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inheritance certificate

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1 inheritance certificate on Tue Oct 25, 2011 5:28 pm

jumer


Arresto Menor
Recently my friend, "in the Philippines", father, "Fil citizen", has died, he has left some savings in a bank in China(PROC), the bank said they required him to present an "inheritance certificate" in order to withdraw the money.
1).What is that?
2).Is there such a certificate in the Philippines which can be "blue ribboned" at the DFA?

Thanks

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2 Re: inheritance certificate on Sat Oct 29, 2011 11:12 pm

attyLLL


moderator
settlement of estate executed by the heirs


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3 Re: inheritance certificate on Tue Nov 01, 2011 4:32 pm

jumer


Arresto Menor
If it is an extrajudicial settlement papers that is needed., Does he need to go through the publication for 3 consecutive week before proceeding to the DFA for the red ribbon. Because it is to be used abroad, not in the Philippines.
How about the taxes?

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4 Re: inheritance certificate on Thu Nov 03, 2011 8:46 am

attyLLL


moderator
you should inquire with the chinese bank if the extrajudicial settlement will be sufficient, and whether any tax should be paid there.


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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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5 Re: inheritance certificate Today at 10:28 am

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