It was said that for a long time the Hanau family possessed a silver "terrestrial and celestial sphere" that Philipp had manufactured himself.

In 1570, Philipp's father-in-law, Count Palatine Jakob of Zweibrücken-Bitsch (1510–1570), died without male heir and Philipp's first wife, Countess Ludowika Margaretha inherited the County of Bitsch, the Lordship of Ochsenstein and half the Lordship of Lichtenberg (his father already held the other half).

In a treaty signed in 1606, it was agreed that Bitsch would revert to Lorraine and Hanau-Lichtenberg would retain Lemberg.

This was part of a program to have the same statute law in all territories rules by members of the Wetterau Association of Imperial Counts.

With respect to Albrecht, who reached adulthood in 1608, there were considerable religious disputes between the parties — Hanau-Lichtenberg was Lutheran, Hanau-Münzenberg was Calvinist — and the guardianship could only be finalized in 1608.

Philipp V tried to have the Lutheran Count Palatine Richard of Simmern-Sponheim appointed as an extra guardian.

The Calvinist majority of the guardians prevented the population of Hanau-Münzenberg from paying homage to Richard.