Tuesday, October 3, 2017

FORM: Extrajudicial Settlement of Estate

EXTRAJUDICIAL SETTLEMENT OF ESTATE

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT made end and entered into this _____ day of ________20__, in _______________________________________, by and between:

_____________, of legal age, Filipino, widow, residing at _________________________________;

_____________, of legal age, Filipino married, residing at ________________________________;

WITNESSETH, that:

WHEREAS, we are the sole heirs of the deceased ___________________ who died on __________________, at _____________________________, copy of his death certificate is hereto attached as Annex A;

WHEREAS, _______________________, died intestate, without Will or Testament, and without any outstanding debts in favor of any person or entity;

WHEREAS, ________________________ is the absolute and registered owner of two parcels of land located at __________________________ covered by Transfer Certificate of Title No. ________ and _______, respectively, of the Registry of Deeds of _____________ and more particularly described as follows:

[TECHNICAL DESCRIPTION OF THE PROPERTY]

WHEREAS, pursuant to Rule 74, Sec. 1 of the Revised Rules of Court of the Philippines, and being with full capacity to contract, we do hereby adjudicate unto ourselves the parcel of land described above, in equal shares.

IN WITNESS WHEREOF, we hereunto set our hand on the _______ day of _________________, ______ at _____________________________________. 

The Heirs of __________________________

___________________________ ___________________________

SIGNED IN THE PRESENCE OF:

___________________________ ___________________________


ACKNOWLEDGEMENT

Republic of the Philippines)
City of ________________ ) S.S

BEFORE ME, a Notary Public in and for the City of ______________________, this _____ day of ______________, personally appeared:

Name           Identification Card          Valid until/Expires on

who have satisfactory proven to me their identity that they are the same person who executed and voluntarily signed the foregoing EXTRJUDICIAL SETTLEMENT OF ESTATE which they acknowledged before me as their free and voluntarily act and deed.

The foregoing instrument which relates to an Extrajudicial Settlement of Estate of two parcels of land consisting of ___ pages including the page on which this acknowledgement is written, has been signed on the left margin of each and every page by the parties and the witnesses.

WITNESS MY HAND AND SEAL, this ____ day of _______________, in the City of _______________________, Philippines.

Doc. No. _______;
Page No. _______;
Book No. ______;

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