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special power of attorney living in the united states

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auggie_s_2000


Arresto Menor
Good day sa inyong lahat.. I need your help on this matter. I am living in florida united states and I need to have my father file banking matters to the bank (the recently closed banko filipino). what do i do? Do I need to get a lawyer and make the special power of attorney and then have it consularized at a nearest consulate? any input on this matter is much appreciated..

thank you

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attyLLL


moderator
who is the account holder, you? if so, then you are correct that you should execute an SPA at the Philippine consulate or embassy so that your father can represent you.


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auggie_s_2000


Arresto Menor
Yes i am the account holder. so, I just have to fill up the SPA form and then go to the nearest consulate here or embassy? thank you so much atty for your advice.

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attyLLL


moderator
yup, they'll put a pretty red ribbon on it.


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Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
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Bench45


Arresto Menor
I need to know if the BIR will charge an estate tax on the CURRENT market value of stocks left to his children by a deceased father. An extra judicial settlement is in place.

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attyLLL


moderator
the tax and penalties will be based on the value at the time of death of the owner


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