Kris Aquino’s Assets Left to James Yap: House, Car, Millions, and Condo (NH)

Kris Aquino’s Assets Left to James Yap: House, Car, Millions, and Condo

🏠 The Division of Assets Between Kris Aquino and James Yap

After their official annulment in February 2012, discussions regarding the division of their assets surfaced. Without a prenuptial agreement, their property relations followed the absolute community of property rule, meaning that all assets and wealth acquired during their marriage were considered conjugal. Reports indicated that their total assets amounted to around ₱300 million at that time.

💰 James Yap’s Share

While some reports claimed that James Yap demanded ₱150 million as his share, Kris Aquino and James ultimately agreed that his fair portion would be around ₱40 million. According to one report, James did not contest or appeal the asset division. The money was then placed into a savings account under the name of their son, Bimby, for future use.

🏢 Properties James Yap Received

In addition to the money, James Yap received several properties from Kris Aquino. Among these were a condominium unit and several vehicles. However, no official details have been released about the exact properties transferred to him.

⚖️ Division of Conjugal Assets

According to legal experts, dividing conjugal properties is a standard process in annulment cases, especially when no prenuptial agreement exists. The assets are divided based on each spouse’s contribution to their acquisition. In the case of Kris and James, despite some disputes, their asset division was carried out in accordance with the law and mutual respect.

📝 Conclusion

The division of assets between Kris Aquino and James Yap serves as an example of a legal and respectful separation process. Even without a prenuptial agreement, their agreement was carried out fairly and in good faith. The properties and wealth transferred to James are part of their past and a step toward a better future for their son, Bimby.

📰 References:

James Yap and Kris Aquino’s marriage officially annulled | ABS-CBN Entertainment
PEP: Kris Aquino on settlement with James Yap: ‘It was fair. I don’t think he was greedy.’ | GMA News Online
Kahit walang prenup… JAMES, ‘DI NAGHABOL SA PERA NI KRIS | Bulgar Online
PEP SPECIAL REPORT PART I: Why the marriage of Kris Aquino and James Yap was declared null and void | PEP.ph