Suggestions for Estate Planning in Dumaguete

This is slightly false as there are about 287 countries in the world (the last time I looked!) and many, including those none of us would voluntarily reside in (e.g. Syria, Iran, Iraq, Afghanistan) are not on that list due to lack of data. The Philippines is low in the list because of its proneness to natural disasters - so children born in the Philippines have that as part of their lives whether they are born to pure Filipino parents or are ethnically mixed.

 

The list in the link..has Philippines below Syria, Iran, Afghanistan and Iraq.

 

I copied the list below - please tell me which ranking Syria, Iran, Afghanistan and Iraq have and I will voluntarily take myself off to an optician at once.

Rank/Country/Global Finance Safety Index Score
1 Iceland 6.16
2 Switzerland 7.01
3 Finland 7.04
4 Portugal 7.07
5 Austria 7.08
6 Norway 7.27
7 Qatar 7.28
8 Singapore 7.34
9 Denmark 7.41
10 New Zealand 7.42
11 Canada 7.42
12 Slovenia 7.44
13 Sweden 7.50
14 Czech Republic 7.68
15 Spain 7.81
16 Ireland 7.82
17 Estonia 7.89
18 Australia 7.95
19 Belgium 7.98
20 Germany 8.09
21 United Arab Emirates 8.21
22 Croatia 8.27
23 Oman 8.34
24 Latvia 8.45
25 Lithuania 8.49
26 Slovakia 8.53
27 Poland 8.54
28 Hungary 8.61
29 Mongolia 8.74
30 Bhutan 8.79
31 Netherland 8.82
32 Cyprus 8.88
33 Romania 8.88
34 South Korea 8.93
35 Uruguay 8.93
36 France 9.01
37 Kuwait 9.10
38 United Kingdom 9.21
39 Malaysia 9.22
40 Italy 9.23
41 Botswana 9.25
42 Bulgaria 9.27
43 Japan 9.49
44 Kazakhstan 9.50
45 Morocco 9.53
46 Moldova 9.58
47 Laos 9.61
48 Jordan 9.67
49 Georgia 9.68
50 Argentina 9.80
51 Rwanda 9.98
52 Zambia 9.98
53 Namibia 10.00
54 Saudi Arabia 10.02
55 Bahrain 10.02
56 Bosnia and Herzegovina 10.04
57 Greece 10.13
58 Serbia 10.14
59 Macedonia 10.24
60 Paraguay 10.25
61 Chile 10.25
62 Armenia 10.25
63 Ghana 10.27
64 Panama 10.27
65 United States 10.30
66 Malawi 10.33
67 Bolivia 10.39
68 Tajikistan 10.48
69 Albania 10.48
70 Sri Lanka 10.53
71 Azerbaijan 10.56
72 Gabon 10.57
73 Mauritius 10.72
74 Tunisia 10.77
75 Ecuador 10.81
76 Nepal 10.82
77 Iran 10.84
78 Lesotho 10.88
79 Tanzania 11.02
80 Senegal 11.08
81 China 11.11
82 Algeria 11.14
83 Vietnam 11.15
84 Brazil 11.15
85 Peru 11.22
86 Sierra Leone 11.26
87 Indonesia 11.27
88 Madagascar 11.32
89 Kyrgyzstan 11.43
90 Benin 11.60
91 Uganda 11.62
92 Israel 11.64
93 Zimbabwe 11.84
94 Cote d'Ivoire 11.85
95 Mozambique 11.91
96 Ethiopia 12.01
97 Costa Rica 12.02
98 Nicaragua 12.06
99 Trinidad and Tobago 12.19
100 Thailand 12.27
101 South Africa 12.33
102 Dominican Republic 12.48
103 Egypt 12.63
104 Mauritania 12.76
105 Mexico 12.82
106 India 12.85
107 Turkey 12.94
108 Russia 12.94
109 Cambodia 12.96
110 Jamaica 13.02
111 Kenya 13.13
112 Lebanon 13.43
113 Burundi 13.46
114 Honduras 13.55
115 Cameroon 13.56
116 Ukraine 13.91
117 Congo 13.96
118 Venezuela 13.98
119 Mali 14.15
120 Chad 14.31
121 Bangladesh 14.66
122 Colombia 14.79
123 Pakistan 14.80
124 Nigeria 14.88
125 El Salvador 15.43
126 Guatemala 15.81
127 Yemen 15.93
128 Philippines 17.70

 

I think the best thing you can do is to get your child a passport to your home country while you are still around.This will give them options later.
Setting up a trust fund in your home country for the child ( and mother if you want) . this fund would be invested and paid out in annual increments to them. Personally i would not try to do this in the Philippines as their are too many crooked lawyers here.

 

For me, I would take the Philippines over all but the top ten listed countries, assuming I could afford to live in them.