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Extra Judicial Settlement of The Estate of Aaa: Know All Men by These Parties
Extra Judicial Settlement of The Estate of Aaa: Know All Men by These Parties
ESTATE OF AAA
This Extrajudicial Settlement of Estate is made and entered into this _________
day of ______________, in Makati City, by and among:
DDD , of legal age, married to MMM and residing at, Malate , Manila;
WITNESSTH: That
WHEREAS, CCC and DDD are brother and sister and only children of Spouses
AAA.
(“Sps. AAA” for brevity). They are both Filipino citizens, of legal age, and married.
Copy of their respective Certificates of Live Birth are hereto attached as Annexes “B”
and “C” and made integral part hereof;
WHEREAS, at the time of his death, AAA and his wife BBB owned the
following real properties which are all located in the Philippines;
With the assessed value of Php535, 420.00 for the land and Php105, 640.00 for the
improvement. Copies of the respective Tax Declarations are hereto attached as
Annexes “E” and “F”.
With the assessed value of Php 357,320.00 under Tax Declaration No. 222-333-
444-, copy of which is hereto attached as Annex “G”.
NOW, THEREFORE, for and in consideration of the foregoing premises, the parties
hereto agree to DIVIDE PARTITION and ADJUDICATE among themselves the afore-
described conjugal properties in accordance with the law on intestacy.
1. One-half of the two(2) afore described parcels of land shall belong to BBB as
surviving spouse of AAA;
2. The remaining one half (1/2) of the same listed properties belong to the estate
of the decedent shall be divided equally among CCC and DDD at one-third
(1/3) share each;
3. However, BBB cedes here one-half (1/2) share in the conjugal partnership of
gains under paragraph (2) immediately preceding, in favor of DDD, which
the latter gratefully accepts;
4. CCC also cedes his one third (1/3) share in the estate of his father in favor of
her brother DDD , which the latter gratefully accepts.
The above- named heirs hereby affirm that they have executed the foregoing instrument
of their own free will, without force, intimidation or violence upon their persons, and
that heirs proclaim that they have no claim or demand against each other.
IN WITNESS WHEREOF, the parties hereunto set their hands in Makati City,
this _____ day of _____________________.
BBB
Surviving Spouse
CCC
DDD
Daughter/ Heir Son/ Heir
Married to:
GGG MMM
_________________________________ ___________________________________
ACKNOWLDEGMENT
known to me to be the same persons who executed the instant Extrajudicial Settlement
of Estate of AAA consisting of three (3) pages including this page wherein the
acknowledgement is written and acknowledge to me that the same is their voluntary act
and deed.