DRAFT - Deed of Extrajudicial Settlement of Estate With Waiver

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DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE

WITH WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This deed of Extrajudicial Settlement of Estate made and executed by and among
<HEIR>, widowed, <HEIR>, <HEIR>, <HEIR>, <HEIR>, <HEIR>, all of legal age, all
Filipino citizens, and residents of <address> (collectively referred to as the “HEIRS”).

~WITNESSETH~

WHEREAS, the above-named parties are the only forced and legal heirs of the late
<DECEDENT> (“Decedent”), who died intestate on <DATE> in Westlake Medical Center,
Brgy. Nueva, San Pedro City, Laguna, being the widowed husband and children of the said
decedent;

WHEREAS, at the time of her death, the decedent left a certain sum of money
deposited at the Philippine National Bank (“PNB Bank”), located in 865 M. Naval Street,
City of Navotas, Manila 1485 Philippines under Joint Savings Account with <XXXX>
bearing the Account No. <XXXX>;

WHEREAS, there are no known debts or obligations due against the estate of the
decedent; and

WHEREAS, it is to the best interest of the parties thereto to divide, partition, and
adjudicate unto themselves the entire estate of the decedent extrajudicially, adjudicating, as
they do hereby adjudicate, the same to and among themselves extrajudicially in the manner
hereinafter set forth.

NOW THEREFORE, for and in consideration of the premises, and invoking the
provisions of Rule 74, Section 1, of the Rules of Court, the parties hereto do by these
presents agree to divide and partition the entire estate above described, adjudicating as they
do hereby adjudicate the same to and among themselves pro-indiviso EQUAL SHARES.

WAIVER OF RIGHTS

We, <HEIR>, <HEIR>, <HEIR>, <HEIR>, <HEIR>, <HEIR>, with personal


circumstances above described, do hereby ASSIGN, TRANSFER, CONVEY, WAIVE,
AND QUITCLAIM all our share, claim, interest, and participation in the subject sum of
money in favor of our legitimate father <HEIR>, (legitimate widower of the decedent), with
personal circumstances similarly above described.
That the parties agree to publish this instrument in a newspaper of general circulation
in the City of Bacoor, Province of Cavite, once a week for three consecutive weeks;

That in the remote event that any property of the decedent should ever be found
which is not included hereinabove, the HEIRS hereto further agree as they do so agree to
settle and distribute the same in like manner and proportion as herein established and
disposed;

That the HEIRS hereby covenant and further warrant that should there be preterition
or omission of one, some, or all of the compulsory heirs in the direct line, whether living or
not at the time of the execution of this Deed, will not invalidate/nullify the terms and
conditions of this Deed. Instead, the HEIRS shall proportionately oblige themselves to pay to
the omitted heirs or the latters’ heir(s) the share which belongs to him/them, in accordance
with the rules of succession under the Civil Code of the Philippines.

IN WITNESS WHEREOF, we have hereunto affix our signatures this XX day of


September 2021, at Bacoor City, Philippines.

__________________________ __________________________
<HEIR> <HEIR>

__________________________ __________________________
<HEIR> <HEIR>

__________________________ __________________________
<HEIR> <HEIR>

__________________________
<HEIR>

SIGNED IN THE PRESENCE OF:

______________________________ ______________________________
ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)


BACOOR CITY )S.S.

BEFORE Me, a Notary Public in the City of Bacoor, personally appeared the
following persons, presenting to me as competent proofs of their identity, the following:

Names ID Presented Valid Until


___________________ ____________________ ___________________
___________________ ____________________ ___________________
___________________ ____________________ ___________________
___________________ ____________________ ___________________
___________________ ____________________ ___________________
___________________ ____________________ ___________________
___________________ ____________________ ___________________

known to me and to me known to be the same persons who executed the foregoing
instrument, and they acknowledged to me that the same is their free and voluntary act and
deed.

This instrument consists of three (3) pages including the page where this
acknowledgment is written, signed by the parties and their witnesses at the left-hand
margins.

IN WITNESS WHEREOF, I have hereunto set my hand and affix my notarial seal
on the day, year, and place first above-written.

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