Financial Realities of Divorce | What You Need to Know!

Today, we’re tackling a hot topic: DIVORCE. We'll discuss the pros and cons, debunk common myths using U.S. statistics, and explore the potential impact of legalizing divorce in the Philippines. We’ll also cover the financial implications often overlooked in the divorce debate.

Join this channel to get access to perks:

In the Philippines, annulment is the primary legal way out of marriage, but it’s expensive and lengthy, often only accessible to the wealthy. Legal separation allows asset separation but not remarriage. We’ll look at the potential outcomes if divorce becomes legal.

The Case for Legalizing Divorce
Legalizing divorce could offer economic accessibility, financial relief for those in unhappy or abusive marriages, and empower economically dependent individuals, especially women. It could also reduce informal separations and bigamous relationships.

The Case Against Legalizing Divorce
Divorce can lead to financial instability, particularly for single-parent households. Increased court cases could raise administrative costs. We’ll discuss these concerns and provide a balanced view.

Debunking Myths About Divorce Using U.S. Data
Myth 1: Divorce encourages petty separations – Reality: Substantial reasons are required, with mandatory counseling.
Myth 2: Divorce creates a 'drive-thru' culture – Reality: U.S. laws ensure careful consideration.
Myth 3: Divorce destroys families – Reality: It can provide relief from toxic environments, benefiting children in the long run.
Myth 4: 50% of marriages end in divorce – Reality: The rate is declining, and cultural factors play a role.
Myth 5: Living together before marriage prevents divorce – Reality: Statistics show higher divorce rates for those who live together pre-engagement.
Myth 6: Divorce is cheap – Reality: Divorce proceedings can be costly.
Financial and Economic Implications
Legalizing divorce would democratize the process and reduce the economic divide, but it would require government investment in legal infrastructure. We’ll explore potential solutions to mitigate negative impacts.

International Perspectives
Countries like Italy and Spain provide valuable lessons on managing the transition to legalized divorce, ensuring fair asset distribution and child custody arrangements.

Comment below with your thoughts! Should the Philippines legalize divorce? What are your financial concerns? Like, subscribe, and share this video to spread awareness.

References:

We love getting mail, and would love to hear from you:
As always THANK YOU for Watching.

TIKTOK: investedlifestyle

FACEBOOK GROUPS:

Ahon Pinoy

FINANCE CONTENT:
GOLDEN RULE OF FINANCE
THE HARD TRUTH ABOUT VUL
BASICS TO INVESTING FOR FILIPINOS
10 SOURCES OF INCOME

DISCLAIMER:

This channel is an exercise in free speech with an intention of public education. The conclusions and declarations are the opinion of the author. Nothing in the channel constitutes a claim that any referenced company is a criminal or illegal enterprise within the framework of current law and law enforcement. Scams, bad business opportunities, bad investment, and shady are subjective terms that mean different things to different people.

This video does not constitute and is not intended as advice or recommendation regarding investment decisions or strategies. It is not intended to cause any actions by individual consumers other than to consider the information provided. The information contained in this video has been obtained from sources that are publicly available and which the creator believes to be reliable. Some data cited in the report are estimates based on relevant available information.

#DivorceInThePhilippines #FinancialFreedom #LegalizingDivorce #InvestedLifestyle #DivorceDebate #EconomicImpact #DivorceMyths #FinancialLiteracy #PhilippinesEconomy #PodcastEpisode #DivorceProsAndCons #FamilyLaw #FinancialEducation #PhilippinesDivorceLaw #MarriageAndFinance

[InvestedLifestyle]

If you've found value in our free financial education and anti-MLM content, show your support by hitting that 'Thanks' button below! Your encouragement fuels my mission to spread truth and empower others. Let's continue this advocacy together!

[JudyMarcia]

I'm a marriage counselor. yung marriage counseling na nirerequire prior to marriage only offers lectures, not really counseling. andaming nagiging concern during marriage that should have been addressed prior through pre-marital counseling

[rafaelvicho]

Thank you for this video. I am happy na may objective at balanseng view about divorce from both sides. Ang toxic na din kasi ang away ng mga pro at anti sa social media.

More power sa iyo po!

[BHENTECH]

magandang topic to kc baka magkaroon ng rin ng divorce sa pinas

[jcgabas]

You have great suggestions to lessen the incidence of divorce. Thank you for sharing.

