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Deed of Extrajudicial Partition

The document is an extrajudicial partition of estate that divides the properties of a deceased person among their heirs. It states that there are no known debts against the estate. The heirs have agreed to settle the estate extrajudicially by partitioning the inheritance among themselves, subject to liabilities for two years in case other heirs or creditors emerge. They will publish the instrument for three weeks. The heirs also agree to divide any other discovered properties proportionately and will not invalidate the deed if compulsory heirs were omitted.

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1K views3 pages

Deed of Extrajudicial Partition

The document is an extrajudicial partition of estate that divides the properties of a deceased person among their heirs. It states that there are no known debts against the estate. The heirs have agreed to settle the estate extrajudicially by partitioning the inheritance among themselves, subject to liabilities for two years in case other heirs or creditors emerge. They will publish the instrument for three weeks. The heirs also agree to divide any other discovered properties proportionately and will not invalidate the deed if compulsory heirs were omitted.

Uploaded by

Ivy Paz
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
  • Extrajudicial Partition of Estate
  • Acknowledgement
  • Annex A: Schedule of Properties

EXTRAJUDICIAL PARTITION OF ESTATE

KNOW ALL MEN BY THESE PRESENTS:

This Deed of Extrajudicial Partition of Estate (“Deed”), made and


entered into by and between:

WITNESSETH :

That there are no known debts or obligations due against the estate of
the said decedent;

That, it is to the very best interest of the parties hereto to adjudicate


unto themselves the entire estate extrajudicially in the form and manner
hereinafter set forth;

NOW THEREFORE, for and in consideration of the foregoing premises


and invoking the provision of Sec. 1 Rule 74 of the Rules of Court, the said
HEIRS above named have agreed to settle the estate extrajudicially and to
this effect do hereby partition and adjudicate the same unto themselves and
the foregoing inheritance, subject however to the liabilities imposed by Sec.
4, Rule 74 of the Rules of Court for a period of two years in favor of any other
possible heirs, creditors or any other person deprived of the lawful
participation over the said estate of the deceased and encumbrances;
The parties agree to publish this instrument in a newspaper of general
circulation in the City and Province of _____ once a week for three
consecutive weeks.

In the remote event that any other property of the decedent should
ever be found which is not included hereinabove, the HEIRS hereto further
agree as they do so agree to settle and distribute the same in like manner
and proportion as herein established and disposed.

That the HEIRS hereby covenant and further warrant that should there
be preterition or omission of one, some, or all of the compulsory heirs in the
direct line, whether living or not at the time of the execution of this Deed, will
not invalidate/nullify the terms and conditions of this Deed. Instead, the
HEIRS shall proportionately oblige themselves to pay to the omitted Heirs or
the latters’ heir(s) the share which belongs to him/them, in accordance with
the rules of succession under the Civil Code of the Philippines.

1
SIGNED IN THE PRESENCE OF:

__________________________ _________________________

ACKNOWLEDGEMENT

Republic of the Philippines}

known to me and to me made known to be the same person who executed


the foregoing instrument and acknowledged to me that the same is her own
free voluntary act and deed.

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

DOC NO. _____;


PAGE NO. _____;
BOOK NO. _____;
SERIES of 2017.

2
ANNEX A

SCHEDULE OF PROPERTIES

A. Personal Properties:

Stockholder’s Name Stock Cert. Nos. of Name of Company


# Shares

B. Other Properties

EXTRAJUDICIAL PARTITION OF ESTATE KNOW ALL MEN BY THESE PRESENTS: This Deed of Extrajudicial Partition of Estate (“Dee
SIGNED IN THE PRESENCE OF: __________________________ _________________________ ACKNOWLEDGEMENT Republic of the Philipp
ANNEX A SCHEDULE OF PROPERTIES A. Personal Properties: Stockholder’s Name Stock Cert. # Nos. of Shares Name of Company B.

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