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REQUIREMENTS ON EXTRAJUDICIAL SETTLEMENT, ADVERSE CLAIM, ANNOTATION OF LIEN FORM(DATE)(STOCK CERTIFICATE NO(S)) STOCK TRANSFER SERVICE, INC. UNIT 34D RUINS PACIFIC TOWER 6784 AYALA AVENUE, MAK ATI
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How to fill out requirements on extra-judicial settlement
How to fill out requirements on extra-judicial settlement:
01
Gather all necessary documents such as the original title deed, tax declarations, and any other relevant property documents.
02
Obtain a copy of the death certificate of the deceased person whose estate is to be settled.
03
Prepare a written agreement detailing the terms and conditions of the extra-judicial settlement. This should include the names of all parties involved, their respective shares, and any special conditions or provisions.
04
Sign the agreement in the presence of a notary public or any authorized officer who can administer an oath.
05
Secure the necessary clearances or certifications from government agencies, if required. This may include clearances from the Bureau of Internal Revenue or the local government unit.
06
Submit the completed requirements, along with the necessary fees, to the appropriate government office or registry where the property is located.
07
Wait for the approval and registration of the extra-judicial settlement. Once approved, the property can be transferred to the rightful heirs or beneficiaries as specified in the agreement.
Who needs requirements on extra-judicial settlement?
01
Individuals who have inherited property through a will or intestate succession and intend to distribute it among the heirs without going through the judicial process.
02
Executors or administrators of an estate who wish to settle the property outside of court proceedings.
03
Heirs or beneficiaries who want to ensure a smooth and efficient transfer of property ownership without the need for litigation or probate.
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