Extra-Judicial Settlement explanation, complete process and requirements

EXTRA-JUDICIAL SETTLEMENT

Explain; - ang Extra-Judicial Settlement ay ginawaga ito pag ang Registered owner na nakalagay sa 

Transfer Certificate of Title ng real property ay NAMATAY, ang ibig sabihin ay ililipat ang pangalan sa mga taga pag mana ng property, (Asawa at mga anak) ang consequences kung hindi ito nagagawa

ng mga taga pag mana mag susufer ka ng surcharge, penalty and interest sa Bureau of Internal revenue.

COMPLETE PROCESS OF EXTAR-JUDICIAL SETTLEMENT AND REQUIREMENTS

Step 1-A. BUREAU OF INTERNAL REVENUE located under the jurisdiction of principal

resident of the deceased person.

APPICATION OF CAR- Certificate Authorizing Registration

Requirement:

1.) Notarized Extra-Judicial Settlement 

2.) PSA Death Certificate

3.) Birth Certificate of Heirs / Married Contract

4.) Certified True Copy of Transfer Certificate of Title

5.) Certified True Copy of Tax Declaration Land and Improvement

6.) If Lot only Certificate of No Improvement

7.) Certificate of land Holding

8.) Tax Clearance

9.) Valid I.D. of all Heirs

10.) Tin Number

11.) Proof payment of ESTATE TAX

Processing time more or less 1 month

Step 1-B) Publication of Extra-Judicial Settlement

                3 consecutive week, with Certificate of Publication

                and attached Publication papers

Step 2 , City Hall or Municipal Treasurer office

Payment of Transfer Tax

Requirement:  photo copy of all documents release from BIR

after processing of Certificate Authorizing registration.

Step 3.) REGISTER OF DEED

Payment of Registration fee

Complete list of Requirement ALL ORIGINAL DOCUMENTS

1.) Original Owners Copy of Transfer Certificate of Title

2.) CAR - Certificate Authorizing Registration

3.) Notarized Extra-Judicial Settlement of the Estate with BIR Stamp

4.) Prof of Payment Transfer Tax 

4.) Certificate of Publication

5.) PSA Death Certificate

6.) Birth Certificate of Heirs / Married Contract

7.) Certified True Copy of Tax Declaration Land and Improvement

8.) If Lot only Certificate of No Improvement

9.) Tax Clearance

10.) Valid I.D. of all Heirs

Processing time more or less 1 month

Step 4.) ASSESSORS OFFICE

Transfer of Tax Declaration to the new owner

Requirements:

1.) New Transfer Certificate of Title

2.) CAR - Certificate Authorizing Registration

4.) Notarized Extra-Judicial Settlement of the Estate with BIR Stamp

5.) Tax Clearance

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FELICIANO "JANNO" TARE

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