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    Extrajudicial Settlement Sample - Brother Sister

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    Marilen Roque
    1) The document is a Deed of Extra-Judicial Settlement of Estate for an individual who passed away without a will. 2) The deceased individual left money deposits at a bank that needed to be divided among their legal heirs (their siblings). 3) The siblings signed the deed to terminate co-ownership over the bank deposits and divide them evenly according to intestate succession laws.

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    © All Rights Reserved
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    Extrajudicial Settlement Sample - Brother Sister

    Uploaded by

    Marilen Roque
    23K views3 pages
    1) The document is a Deed of Extra-Judicial Settlement of Estate for an individual who passed away without a will. 2) The deceased individual left money deposits at a bank that needed to be divided among their legal heirs (their siblings). 3) The siblings signed the deed to terminate co-ownership over the bank deposits and divide them evenly according to intestate succession laws.

    Original Description:

    extrajudicial settlement of estate childless deceased brothers and sisters as legal heirs

    Original Title

    Extrajudicial Settlement Sample- Brother Sister

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    1) The document is a Deed of Extra-Judicial Settlement of Estate for an individual who passed away without a will. 2) The deceased individual left money deposits at a bank that needed to be divided among their legal heirs (their siblings). 3) The siblings signed the deed to terminate co-ownership over the bank deposits and divide them evenly according to intestate succession laws.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    23K views3 pages

    Extrajudicial Settlement Sample - Brother Sister

    Uploaded by

    Marilen Roque
    1) The document is a Deed of Extra-Judicial Settlement of Estate for an individual who passed away without a will. 2) The deceased individual left money deposits at a bank that needed to be divided among their legal heirs (their siblings). 3) The siblings signed the deed to terminate co-ownership over the bank deposits and divide them evenly according to intestate succession laws.

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    © All Rights Reserved
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    DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE

    of _______________

    KNOW ALL MEN BY THESE PRESENTS:

    This Deed of Extrajudicial Settlement of Estate is made and entered


    into by and among:

    1.____________, of legal age, widow, residing at, Caloocan city;

    2.______________, of legal age, married, residing at;

    3. ________________, of legal age, married, residing at Taguig


    city;

    WITNESSETH: That-

    WHEREAS, _____________ died on June 30, 2015 in Manila


    without any will or testament and without any outstanding debts in favor of
    any person or entity. Copy of his death certificate is hereto attached as
    Annex "A";

    WHEREAS, _______________ died single and childless. Both his


    parents _________________ are deceased;

    WHEREAS, at the time of ______________ death, he left as forced


    heirs, the following:

    WHEREAS, __________________ are the legal heirs of


    __________________by reason of the fact that they are all his full-blood
    brother/sisters who are supposed to inherit by way of intestate succession;

    WHEREAS, at the time of the death of _______________, he left


    deposits of money at BDO, which are more particularly described as follows:

    I. BDO TIME DEPOSIT-


    ACCOUNT NAME:
    ACCOUNT NO.:
    CERTIFICATE NO.
    ISSUE DATE:
    BALANCE: ONE HUNDRED THOUSAND PESOS (Php100,000.00)

    II. BDO BANK DEPOSIT-


    SAVINGS ACCOUNT
    ACCOUNT NAME:
    ACCOUNT NO.:
    BALANCE: ______________ PLUS INTEREST ACCRUING.

    WHEREAS, in view of the above facts and circumstances, we,


    _____________________________are therefore co-owners and to
    terminate co-ownership over the above-mentioned personal properties/
    deposits of money, we hereby adjudicate over the same in pro-indiviso
    sharing pursuant to Section 1, Rule 74 of the Rules of Court of the
    Philippines, subject to the liabilities imposed by Section 4, of the same Rule;

    IN WITNESS WHEREOF, we have hereunto set our hands,


    this____day of ___________, 20__ at ____________________, Philippines.

    Sister/Legal Heir Brother/ Legal Heir

    Sister/ Legal Heir

    SIGNED IN THE PRESENCE OF:

    ACKNOWLEDGMENT
    REPUBLIC OF THE PHILIPPINES )
    CALOOCAN CITY )S.S.
    BEFORE ME, a Notary Public for and in the City above-stated, this
    ____day of __________, 20__ appeared the parties hereto and claim to
    me that they are the very same persons who executed the foregoing
    instrument and acknowledge to before me that the same are their free act
    and voluntary deed.
    I HEREBY CERTIFY that this instrument which pertains to a Deed of
    Extra-Judicial Settlement of Estate consists of two (2) pages including this
    page have been signed by the parties and their two (2) instrumental
    witnesses on the left hand margin of each of the first and second page and
    on the top of their typewritten names of each of the second page.
    WITNESS MY HAND AND NOTARIAL SEAL on the date and place first
    above-written.

    Doc. No. _______


    Page No. _______
    Book No. _______
    Series of 2017.

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