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ecruz wrote:this is what appears in the extrajudicial settlement:
"That, FURTHER, WE, (all other siblings), do WAIVE, RENOUNCE AND QUITCLAIM forever, whatever SHARE, RIGHT, OWNERSHIP AND PARTICIPATION we have in the above described real properties in the manner following:
TO (one sibling) – PARCEL 1
TO (another sibling) – PARCEL 2
That we have received our just share and have no claim against each other."
i guess this is a waiver for the benefit of a sibling. how do you do a general renunciation? to whom does the property go to then? and how will the property then be transferred to the name of the heir?
Free Legal Advice Philippines » FREE LEGAL ADVICE » PROPERTY » extrajudicial settlement with waiver - what taxes do we have to pay?
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