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    Extrajudicial Settlement of Estate With Waiver of Rights

    Uploaded by

    Denise Gordon
    This document summarizes an extrajudicial settlement of an estate with a waiver of rights between heirs. It states that the heirs have agreed to divide and adjudicate equally a parcel of land, described in the document, among themselves according to the rules of court. It also states that some of the heirs are waiving all rights and interests in the property in favor of another heir. The document was executed voluntarily and signed by the heirs and witnesses in the presence of a notary public.

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    Extrajudicial Settlement of Estate With Waiver of Rights

    Uploaded by

    Denise Gordon
    201 views3 pages
    This document summarizes an extrajudicial settlement of an estate with a waiver of rights between heirs. It states that the heirs have agreed to divide and adjudicate equally a parcel of land, described in the document, among themselves according to the rules of court. It also states that some of the heirs are waiving all rights and interests in the property in favor of another heir. The document was executed voluntarily and signed by the heirs and witnesses in the presence of a notary public.

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    Original Title

    Template Extrajudicial -2

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    This document summarizes an extrajudicial settlement of an estate with a waiver of rights between heirs. It states that the heirs have agreed to divide and adjudicate equally a parcel of land, described in the document, among themselves according to the rules of court. It also states that some of the heirs are waiving all rights and interests in the property in favor of another heir. The document was executed voluntarily and signed by the heirs and witnesses in the presence of a notary public.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    201 views3 pages

    Extrajudicial Settlement of Estate With Waiver of Rights

    Uploaded by

    Denise Gordon
    This document summarizes an extrajudicial settlement of an estate with a waiver of rights between heirs. It states that the heirs have agreed to divide and adjudicate equally a parcel of land, described in the document, among themselves according to the rules of court. It also states that some of the heirs are waiving all rights and interests in the property in favor of another heir. The document was executed voluntarily and signed by the heirs and witnesses in the presence of a notary public.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    The document details an agreement between heirs to divide property left by a deceased relative equally among themselves through an extrajudicial settlement, with some heirs waiving their rights over a specific property.

    An extrajudicial settlement of estate is an agreement made outside of court by the legal heirs of a deceased person to divide the estate or properties left by the deceased among themselves without going through a formal court proceeding.

    Some of the heirs are waiving all their rights, ownership, shares, interests and participation over the whole parcel of land described in TCT No. _____________ , together with all its improvements, in favor of another heir.

    EXTRAJUDICIAL SETTLEMENT OF ESTATE

    with WAIVER OF RIGHTS

    KNOW ALL MEN BY THESE PRESENTS:

    THIS EXTRAJUDICIAL SETTLEMENT OF ESTATE made and entered into this


    ____ day of February 2020 at _______________ by and among:

    _______________, of legal age, widow, Filipino, and a resident of No.


    ___________________________________;

    _______________, of legal age, married to __________________, Filipino,


    and a resident of No. ___________________________________;

    ________________, of legal age, married to _________________, Filipino,


    and a resident of ___________________________________;

    _________________, of legal age, married to __________________, Filipino,


    and a resident of ___________________________________;

    _________________, of legal age, single, Filipino, and a resident of No.


    ___________________________________;

    __________________, of legal age, single, Filipino, and a resident of


    ___________________________________; and

    __________________, of legal age, single, Filipino and a resident of


    ___________________________________.

    ANTECEDENTS:

    WHEREAS, we are the sole heirs of


    ___________________________________, who died on ___________________ in
    _________________, copy of which is made an integral part of this Deed.

    WHEREAS, ___________________ died without Will or Testament, and


    without any outstanding debts in favor of any person or entity in the Philippines.

    WHEREAS, among the properties left by _________________ is a parcel of


    land covered by Transfer Certificate of Title ___________ situated in
    t_________________, with an area of ____________ square meters, more or less,
    and more particularly described as follows:

    WHEREAS, pursuant to Sec. 1, Rule 74 of the Revised Rules of the Court of


    the Philippines, we, the heirs, being of legal age, have agreed to divide and
    adjudicate equally among ourselves, the above described parcel of land.

    WHEREAS, we ____________, ______________, and _____________, hereby


    WAIVED all our rights, ownership, shares, interests and participation over the
    whole parcel of land described in TCT No. _____________, together with all its
    improvements, in favor of _______________________.

    WHEREAS, we hereby affirm that we have executed this instrument


    out of our own free will without force, intimidation, or violence upon our
    person.

    IN WITNESS WHEREOF, we hereunto set our hands this ____ day of


    February 2020 at _________________.

    The Heirs of ___________________________________

    ___________________________________

    _______________________ __________________________

    ___________________________________

    With my marital consent:

    ___________________________________ ________________________________

    ___________________________________ ________________________________

    ___________________________________ ________________________________

    SIGNED IN THE PRESENCE OF

    _____________________________ ___________________________

    ACKNOWLEDGMENT

    Republic of the Philippines)


    ________________________) S.S.

    BEFORE ME, a Notary Public for and in _____________________, on


    __________________, personally appeared:

    Name Competent evidence of Valid until


    Identity
    All known to e and to me known to be the same persons who executed the foregoing
    Extrajudicial Settlement with Waiver of Right, signed by the parties and their
    witnesses on each and every page hereof and they acknowledged to me that the
    same is their free and voluntary act and deed.

    IN WITNESS WHEREOF, I have hereunto set my hand and affixed my


    notarial seal at the place and on the date first above written.

    Doc. No. ______:


    Page No. ______:
    Book No.______:
    Series of 2020.

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