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In the Philippines, when a person dies intestate (without leaving a will), their estate must go through a process called “estate settlement.” This involves distributing the deceased person’s assets among their heirs. Two common methods for distributing assets among heirs are to execute Extrajudicial Settlement and the Affidavit of Self-Adjudication. The general rule is that […]

What is a Mortgage? Mortgage, “sangla” as we call it, is the agreement by which a creditor (the mortgagee) lends money at interest to the debtor (the mortgagor) in exchange for the property’s title, accompanied with the condition that the transfer of the title absolves itself after completely paying off the debt. To simply put, […]

The Bureau of Internal Revenue (BIR) has developed the eCAR System which generates the Electronic Certificate Authorizing Registration (eCAR). An eCAR is a mandatory requirement needed to process the transfer of property assets in the Philippines. It is commonly referred to as a significant tax clearance in relation to the transfer certificate of title or […]

As one of the countries proudly displaying sunny views, affordable living, and hospitable neighbors, it is not a common notion that foreign nationals take interest in owning real estate properties within our territory. One of the most frequently sought properties belongs to units from sky-rise condominiums located within business-run locations – like the cities within […]

When a person dies and leaves assets in his name, there is a need to settle or distribute his assets and transfer these to his heirs.  The totality of these properties, whether real or personal, is called the estate of the deceased or decedent. Examples of personal properties are a mutual fund placement or a […]