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EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE
KNOW ALL MEN BY THESE PRESENTS:
WE, _______, of legal age, single/married to ____, with residence address at _____, and _______, of legal age, single/married to _____, with residence address at _____,
WITNESSETH:
That we are the legitimate children and sole heirs of the deceased _______ who died on ______ at _________, copy of his death certificate hereto attached as Annex "A";
That said deceased died intestate, without Will or Testament, and without any outstanding debts in favor of any person or entity;
That the deceased left a parcel of land situated at ______ covered by Transfer Certificate of Title No. ____ of the Register of Deeds of _______ and more particularly described as follows:
(copy technical description)
That pursuant to Rule 74, Sec. 1 of the Revised Rules of Court of the Philippines, and both being with full capacity to contract, we do hereby adjudicate unto ourselves the parcel of land described above, in equal shares.
That FURTHER, FOR AND IN CONSIDERATION of the sum of _______(P____), Philippine Currency, to us in hand paid to our entire satisfaction by _______, of legal age, single/married to ___ and with residence address at _____, we do hereby SELL, CONVEY and TRANSFER by way of ABSOLUTE SALE unto the said ________, his heirs, successors and assigns, all our rights and interests in the parcel of land described above;
That we hereby warrant our title unto the said ________ and that henceforth, he shall have exclusive right of ownership and possession over said parcel of land, free from all liens and encumbrances;
That this land is not tenanted and does not come within the operation of the Land Reform Code and allied circulars of the Department of Agrarian Reform.
IN WITNESS WHEREOF, - - -
Signature of Heir
Signature of Heir
ACCEPTANCE OF SALE:
Signature of Buyer
SIGNED IN THE PRESENCE OF: ______________ ______________
ACKNOWLEDGMENT
***Settlement of estate of deceased among
heirs incorporating sale to a third party.
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