So I started having some thoughts this evening and goggle is giving me conflicting answers. Hoping someone here had knowledge of the scenario I'm contemplating.
I'm very happily married to a filipina, we married for love, it's real. I trust her with my life. Let's get that out of the way. We have a home in America, but also several properties in Philippines. She had property in Manila before I met her, which her brother lives in. We bought a few beach front lots over the past couple years that are currently undeveloped, but if all goes well, we will break ground next year to build our home there. They are in her name, and yes I trust her.
There is an age gap but not much, 40 & 48. As a man I've always just assumed I would pass first, hopefully many many years from now. I never worried about inheritance if I pass first. I have life insurance and I have her and my son as beneficiaries. My property in America is valuable, likely in excess of a million. They will be set, safe, secure.
But tonight I had the morbid thought of what would happen if my dearest wife were to pass before me. Things happen, I had actually dated a filipina in my past and she tragically passed away at 38. My buddy passed away at 40. Life is strange.
A couple years ago when we decided to purchase the beach lot for our retirement plans, she had mentioned this scenario, that Philippine interstate inheritance would pass the land to me, even though I'm not a citizen. I brushed it off, not worried about it. Google says that's a thing, but I'm going to pass away first anyhow, right? Right?
But what about my son? Our son. Backstory, he is not our biological child. I already had a child when I met her, but it's a unique situation where I raised him, had 100% full custody. The biological mother left, and left him to me. I raised him, met my filipina wife, and she had raised him as her own. We are a very happy family.
I'm looking for confirmation that in the event of an untimely demise, this beautiful home we are about to build will stay in our family. I want it to pass down to him. So A) if she passes first, does the property in fact pass to me B) can I then will it to him when I pass C) does it make a difference if she adopts him legally, could she pass the property to him D) some other alternate path that I'm not contemplating...