[Wey_wey]

Thank you for discussing this.

Magandang malaman ng mga tungkol dito mula sa bans n merong divorce

[mariembuenaventura]

Thank you po sa breakdown, tyka sana po if ma sure na hindi siya ma amend katulad nung "no fault divorce" sa US sa ibang states po kc meron. Ang problem ko din nakikita is ma wawaive kc yung fees pag naging successful yung divorce kya tax payers magbabayad so parang incentivize natin yung divorce. And if possible hindi unli yung divorce so kunyari pang 2nd time mo ng mag divorce so dapat ikaw na mag bayad laht ng fee tapos 3rd is annulment nlng yung option. So kunyari ako never pang kinasal tapos ang possible partner ko is pang 2nd nya ng divorce mpapaisip ako kc annulment na yung option namin pag ganon. Para yung divorce is hindi maging first option pag feeling natin hindi na nagwowork yung marriage.

[daddada]

22:00 kaso sometimes yung idea ng best para sa atin is not the best pala.

[chanreyes]

Tingin ko better if magkaron ng Magandang parameters ung divorce law. I can give a few examples;
1. If both parties agreed na maghiwalay na and they can just registered sa isang government website na ipinapaalam na sila ay hiwalay na. Minimizing yung pag punta sa korte.
2. If ever na hindi magkasundo let’s say isa lang ung gusto makipag hiwalay then dito pa lang papasok ung pagsampa sa korte para linawin ung grounds at parameters if abused ba or trauma or etc.

[darwinarceo]

I’m in favour of divorce although its not for me but for others who need it. I can consider my family as average happy family, we also had big arguments, but at the end of the day my family will stay together no matter what.

[agnessarmiento]

Ok yan i agree pra sa mga couple na wala ng say2 kesa ipilit pa diba

[yanmar]

E ma'am paano naman yun divorced na sa ibang bansa pero sa pinas hindi pa dahil nga sa mahal na ang dami pang requirements...magastos na pahirapan pa Sana wag naman ganun sa pinas...

[zachary]

We all know the serious reasons to justify divorce but also keep in mind the various forms of mischief that can spring from it (eg marrying for money, less serious commitments because divorce is always an option, etc). Obviously, politicians would love to have divorce so they can jump from one mistress to the next.

[luchieoneil]

How about if you got married in the Philippines and you left and live in another country how does divorce work if it will get approve kaya? Just curious. 🧐

[fkm]

Base sa mga sinabi mo, halos pareho lang ang annulment at divorce ma gastos din at ma proseso.

[Anonymous-xqcd]

Hayz this is sad if mag go through ang divorce sa pinas. Im a single 30+ y/o guy dito sa US and I was planning to save some money, go back to PH and find a wife to marry kasi i was thinking na walang divorce sa pinas and women are more traditional. Pero looks like wala na din pala pinagkaiba sa US. Once divorce becomes a thing in PH, yung pag iisip ng mga babae sa PH is matutulad na din sa mga counterparts nila sa western countries. Gagamitin ang divorce as a tool for transferring wealth. Marry someone who has 10 million net worth. File a no-fault divorce after 2 years. Voila, instant millionaire na agad si girl, tapos may monthly child support and alimony money pa na matatanggap mula dun sa ex husband. Cha-ching!

[ricktoconnor]

The financial implications and the burdens on the legal system and govt were very interesting.

But none of the alternatives eliminate this problem; indeed the option for mandatory counselling would also put great burdens on government and some of the other support options.

The conflict resolution techniques are also problematic since PH culture isn't keen on confronting problems. The stereotype of PH families is they sweep problems under the rug until its too damn late.

[anthony]

Im pro divorce, bakit may relationship na inaabuso ang kanilang partner at hindi kayang magkabalikan na at may qualifications naman yan para maputol ang kasal. Kung masaya naman at ok naman ang pagsasama ng mag asawa bakit kailangan ang Divorce.

[daddada]

divorce is not for all, para sa may grounds lng dpt yan. I'm pro divorce because I'm pro-human before institution.

[plipaks]

khít wala nman divorce sa pinas madami pa ding naghhiwalay at nangangaliwa pa nga lalo na sa mga babae… ipasa na lang pra mura at pang masa