Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password

You are not connected. Please login or register

extrajudicial settlement

Go down  Message [Page 1 of 1]

1 extrajudicial settlement on Mon Jan 09, 2012 11:03 am


Arresto Menor
my father left behind a land registered in his name married to my mother, we want to divide the property to six equal share, us five siblings and my mother, all of us have agreed to this, can we execute an extra judicial settlement with this idea?what taxes do we have to pay?Donors tax?

View user profile

2 Re: extrajudicial settlement on Sat Jan 14, 2012 9:26 pm


is your father dead? how was the property acquired?

if it was purchased during the marriage, then your mother owns half by her own right. the other half which is your father's share, you can divide by 6 as you planned.

the tax to be paid is estate tax. you should have it computed by the bir.

[i] Visit our FB Page: FOR MORE LEGAL ADVICE  
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.
View user profile

3 Re: extrajudicial settlement on Sun Jan 15, 2012 5:15 pm


Arresto Menor
thank you for your reply,

yes my father is dead, he inherited the property from my grandparents when he was still alive, so does my mother have the right to own the half, or can we divide the whole property in 6 equal shares

View user profile

4 Re: extrajudicial settlement on Sun Jan 15, 2012 5:24 pm


Arresto Menor
btw, my mother have consented or have agreed to this kind of partition,i just want to know if an extrajudicial settlement is enough to execute this agreement,or do we have to execute another document with respect to my mother owning half of the property if ever,tnxs

View user profile

5 Re: extrajudicial settlement on Wed Jan 18, 2012 1:27 pm


Arresto Menor
gud day po! We are at the same situation with annajoey, we are 6 children in the family, our father died 1987 and our mother is still alive. We all decided including my mother to divide the lot to 6 parts. If we will pay the estate tax thru extrajudicial settlement, will we be penalize since my father died 25 years ago?

View user profile

Sponsored content

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum