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Extra Judicial Settlement of Estate With Waiver of Rights

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John Paul Esler
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34 views3 pages

Extra Judicial Settlement of Estate With Waiver of Rights

Uploaded by

John Paul Esler
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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EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER

OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT is made and entered into this day of


, 20, in by and between:

, single/married to
, single/married to
, single/married to >
, deceased, through her/his spouse and
children, by way of right of representation, namely:

all of legal age, Filipino Citizens, residents of


>

WITNESSETH:

The herein parties are the only heirs entitled to succeed to the estate
subject of this settlement, being the legitimate children of
and , who died on
in and on in 5
respectively, copy of their respective death certificates are hereto attached as
Annexes “A” and “B”;

The decedents died intestate, without a Will or Testament, and without


any outstanding debts in favor of any person or entity;

The decedents, at the time of their deaths, left no properties of


considerable value except parcels of land, to wit:
1) A certain parcel of land situated in , covered and
described in Original Certificate of Title (OCT)/Transfer Certificate of
Title (TCT) No. of the Registry of Deeds of
, and for clarity, the same is more particularly
described as follows:
(TECHNICAL DESCRIPTION)
2) A certain parcel of land situated in , covered and
described in TCT No. of the RD , and for
clarity, the same is more particularly described as follows:
(TECHNICAL DESCRIPTION)
In view of the above facts and circumstances, pursuant to Section 1 of
Rule 74 of the Revised Rules of Court of the Philippines, and the parties being
all of legal age and with full capacity to contract, they do hereby adjudicate
unto themselves the properties described above, according to the following
partition, subject to the liabilities imposed by Section 4, of the same Rule, to
wit:

1|Page

LRAQMS.FRM.2023.013
Revision 0/07-05-2023
1) The parcel of land covered by Transfer Certificate of Title No.
to
a) (Name)
b) (Name)

WITNESSETH FURTHER:

I WAIVER OF RIGHTS
Pertaining to TCT No:
WHEREAS, (whose personal circumstances is
stated above) has agreed and covenanted to CEDE, TRANSFER and CONVEY
unto (Name) , single/married, of legal age, Filipino, and
(Name) single/married, residents of
, their heirs and assigns, the full ownership and
possession of his/her shares, rights and interests over that certain parcel of
land with improvement covered by the said Original/Transfer Certificate of
Title No. >2

NOW, THEREFOREfor and in consideration of the foregoing premises,


, and have hereby
waived and renounced, as by these presents, hereby WAIVE and RENOUNCE
all their shares, interests, rights, ownership and participation over that parcel
of land with/without improvement covered by Original /Transfer Certificate of
Title No. in favor of and
, thus, the property shall be now owned by their respective
heirs and assigns;

HENCE, the parties confirm that the aforesaid properties shall be now
owned according to the herein settlement:

1) The parcel of land covered by Transfer Certificate of Title No.


, shall be now owned by

C.,

The parties hereby affirm that they have executed the foregoing
instrument out of their own voluntary free will without force, intimidation or
violence upon their person, that they have hereby received their just and
proper share and have no claim or demand against each other.

IN WITNESS WHEREOF, the parties hereunto set their hands on the


date and place indicated above.

Heir Heir

2|Page

LCRAQMS.FRM.2023.013
Revision 0/07-05-2023
SIGNED IN THE PRESENCE OF:

REPUBLIC OF THE PHILIPPINES )


)ss.

BEFORE ME, A Notary Public for and in , on this


day of 5 , personally appeared:

NAME ID. NO. ISSUED ON/AT

All known to me and to me known to be the same persons who executed


the foregoing instrument, consisting of pages signed by them on
each and every page hereof and they acknowledged to me that the same is
their free voluntary act and deed.

WITNESS MY HAND AND SEAL on the date/ place first above written.

Doc No. 5 Notary Public


Page No. 3
Book No. 3
Series of

3|Page

LRAQMS.FRM.2023.013
Revision 0/07-05-2023

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