely may not be legally enforceable.
Would you like assistance in connecting with a lawyer in Metro Manila to draft this agreement?
So child support doesnt mean she is entitled to percentage of profits or income right? What is the absolute minimum i can provide her with
In the Philippines, child support is calculated based on the needs of the child and the financial capacity of the parent. It doesn't mean your girlfriend is entitled to a percentage of your profits or income. The minimum support would depend on what the court deems necessary for the child's well-being.
Would you like more information on child support guidelines or assistance with drafting an agreement?
Would you like more information on child support guidelines or assistance with drafting an agreement?
What do you mean financial capacity what if im making * million a month how much am i meant to give edtimate
Case Rating: *
In the Philippines, child support is based on the child's needs and the parent's financial capacity. While there's no fixed percentage, the court considers factors like income, child's standard of living, and expenses. For personalized guidance, consulting a lawyer could be helpful. Would you like more info on child support guidelines?
In the Philippines, child support is based on the child's needs and the parent's financial capacity. While there's no fixed percentage, the court considers factors like income, child's standard of living, and expenses. For personalized guidance, consulting a lawyer could be helpful. Would you like more info on child support guidelines?
What is the absolute minimum i can give
Case Rating: *
In the Philippines, child support is determined by the court based on the child's needs and the parent's financial capacity. There's no fixed minimum, but the court ensures the child's well-being is met. Consulting a lawyer could provide personalized advice. Would you like assistance in connecting with a lawyer in Metro Manila?
In the Philippines, child support is determined by the court based on the child's needs and the parent's financial capacity. There's no fixed minimum, but the court ensures the child's well-being is met. Consulting a lawyer could provide personalized advice. Would you like assistance in connecting with a lawyer in Metro Manila?
Would it be possible to where it goes the directly to the child or a financial advisor i hire specifically for the child and nothing goes to the mother
Case Rating: *
It's possible to set up a trust or an account managed by a financial advisor specifically for the child. However, child support payments usually go to the custodial parent for the child's needs. Consulting a lawyer can help formulate a strategy to ensure funds are used for the child's benefit. Would you like more information on setting up such accounts or trusts?
It's possible to set up a trust or an account managed by a financial advisor specifically for the child. However, child support payments usually go to the custodial parent for the child's needs. Consulting a lawyer can help formulate a strategy to ensure funds are used for the child's benefit. Would you like more information on setting up such accounts or trusts?
What if funds are not going towards child would it warrant withdrawal of future funds
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In situations where child support funds are not being used for the child's benefit, you can request a court review or modification of the support arrangement. Courts can investigate and ensure funds are allocated appropriately.
Would you like guidance on how to proceed with this issue?
In situations where child support funds are not being used for the child's benefit, you can request a court review or modification of the support arrangement. Courts can investigate and ensure funds are allocated appropriately.
Would you like guidance on how to proceed with this issue?
How is it that some men get away with paying no child support
Case Rating: *
In the Philippines, child support is a legal obligation, and parents are required to provide financial assistance for their child's welfare. Some men might evade this obligation due to lack of enforcement, inability to pay, or informal arrangements with the child's mother. However, legally avoiding child support is not permissible, and courts can enforce payment. Would you like more information on how child support enforcement works in Metro Manila?
In the Philippines, child support is a legal obligation, and parents are required to provide financial assistance for their child's welfare. Some men might evade this obligation due to lack of enforcement, inability to pay, or informal arrangements with the child's mother. However, legally avoiding child support is not permissible, and courts can enforce payment. Would you like more information on how child support enforcement works in Metro Manila?
So what if all my assets are tied to say a relatives name all houses bonds banks vehicles etc so technically i have nothing to give therefore i am not ombligated to give
Case Rating: *
In the Philippines, even if assets are under a relative's name, your legal obligation to provide child support remains based on your financial capacity, not just assets. Courts consider income and ability to pay when determining child support. Would you like more information on child support enforcement or asset protection?
In the Philippines, even if assets are under a relative's name, your legal obligation to provide child support remains based on your financial capacity, not just assets. Courts consider income and ability to pay when determining child support. Would you like more information on child support enforcement or asset protection?
So what if the pay structure of my business is set up so that my pay goes straight to a relative therefore i dont have have any income therefore i am unable to pay
Case Rating: *
In the Philippines, child support obligations are determined by the financial capacity of the parent, not just the assets or how income is structured. Courts can investigate financial arrangements to ensure fair child support. Would you like more information on how child support enforcement works?
In the Philippines, child support obligations are determined by the financial capacity of the parent, not just the assets or how income is structured. Courts can investigate financial arrangements to ensure fair child support. Would you like more information on how child support enforcement works?
Explqin financial capacity
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Financial capacity refers to the ability of a parent to provide for a child's needs, taking into account income, expenses, and standard of living. Even if assets or income are structured to appear minimal, courts in the Philippines will assess overall financial capability to ensure fair support. Would you like more information on child support enforcement?
Financial capacity refers to the ability of a parent to provide for a child's needs, taking into account income, expenses, and standard of living. Even if assets or income are structured to appear minimal, courts in the Philippines will assess overall financial capability to ensure fair support. Would you like more information on child support enforcement?
Yes but just answer it all assets in a relatives name oay structure set up to go not to me i have no legal assets therefore i csnnot pay yes and technically my lifestyle is funded by a relative
Case Rating: *
In the Philippines, child support obligations are based on financial capacity, not just assets. Courts assess income, expenses, and standard of living to determine fair support. Even if assets and pay structures are under a relative’s name, the court can investigate to ensure a fair arrangement. Would you like more information on child support enforcement?
In the Philippines, child support obligations are based on financial capacity, not just assets. Courts assess income, expenses, and standard of living to determine fair support. Even if assets and pay structures are under a relative’s name, the court can investigate to ensure a fair arrangement. Would you like more information on child support enforcement?
Stop repeating same answer
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I understand you're seeking detailed information on how child support is enforced, especially regarding income and assets not directly tied to your name. While the court assesses financial capacity beyond just assets, you might need personalized legal advice. Would you like assistance in connecting with a lawyer in Metro Manila who specializes in these matters?
I understand you're seeking detailed information on how child support is enforced, especially regarding income and assets not directly tied to your name. While the court assesses financial capacity beyond just assets, you might need personalized legal advice. Would you like assistance in connecting with a lawyer in Metro Manila who specializes in these matters?
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