PhilCorp
Updated Feb 12, 2012, 7:11 AM
PhilCorp
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Extra-Judicial Settlement with Absolute Sale



EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE


KNOW ALL MEN BY THESE PRESENTS:

We, _____________ and _____________, of legal ages, (single / married / widow), residents of _____________ and _____________, respectively, on our own volition, declare as follows:

1. That we are the legitimate children and sole heirs of the deceased _____________ who died on _____________ at _____________;

2. That said deceased died intestate, without any Last Will or Testament, and without any outstanding debts or accounts;

3. That the deceased left a certain parcel of land covered by Transfer Certificate of Title No. _____________ and more particularly described as follows:

(Technical Description of Property)

4. That the above-described parcel of land is not tenanted and does not come within the operation of the Comprehensive Agrarian Reform Program;

5. That pursuant to Section 1 of Rule 74 of the Revised Rules of Court of the Philippines, and both being with full capacity to contract, we do hereby adjudicate unto ourselves the land described above, in equal shares pro indiviso;

6. That FURTHER, and for and in consideration of the sum of _____________ (P_____________), Phil¬ippine Currency, receipt of which is herby acknowledged by us to our full and complete satisfac¬tion, we do hereby SELL, CONVEY, and TRANSFER by way of ABSOLUTE SALE unto _____________, (his/her) heirs, assigns and successors-in-interests, all our rights, interests and participation over the above-described parcel of land;

IN WITNESS WHEREOF, we have hereunto set our hands, this _____________ at _____________, Philippines.



HEIR/SELLER HEIR/SELLER



SIGNED IN THE PRESENCE OF:


__________________ __________________



(ACKNOWLEDGMENT)
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