EXTRAJUDICIAL SETTLEMENT AMONG HEIRS (with DEED OF ABSOLUTE SALE)

KNOWN BY ALL MEN THESE PRESENTS:

This Extrajudicial Settlement of Estate, made and executed in ___[Place] ____ on ____[Date] ____ by and among:

______[Name]___ Filipino of legal age, single /married/widowed residing at ___[Address] ____

______[Name]___ Filipino of legal age, single /married/widowed residing at ___[Address] ____

______[Name]___ Filipino of legal age, single /married/widowed residing at ___[Address] ____

WITNESSETH:

1. That the above-named parties are the sole heirs of ___ [Name of Decedent] __, being the latter’s legitimate children and surviving spouse, respectively. (“Heirs of ___________”)

2. The __[Name of Decedent] _ passed away on _[Date] __ , and at the time of his death, was residing at ____[Place] ____;

3. That the decedent left no will;

4. That to the best knowledge and information of the parties hereto, the said deceased left no debts;

5. That the said deceased, at the time of his death, owned a ( ____ sq.m) parcel of land situated in (situs of property), and covered by Transfer Certificate of Title (TCT) No. __________ of the Register of Deeds of [Place], registered in Book T-_____, Page ______, together with all the existing improvements thereon consisting of [a house of strong materials].

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

7. That, pursuant to Section 1 of Rule 74 of the Revised Rules of Court of the Philippines, by agreement between the parties herein, the entire interest of the decedent in the above-described property shall be divided and settled among them in equal shares pro indiviso:

8. That for and in consideration of the sum of [amount in words]

(P_____________), Philippine Currency, receipt of which is herby acknowledged by the Heirs of _______ , [the latter] do hereby SELL, CONVEY, and TRANSFER by way of ABSOLUTE SALE unto [name of buyer], (his/her) heirs, assigns and successors-in-interests, all their rights, interests and participation over the above-described parcel of land;

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IN WITNESS WHEREOF, the parties have hereunto set their hands this _____ day of ___ [Month, Year] ____ at ____[Place] ____ .

__________________________ __________________________

__________________________ __________________________

Signed in the presence of:

____________________ ____________________

ACKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)________ CITY ) S.S.

BEFORE ME, a Notary Public for and in the City of __ [Place] _, Philippines this __ [Date] _personally appeared the following:

Names ID No. Date/Place Issued

known to me and to me known to be the same persons who executed the foregoing Extrajudicial Settlement Among Heirs consisting of three (3) pages including this page, and they acknowledged to me that the same is their free and voluntary act and deed.

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

Notary Public

Doc. No. ____;Page No. ____;Book No. ____;Series of _____.

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