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Extrajudicial Settlement of Estate PDF

This document details an extrajudicial settlement of an estate involving the absolute sale of two parcels of land. The heirs of the deceased owner adjudicate ownership of the properties to themselves in equal shares. They then sell the properties to a married couple for a monetary sum. The heirs and buyers sign to finalize the sale and transfer ownership while a notary public witnesses and validates the transaction.

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gabrielle benmon eleazar
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367 views3 pages

Extrajudicial Settlement of Estate PDF

This document details an extrajudicial settlement of an estate involving the absolute sale of two parcels of land. The heirs of the deceased owner adjudicate ownership of the properties to themselves in equal shares. They then sell the properties to a married couple for a monetary sum. The heirs and buyers sign to finalize the sale and transfer ownership while a notary public witnesses and validates the transaction.

Uploaded by

gabrielle benmon eleazar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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EXTRAJUDICIAL SETTLEMENT OF ESTATE

WITH ABSOLUTE SALE


KNOW ALL MEN BY THESE PRESENTS:
This AGREEMENT Made End And Entered Into This _____ Day Of ________
20__, In _______________________________________,By And Between:
1. NAME______, Of Legal Age, Filipino, Residing At
_________________________________;
2. NAME______, Of Legal Age, Filipino, Residing At
_________________________________;
3. NAME______, Of Legal Age, Filipino, Residing At
_________________________________;
4. NAME______, Of Legal Age, Filipino, Residing At
_________________________________;

WITNESSETH, That:

 WHEREAS, We Are The Sole Heirs Of The Deceased (NAME) Who Died On
__________________, At _____________________________, Copy Of His Death
Certificate Is Hereto Attached As Annex A;

 WHEREAS, _______________________, Died Intestate, Without Will Or


Testament, And Without Any Outstanding Debts In Favor Of Any Person Or
Entity;

 WHEREAS, ________________________ Is The Absolute And Registered Owner


Of Two Parcels Of Land Located At __________________________ Covered
ByTransfer Certificate Of Title No. ________ And _______, Respectively, Of The
Registry Of Deeds Of _____________ And More Particularly Described As
Follows:

[TECHNICAL DESCRIPTION OF THE PROPERTY]

 WHEREAS, Pursuant To Rule 74, Sec. 1 Of The Revised Rules Of Court Of The
Philippines, And Being With Full Capacity To Contract, We Do Hereby
Adjudicate Unto Ourselves The Parcel Of Land Described Above, In Equal
Shares.
FURTHER, FOR AND IN CONSIDERATION Of The Sum
( _______________ ), Philippine Currency, The Receipt Whereof Is Hereby
Acknowledged In Full Sum From ____________________________, Both Of Legal Age,
Filipinos, And With Residence Address At_______________________, We Do Hereby
SELL, TRANSFER, CONVEY And DELIVER, By Way Of ABSOLUTE SALE, Unto Said
Spouses _____________________, Their Heirs Assigns And Successors In Interest The
PropertYy Above Described With All The Improvements Existing Thereon,

That We Hereby Warrant Our Valid Title To And Peaceful Possession Of The
Property Herein Sold And Conveyed And Further Declares That The Same Is Free And
Clear Of All Liens And Encumbrances Of Any Kind Whatsoever.
IN WITNESS WHEREOF, We Hereunto Set Our Hand On The _______ Day Of
_________________, ______ At ____________________.

THE HEIRS OF :
_________________________
___________________________ ___________________________
__________________________

ACCEPTED:
___________________________
___________________________

SIGNED IN THE PRESENCE OF:


___________________________ ___________________________
ACKNOWLEDGEMENT

Republic of the Philippines)


City of ________________ ) S.S

BEFORE ME, a Notary Public in and for the City of


_____________________, this ____ day of _______________, personally
appeared______________, __________________, _________________, and
_______________, who has satisfactory proven to me their identity through
________________ who is personally known to me and who personally knows the
principal that they are the same person who executed and voluntarily signed the
foregoing EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE
which the acknowledged before me as their free and voluntary act and deed.

THE foregoing instrument which relates to an Extrajudicial Settlement of Estate


of two parcels of land consisting of ___ pages including the page on which this
acknowledgement is written, has been signed on the left margin of each and every
page by the parties and the witnesses.

WITNESS MY HAND AND SEAL, this ____ day of _______________, in


the City of _______________________, Philippines.

Doc. No. _______;


Page No. _______;
Book No. ______;
Series of 20____.

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