Extra Judicial Settlement of Estate with Waiver of Rights and Deed of Absolute Sale

EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS AND DEED OF ABSOLUTE SALE

(Estate of { })

KNOW ALL MEN BY THESE PRESENTS:

This Extra- Judicial Settlement of Estate among heirs, made entered into by and among:

1. { }, of legal age, { }, { } and a permanent resident of ___________________, Taguig City, Philippines.

2. { }, of legal age, { }, _______, and a permanent resident of ___________________, Taguig City, Philippines (herein represented by { } by virtue of Special Power of Attorney Annex "A").

3. { }, of legal age, { }, ________ and a permanent resident of ______________________________, Taguig City, Philippines (herein represented by { } by virtue of Special Power of Attorney Annex "A")..

4. { }, of legal age, { }, _____and a permanent resident of ______________, Taguig City, Philippines (herein represented by { } by virtue of Special Power of Attorney Annex "A")..

WITNESSETH: THAT

WHEREAS, { }, died intestate on { } at { } as evidenced in the attached death certificate (Annex "B"), leaving a parcel of land and it's improvements specifically described as follows;

“a. Katibayan ng Orihinal na Titulo Blg. { }

Paglalarawang Teknikal

{ }

{ }

b.Katibayan ng Orihinal ng Titulo Blg. { }

Paglalarawang Teknikal

{ }

{ }

c. Katibayan ng Orihinal na Titulo Blg. { }

Paglalarawang Teknikal

{ }

{ }

WHEREAS, the parties hereto are the only surviving heirs of the deceased, they being the legitimate children, husband of the descendant.

WHEREAS,{ }.

DEED OF ABSOLUTE SALE

WHEREAS, { } will SELL, CONVEY, and TRANSFER by way of ABSOLUTE SALE proviso portion in the said properties in favor of { }.

FURTHER, and for and in consideration of the sum of { } Pesos Only ( Php { }) acknowledged by us to our full and complete satisfaction, { } do hereby SELL, CONVEY, and TRANSFER by way of ABSOLUTE SALE unto { }, of legal age, single and a resident of _________________, { }, legal age, single and a resident of _________________, and { } legal age, single and a resident of _________________., their heirs, assigns and successors-in-interests, all our rights, interests and participation over the above-described parcels of land.

To generalize, the parties agree that the subject properties will belong to { }, of legal age, single and a resident of _________________, { }, legal age, single and a resident of _________________, and { } legal age, single and a resident of _________________.

{ }, { } and { } will be the co-owners of the said properties

Now THEREFORE, for and in consideration of the Provisions of Section 1, Rule 74 of the Revised Rules of Court of the Philippines, the parties hereto, do by these presents agree to an Extra-Judicial Settlement.

Subject, however, to the liabilities imposed by Section 4, Rule 74 of the said Rules of Court, in favor of any other possible heirs, creditors and other persons who might have been deprived of their lawful participation in the estate of the decedent for a period of two (2) years.

IN WITNESS WHEREOF, the parties have hereunto set their hands this ____ day of ________________________ at Taguig City.

{ }

Co-heir

{ }ID No: { }

Issued by: { }

City of Taguig

{ }

Co-heir

(Also for{ },

{ }

{ } by virtue of SPA )

SIGNED IN THE PRESENCE OF:

_____________________________ ____________________________

ACKNOWLEDGEMENT

REPUBLIC OF THE PHILIPPINES)

CITY OF TAGUIG ) Sc

x---------------------------------------------x

BEFORE ME, appeared the above stated parties showing their Identification documents as stated below their names and known to me as the parties who executed this Extra Judicial Settlement with Deed of Absolute Sale and they acknowledged to me as their free and voluntary act and deed.

This document, consist of six (6) pages including this page where this acknowledgement is written, with every page thereof duly signed by the parties including their instrumental witnesses, at the bottom or left margin thereof and seal with notarial seal.

Witness my hand and seal this day ___________________, Taguig City, Philippines.