A Seldom Discussed Conjugal Topic; Inheriting

[mogo51]

Sounds like a minefield, something that I had not thought about.

[Dave Hounddriver]

That's crazy.

 

That was my first thought too.  Then I realized that we are actually married by Canadian Law (living in a conjugal relationship for 2 years 'makes' you married for the purposes of Immigration, Taxation, and most other things except government pensions).  So I felt she is entitled to her own money for a variety of reasons.  Perhaps the main reason is it makes me feel good so that's not so crazy.

 

When something happens that I am dead or incapacitated then she has enough to take care of herself and hopefully me.  If she runs off with the cash in the bank then its actually a cheap way to find out she is not the lady I thought she was.  This way there is no restriction on the money like there is in a joint account.

 

I think, (rhymes with stink as I am about to post a personal opinion here  :hystery:  ) that an expat has to continually evaluate how much he has at risk in the event of his partners untimely death or 'departure' and keep that amount to a level that would not destroy him financially if the worst happens.  I think that there are many options as discussed in this thread but there are no perfect solutions.  That is why we discuss it here, to get the solution that works best for each of us.

[MikeB]

My "That's crazy" comment was in reference to the bank manager's advice about getting married and the will and all that to have access to a bank account. I think we're talking about a relatively small amount of money for emergency stuff, right? Anyone who voluntarily get's involved with the local judicial system over something like that is going to be in for a long and frustrating experience. I subscribe to the KISS principle - "Keep it simple stupid".

[jpbago]

 Then I realized that we are actually married by Canadian Law (living in a conjugal relationship for 2 years 'makes' you married for the purposes of Immigration, Taxation, and most other things except government pensions)

 

   Conjugal means nothing for Taxation unless she has Permanent Resident Status or Confirmation of PRS. I tried to get a Social Insurance Number for her after being together for 4 years but could not hence I cannot claim spouse or dependent deductions.

[Dave Hounddriver]

I tried to get a Social Insurance Number for her after being together for 4 years but could not hence I cannot claim spouse or dependent deductions.

 

No need for a S.I.N.  I claimed spouse deduction and told them where she lived and explained our situation.  Just cannot claim child benefits if the child does not live in country.  You need to research

 

Non-Resident Spouse

http://www.taxtips.ca/filing/spousal-amount-tax-credit.htm

[kalibojerry]

timestamp="1454060465"]

I have a question if my sweetheart passes on then everything will go to her father the question her father has a new live in wife they have 2 girls 14 and 8 now if the father passes does the wife get the house she does have an older sister

I have a question if my sweetheart passes on then everything will go to her father the question her father has a new live in wife they have 2 girls 14 and 8 now if the father passes does the wife get the house she does have an older sister

I have a question if my sweetheart passes on then everything will go to her father the question her father has a new live in wife they have 2 girls 14 and 8 now if the father passes does the wife get the house she does have an older sister

Edited January 29, 2016 by kalibojerry

[Dave Hounddriver]

if the father passes

 

The bank manager mentioned to me that her siblings would be next in line.  I did not go into details.

Edited January 29, 2016 by Dave Hounddriver

[Methersgate]

Just as a side note, inheritance customs vary from one province to another. K's father is Ilonggo so she will inherit the family home simply because she is the youngest daughter (just the house - the land goes to the eldest son). This seems weird, but I presume the old custom was that the youngest daughter would remain single and live with the parents and care for them into old age. Which, in K's case, she has not done... 

[fred]

The text below is really about land inheritance but as you lot are talking about cash in the bank,let me tell you,it makes no difference..

Also dont forget..Estate taxes can be up to 20%!!

Best advise I can give in regards cash in the bank is make it a joint acc. with ATM cards for both acc holders.. The day she dies,get the lot out!!

 

Anyway...The text I promised you..(in case you didn't know)

 

 

 

Certain parts of the estate of a deceased Filipino citizen cannot be freely disposed of via will because Philippines law reserves them for the “compulsory heirs”.  The “compulsory heirs” are classified as:

• Primary – legitimate children and/or descendants
• Secondary – legitimate parents and/or descendants; illegitimate parents
• Concurring – surviving spouse; illegitimate children and/or descendants

Edited January 29, 2016 by fred

[luke]

It's better to convince the parents (in laws) to divide the estate BEFORE they pass away.

There is nothing to squabble about. 

My previous Filipina did this with an estate in southern Mindanao..

My elderly mother in Europe did this (we are 5 brothers).

Edited January 30, 2016 by luke