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Philippines Estate Planning Legal Questions answered by Lawyers

Browse our 3 legal questions about Estate Planning in Philippines and the lawyer answers, or ask your own questions for free.

Who has the legal right to own a property: the one with the Tax Dec with the name of the deceased father (still not transferred by other claimants for 20 years) or the one with the copy of Deed of Absolute Sale of the property showing that it was sold by
Estate Planning Elder Law Trusts
Who has the legal right to own a property: the one with the Tax Dec with the name of the deceased father (still not transferred by other claimants for 20 years) or the one with the copy of Deed of Absolute Sale of the property showing that it was sold... Read more →
Lawyer answer by Recososa Law Firm

Hello: Property ownership questions like this can be emotionally and legally complex—especially when families, old documents, and long periods of inaction are involved. We're here to help you sort this out clearly and lawfully. You mentioned two parties: The one...

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Estate settlement dispute
Elder Law Estate Planning
My grandfather (testator) Died in 1996. There are 8 heirs (siblings) mentioned in his will. The estate tax has not been paid until now. 4 out of 8 sold me their share with a notarized deed of sale and a deed of donation. The other 3 wanted to invalidate/ cancel... Read more →
Lawyer answer by Nomos Legal Practice

Hello and thank you for contacting SK Solicitors, a full-service immigration law firm based in Lagos, Nigeria. Kindly let us know how we can help you to solve your legal needs and before we can render legal advice service, you...

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Unjust & unfair transfer of title to the heirs.
Elder Law Estate Planning
Here's a refined version of your statement: "The original owners of the estate were our deceased grandparents. Initially, there was a single-parent land title with an extrajudicial agreement among heirs regarding the subdivision of lots. However, the Local Government Unit (LGU) purchased four parcels of land and transferred the title... Read more →
Lawyer answer by Nomos Legal Practice

Hello and thank you for contacting SK Solicitors, a full service immigration law firm based in Lagos, Nigeria. Best Regards, Kingsley Izimah, Esq.

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1 answer

About Estate Planning Law in Las Pinas, Philippines:

Estate planning in Las Pinas, Philippines involves the process of arranging for the management and distribution of an individual's assets in the event of their incapacity or death. It includes creating wills, trusts, powers of attorney, and other legal documents to ensure that the individual's wishes are carried out. Estate planning is essential for protecting one's assets, minimizing tax liabilities, and providing for loved ones after they are gone.

Why You May Need a Lawyer:

There are several situations where you may need a lawyer to assist you with estate planning, such as:

  • Complex family dynamics or multiple marriages
  • High-value assets or businesses
  • Minimizing estate taxes
  • Planning for incapacity
  • Ensuring assets are distributed according to your wishes

Local Laws Overview:

In Las Pinas, Philippines, estate planning is governed by various laws and regulations, including the Family Code, Civil Code, and National Internal Revenue Code. Some key aspects to consider include:

  • Rules on inheritance and property rights
  • Requirements for creating valid wills and trusts
  • Tax implications of estate planning decisions
  • Roles and responsibilities of executors and trustees

Frequently Asked Questions:

1. What is estate planning?

Estate planning is the process of arranging for the management and distribution of your assets in the event of your incapacity or death.

2. Do I need a lawyer for estate planning?

While it is possible to create basic estate planning documents on your own, a lawyer can provide valuable advice and ensure that your wishes are legally enforceable.

3. What is a will?

A will is a legal document that specifies how you want your assets to be distributed after your death.

4. What is a trust?

A trust is a legal arrangement where a trustee holds assets on behalf of beneficiaries according to the terms of the trust document.

5. How can estate planning help minimize taxes?

Estate planning can help reduce estate taxes by using strategies such as gifting, creating trusts, and setting up charitable donations.

6. What should I consider when choosing an executor?

When choosing an executor, consider someone who is trustworthy, organized, and capable of carrying out your wishes efficiently.

7. Can I make changes to my estate plan?

Yes, you can make changes to your estate plan as circumstances change, such as getting married, having children, or acquiring new assets.

8. What is a power of attorney?

A power of attorney is a legal document that authorizes someone to make decisions on your behalf if you become incapacitated.

9. How can I ensure my minor children are taken care of in my estate plan?

You can designate guardians for your minor children in your will and establish trusts to provide for their financial needs.

10. Do I need to update my estate plan regularly?

It is recommended to review and update your estate plan every few years or whenever you experience significant life changes to ensure it reflects your current wishes.

Additional Resources:

For more information on estate planning in Las Pinas, Philippines, you can consult the Integrated Bar of the Philippines, the Philippine Bar Association, or seek guidance from local estate planning lawyers.

Next Steps:

If you are in need of legal assistance for estate planning in Las Pinas, Philippines, consider scheduling a consultation with a qualified lawyer who specializes in this area of law. They can help you understand your options, create personalized estate planning documents, and ensure that your wishes are carried out effectively.

Lawzana helps you find the best lawyers and law firms in Las Pinas through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Estate Planning, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Las Pinas, Philippines - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.