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Extrajudicial Estate Settlement 2020

This document summarizes an extrajudicial settlement of an estate between two heirs. The heirs are settling the estate of a deceased relative who died without a will. They are the sole heirs and are equally dividing the deceased's sole asset, an ATM card from a bank. The heirs, witnesses, and notary public signed the document to legally divide the asset outside of court.

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Karen De Leon
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1K views2 pages

Extrajudicial Estate Settlement 2020

This document summarizes an extrajudicial settlement of an estate between two heirs. The heirs are settling the estate of a deceased relative who died without a will. They are the sole heirs and are equally dividing the deceased's sole asset, an ATM card from a bank. The heirs, witnesses, and notary public signed the document to legally divide the asset outside of court.

Uploaded by

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

KNOW ALL MEN BY THESE PRESENTS:

This AGREEMENT made end and entered into this ____ day of ________,
2020, in _______________________________________, by and between:

_________________ and ____________, both of legal ages, Filipinos,


married to each other and with residence address at ____________.

WITNESSETH, that:

WHEREAS, we are the sole heirs of the deceased _______________, 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 an


Automated Teller Machine (ATM) Card, issued by the Land Bank of the
Philippines with Account Number _______________;

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 ATM Card described above, in equal shares.

IN WITNESS WHEREOF, we hereunto set our hand on the _____ day of


_________________, at ___________________________________.

The Heirs of ________________:

_________________ __________________

SIGNED IN THE PRESENCE OF:

___________________________ ___________________________

ACKNOWLEDGEMENT

Republic of the Philippines)


City/Municipality of ________________ ) S.S

Page 1 of 2
BEFORE ME, a Notary Public in and for the City of
______________________, this _____ day of ______________, personally
appeared:

Name Identification Card Valid until

who have satisfactory proven to me their identity that they are the same person
who executed and voluntarily signed the foregoing EXTRJUDICIAL
SETTLEMENT OF ESTATE which they acknowledged before me as their free
and voluntarily act and deed.

The foregoing instrument which relates to an Extrajudicial Settlement of Estate of


an ATM Card consisting of two (2) 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 _______________,


at ___________________________.

Doc. No. ____;


Page No. ____;
Book No. ____;
Series of 2020.

Page 2 of 2

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