STEP-BY-STEP PROCESS IN THE EXTRA-JUDICIAL SETTLEMENT OF ESTATE.

JANUARY 29, 2015 / LEGALMIND

The step by step procedure for extrajudicial partition of estate is as follows:

Prepare a Deed of Extrajudicial Settlement of Estate andAdjudication of Estate to be signed by all of

the heirs, which must contain the following information:

That the decedent left no will;

That the decedent left no debt;

Each heirs relationship to the decedent (e.g. spouse, son, daughter, father, mother etc.);

That they are the decedents only surviving heirs;

An enumeration and a brief description of the decedents properties, both real and personal, which the
heirs are now dividing among themselves.

2. The Deed of Extrajudicial Settlement and Adjudication of Estate should be notarized before a
Notary Public after all the heirs have signed it.

3. Deed of Extrajudicial Settlement and Adjudication of Estate will be published in a newspaper of

general circulation once a week for three (3) consecutive weeks.

4. Estate Taxes should be paid before the Bureau of Internal Revenue (BIR).

5. The notarized Deed of Extrajudicial Settlement and Adjudication of Estate shall be registered with
the Register of Deeds.